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    5130 Wood Avenue

    South Gate, CA 90280
    • $1,700,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: DW20153660
    New On Site 6 Days Ago
    UPDATED: 64 min ago
    $1,700,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,494
      SQFT
    • $262
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are proud to present this 7 unit build in the beautiful city South Gate. Property consists of a 1964 construction building with 5 two-bedroom/one-bath units and 1-3 bedroom 2 bath and 1-1 bedroom 1 bath unit. with 7 single car garages.The property is separately metered for gas and electricity and also offers on-site laundry. With current rents substantially below market and over 55% of upside in rents. This property provides an astute investor aunique value-add opportunity, potential capital gain deferment benefits and longterm cash flow.Drive only shown with accepted offer only. Do not disturb the tenants in any way.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-07T13:29:01.03. 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 Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/108451169
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    5130 Wood Avenue South Gate, CA 90280

    • Price: $1,700,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: DW20153660
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    6,494
    SQFT
    $262
    $/SQFT
    1964
    Built
    Neighborhood:
    T4 - South Gate E of 710
    County:
    Los Angeles
    Area:
    T4 - South Gate E of 710
    Property Description
    We are proud to present this 7 unit build in the beautiful city South Gate. Property consists of a 1964 construction building with 5 two-bedroom/one-bath units and 1-3 bedroom 2 bath and 1-1 bedroom 1 bath unit. with 7 single car garages.The property is separately metered for gas and electricity and also offers on-site laundry. With current rents substantially below market and over 55% of upside in rents. This property provides an astute investor aunique value-add opportunity, potential capital gain deferment benefits and longterm cash flow.Drive only shown with accepted offer only. Do not disturb the tenants in any way.
    Exterior Features

    Garage Spaces 7.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 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 1 Common Wall Laundry Features Electric Dryer HookupIndividual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Gross Income 73500.00 Gross Scheduled Income 73500.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Net Operating Income 43532.00 New Construction YN No New Taxes Expense 21250.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 29968.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5125.00 Total Expenses 29968.00 Trash Expense 2436.00 Water Sewer Expense 6132.00 Water Source Public Year Built Source Assessor Zoning Sgr3yy

    Listing provided courtesy of Victor Ambriz Jr of Keller Williams Sela


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-07T13:29:01.03. 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 Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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