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

$1,045,000

Est. payment /mo

$1,095,000

4.6%
Est.Price: ?

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9616 San Juan Avenue South Gate, CA 90280

8 Beds

SOLD DATE : 09/16/2024

Key Details

Sold Price $1,045,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24034760

Bedrooms 8

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 investors 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

Zoning Assessor

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Cash

Listing Terms Cash

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MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with Kristopher German RE/MAX 2000 REALTY
Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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