$2,950,000
$3,300,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 09/21/2022
Key Details
Sold Price $2,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22106452
Sold Date 09/21/22
HOA Y/N No
Year Built 1963
Lot Size 0.327 Acres
Property Description
We are pleased to present a 12-unit apartment building located at 9832 -9836 Pinehurst Avenue in South Gate, California. Built in 1963, the subject property consists of 10,508 rentable square feet spread throughout a 14,263 square foot lot with an income-generating laundry room. The unit-mix includes two 3-bedroom/2-bathroom, one 2-bedroom/1-bathroom, one 2-bedroom/2-bathroom and eight 1-bedroom / 1-bathroom units. Owners enjoy the high demand for rentals in the mid-cities of Southern California. Tenants can appreciate living across from South Gate Park, offering many outdoor and indoor recreation activities including tennis, soccer, baseball, a skate park and batting cages. One of the most known soccer centers in all of Southern California, Goals Soccer, is also located at this park.
Situated approximately 7 miles southeast of downtown Los Angeles, South Gate is the 17th largest city in Los Angeles County, comprising 7.4 square miles. Strategically located near major highways, including Interstate 710 (Long Beach Freeway), Interstate 5 (Santa Ana Freeway) and Interstate 105 (Glen Anderson Freeway). South Gate is known as the “Azalea City” when it adopted the flowers as its symbol in 1965 and has a population of 94,642 as of 2019.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGR3YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Carport Spaces 16
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description 11-15 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 6222027021
Energy Description 1800.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing FHA
Special Listing Condition Standard
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Bought with Julian Ongpin • RE/MAX TIME REALTY