9800 Madison Ave | South Gate, CA 90280
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- LoopNet Team
9800 Madison Ave
South Gate, CA 90280
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Excellent Unit Mix: (1) 2 Bed/2 Bath (House w/ Garage), (2) 2 Bed/1 Bath, (2) 1 Bed/1 Bath
- Stabilized Asset: Current CAP Rate - 5.87%, Current GRM - 11.40 | Market CAP Rate - 6.97%, Market GRM - 10.07
- Low Inventory Submarket: Over the past year there have been NO other (5+) Unit Apartment buildings that have sold within a 0.5 mi radius of the site
- Turnkey Building: Over the past (2) years, there has been well over $200,000 in Capital Expenditure (CAP X) put into the building
- RUBS: Ownership has implemented a Ratio Utility Billing Service as an effective way to offset volatile utility expenses and generate additional income
- Excellent Rental Market: Walk Score - 88 (“Very Walkable”) w/ 10+ Schools in a 1 mile radius of the property
PROPERTY FACTS
| No. Units | 5 | Building Size | 3,180 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1946 |
| Building Class | C | Parking Ratio | 0.31/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | SGR3 - Limited Density Multiple Residence | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,180 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 0.31/1,000 SF |
| Zoning | SGR3 - Limited Density Multiple Residence |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,630 | 500 - 600 |
| 2+1 | 2 | $1,950 | 500 - 750 |
| 2+2 | 1 | $2,350 | 900 |
PROPERTY TAXES
| Parcel Number | 6206-027-006 | Improvements Assessment | $719,100 |
| Land Assessment | $637,500 | Total Assessment | $1,356,600 |
PROPERTY TAXES
Parcel Number
6206-027-006
Land Assessment
$637,500
Improvements Assessment
$719,100
Total Assessment
$1,356,600
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