Listed By:
Edwin Huber with Century 21 Peak; 562-419-4942
Address
3355 Independence Avenue, South Gate, CA
Price
$ 2,875,000
Property Attributes
  • MLS#DW23161883
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CitySouth Gate
  • AreaSouth Gate E of 710
  • Zip90280
  • StyleApartment
  • Price$ 2,875,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage5540
  • Lot Size0.3994 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Just Reduced $325,000 Discover a hidden gem in South Gate - 12 garden-style apartment units offering a nice mix of six 1 bedroom, 1 bath layouts and six cozy studios. Property comes with rare 12 convenient garage spaces. Also has two utility rooms that could possibly be converted into laundry rooms. Located near schools and shopping centers. This property not only promises convenience but also captivates people with its charming exterior. Currently has 4 vacant units that will be rented at market value.

Price History
8/30/2023 Listed $3,200,000
10/11/2023 7% - $2,985,000
2/9/2024 4% - $2,875,000

General Features

Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Utilities NaturalGasConnected,SewerConnected,WaterConnected
Possession CloseOfEscrow
Roof Composition
Zoning SGR3YY
Garage Spaces 12.0
Pool Features None
Year Built 1948
Tenant Pays Electricity,Gas
Stories 1
Levels One
Property SubType Apartment
Gross Income 211350.0
Community Features Suburban
County Los Angeles
Net Operating Income 163302.0
Operating Expense 48048.0
Insurance Expense 2800.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions North of Southern Ave,East of State Ave
City South Gate
Entry Location Front
View Y/N No
Senior Community Y/N No
Total Units 12
MLS Area T4 - South Gate E of 710
Lot Size Square Feet 17396.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Independence
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 5686.0
Water Sewer Expense 3394.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 177
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 407
Property Sub Type Additional Apartment
Taxes 32343.0
Cap Rate 5.68
MobileHomeRemainsYN No

Interior Features

Fireplace Features None
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Garage
Lot Features Level
Water Source Public
Total Parking 12.0
Lot Size Area 17396.0
Number of Buildings 2
Spa No
Building Area Total 5540.0
Lot Size Acres 0.3994
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90280

Price
AVG $1.07M
$2.88M
Visits
AVG 53
175
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1948

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