DRE #00338699
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9512 San Luis Avenue $2,100,000

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9512 San Luis Avenue South Gate, CA 90280

  • 0 Beds
  • 0 Baths
  • 6,305 sq.ft.
  • Multi-Family
MLS# TR18250966
SOLD 1/15/2019

$2,100,000

Market Estimate
Days On Market: 154 0 Views
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Property Details

Large 2 & story 10 Unit Apartment Complex with very attractive unit mix with 1 unit & 3 Bedroom/1 Bath, 9 units & 2 Bedroom/1 Bath. This is an extremely rare investment offers. Great cash flow. HUGE potential upside in Rent with all units (over 15% upside in rent. Stabilized CAP Rate is over 6.00%) All units are individually metered for electricity and gas. Assigned parking space for all units. Half of units have newer windows and tile flooring. Re-pipe main water lines with copper plumbing and upgrade central water heater to commercial grade in 2015. Conveniently located near the 710 Freeway. Several major shopping centers, Great dining, and retail stores in close proximity. Rents are currently below market with significant upside in this Non-Rent Control area.

  • General Features
    • Number Of Separate Water Meters 1
    • Number Of Separate Electric Meters 11
    • Number Of Separate Gas Meters 11
    • Number Of Units Total 10
    • Year Built 1960
    • County Or Parish Los Angeles
    • Number Of Buildings 1
    • Community Features Curbs
    • Association Fee 0.00
  • Building Features
    • Heating Wall Heater
    • Laundry Features None
  • Property Features
    • Lot Size Acres 0.22
    • Lot Features Front Yard, Lot-Level/Flat
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 0.00

Neighborhood

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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- New in Database Source
1/15/2019 12:00:00 AM Sold Source New Value: $2,100,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 6/20/2019 9:39:03 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.