Property Details
About this Property
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.
MLS Listing Information
MLS #
CRCV24034760
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
9616 San Juan Ave is a Residential Income in South Gate, CA 90280. This – square foot property sits on a 7,243 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,045,000 and was built in 1962. This address can also be written as 9616 San Juan Ave, South Gate, CA 90280.
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This listing information is up-to-date as of September 16, 2024. For the most current information, please contact Kristopher German, (626) 427-0786
