8994 McNerney Ave | South Gate, CA 90280
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- LoopNet Team
8994 McNerney Ave
South Gate, CA 90280
4 Units- 6% Cap Rate & 12.1 GRM · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Perfect 4-Unit Investment or owner-user opportunity cash flowing at a 6% Cap Rate and 12.1 GRM from Day 1.
- Brand New Roof, Electrical system, Copper plumbing, Windows and more.
- Washer/Dryer Hookups in all units, brand new water heaters, and HVAC systems.
- Entirely stripped down to the studs and thoroughly renovated with permits.
- New cabinets, flooring, recessed lighting, updated bathrooms, and renovated kitchens.
- Excellent up and coming South Gate location.
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 2,065 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1948/2021 |
| Zoning | SGR3YY | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 2,065 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2021 |
| Zoning | SGR3YY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 6216-029-005 | Improvements Assessment | $510,000 |
| Land Assessment | $698,700 | Total Assessment | $1,208,700 |
PROPERTY TAXES
Parcel Number
6216-029-005
Land Assessment
$698,700
Improvements Assessment
$510,000
Total Assessment
$1,208,700
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