South Gate, CA 90280,9616 San Juan AVE
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South Gate, CA 90280,9616 San Juan AVE
South Gate, CA 90280,9616 San Juan AVE
South Gate, CA 90280,9616 San Juan AVE
South Gate, CA 90280,9616 San Juan AVE

$1,045,000

Est. payment /mo

$1,095,000

4.6%
Est.Price: ?

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9616 San Juan AVE South Gate, CA 90280

3,096 SqFt

SOLD DATE : 09/16/2024

Key Details

Sold Price $1,045,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 3,096 sqft

Price per Sqft $337

MLS Listing ID CV24034760

Sold Date 09/16/24

HOA Y/N No

Year Built 1962

Lot Size 7,244 Sqft

Acres 0.1663

Property Description

We are pleased to exclusively offer for sale this 4-Unit multi-family investment property in the city of South Gate.
The subject property offers one charming 2-bed/1-bath detached cottage, complemented by three additional 2-bed/1-bath units, collectively offering 3,096 square feet of rental space on a generous 7,243 square foot lot. Each unit is thoughtfully designed to maximize space and comfort, ensuring a pleasant living environment for tenants. The property boasts ample onsite parking, including both garage and carport options, addressing a crucial need for urban living, and adding considerable value for tenants. Each unit is separately metered for electricity and gas while the owner pays for water and trash. This arrangement not only limits the investor’s utility costs, but also encourages conservation among tenants, enhancing the property's appeal. An additional highlight is the onsite laundry room, and although currently closed, presents a lucrative opportunity for added income for the next investor. The property stands out with a remarkable 40% upside in rental rates, signaling great potential for growth in rental income.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning SGR3YY

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Fireplace No

Laundry Inside

Exterior

Garage Spaces 3.0

Carport Spaces 1

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6203014014

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kristopher German • RE/MAX 2000 REALTY

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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