8946 Evergreen Avenue

    South Gate, CA 90280
    • $2,050,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: PW19258553
    UPDATED: 30 min ago
    $2,050,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,662
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    We are pleased to present a 10-unit multi-family community located in the prime Gateway City of South Gate, CA. Located just east off major thoroughfare Long Beach Boulevard the subject property was originally built in 1929 and consists of approximately 6,662 square feet on approximately a 14,238 square foot lot. The building consists of 4 spacious one bedroom / one bathroom & 6 two bedroom / one bathroom units. There is plenty of onsite parking, with multiple garages on the premises. The property is located off the main thoroughfare of Long Beach Boulevard in the city South Gate, close proximity to the East Los Angeles South Gate Campus and a short drive from the Azalea Shopping Center. Furthermore, with a Walk Score of 79, this location is deemed to be very walkable where most errands can be accomplished by foot. Due to this, the tenants benefit from the many restaurants, shops and various other entertainment options all within a short distance from the property. This is an absolutely incredible opportunity to acquire a highly desirable cottage-style multi-family asset in one of the most accessible locations in the city and would be a great addition to any investors portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T23:28:14.23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/100577954

    8946 Evergreen Avenue South Gate, CA 90280

    • Price: $2,050,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: PW19258553
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    6,662
    SQFT
    $308
    $/SQFT
    1929
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    We are pleased to present a 10-unit multi-family community located in the prime Gateway City of South Gate, CA. Located just east off major thoroughfare Long Beach Boulevard the subject property was originally built in 1929 and consists of approximately 6,662 square feet on approximately a 14,238 square foot lot. The building consists of 4 spacious one bedroom / one bathroom & 6 two bedroom / one bathroom units. There is plenty of onsite parking, with multiple garages on the premises. The property is located off the main thoroughfare of Long Beach Boulevard in the city South Gate, close proximity to the East Los Angeles South Gate Campus and a short drive from the Azalea Shopping Center. Furthermore, with a Walk Score of 79, this location is deemed to be very walkable where most errands can be accomplished by foot. Due to this, the tenants benefit from the many restaurants, shops and various other entertainment options all within a short distance from the property. This is an absolutely incredible opportunity to acquire a highly desirable cottage-style multi-family asset in one of the most accessible locations in the city and would be a great addition to any investors portfolio.
    Exterior Features

    Garage Spaces 10.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 3025.00 Elevation Units Feet Fuel Expense 3025.00 Gardener Expense 660.00 Gross Income 129600.00 Gross Scheduled Income 129600.00 Insurance Expense 2665.00 Land Lease YN No Laundry YN No Maintenance Expense 7500.00 Net Operating Income 79562.00 New Construction YN No New Taxes Expense 25625.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 46150.00 Other Expense 2700.00 Other Expense Description Ad./Res. Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public SewerSeptic Type Unknown Special Listing Conditions Standard Total Actual Rent 10800.00 Total Expenses 46150.00 Trash Expense 450.00 Water Sewer Expense 500.00 Water Source Public Year Built Source Assessor Zoning Sgr3yy

    Listing provided courtesy of Kevin King of Marcus & Millichap and Ryan Gonzalez of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T23:28:14.23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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