Sold for $1,045,000 on 09/16/24
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with: RE/MAX 2000 REALTY
$1,045,000
9616 San Juan Ave, South Gate, CA 90280
8beds
4baths
3,096sqft
Multi Family
Built in 1962
-- sqft lot
$1,179,400 Zestimate®
$338/sqft
$2,520 Estimated rent
Home value
$1,179,400
$1.07M - $1.30M
$2,520/mo
Zestimate® history
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What's special
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.
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 04:49pm
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with:
Kristopher German, DRE #01800021
RE/MAX 2000 REALTY
Source: CRMLS,MLS#: CV24034760
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,096
- Total interior livable area: 3,096 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage, Carport
- Garage spaces: 3
- Carport spaces: 1
- Covered spaces: 4
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,243 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 6203014014
- Zoning: SGR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Sidewalks
Location
- Region: South Gate
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2024 | Sold | $1,045,000-4.6%$338/sqft |
Source: | ||
| 6/26/2024 | Pending sale | $1,095,000$354/sqft |
Source: | ||
| 6/19/2024 | Listed for sale | $1,095,000+44.8%$354/sqft |
Source: | ||
| 7/22/2020 | Sold | $756,000+37.5%$244/sqft |
Source: | ||
| 7/3/2020 | Pending sale | $549,999$178/sqft |
Source: RE/MAX Fine Homes #OC20124743 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,708 +2% | $1,045,000 +1.2% |
| 2024 | $13,440 +1.8% | $1,032,553 +2% |
| 2023 | $13,206 +5.1% | $1,012,308 +2% |
Find assessor info on the county website
Neighborhood: 90280
Nearby schools
GreatSchools rating
- 6/10San Miguel Elementary SchoolGrades: K-5Distance: 0.1 mi
- 7/10South Gate Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10South Gate Senior High SchoolGrades: 9-12Distance: 0.8 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,179,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,179,400
