NOT LISTED FOR SALE

9512 San Luis Ave South Gate, CA 90280

21 Beds
10 Baths
6,305 Sq Ft
9,667 Sq Ft Lot

Last Sold January 15, 2019

Last sale price $2,100,000 $333 Per Sq Ft

32 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Front Yard
  • Legacy High School Complex Rated A-
  • Wall Furnace

About This Home

As of January 2019

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.

Last Agent to Sell the Property

Kevin Lee

Berkshire Hathaway HomeServices California Properties License #01720786 Listed on: 10/15/2018

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Peggy Hsiao

High Ten Partners, Inc. License #01440448

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,667 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front Yard

Interior Spaces

  • 6,305 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 10 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1144
  • Tax Tract Number 5280
  • Assessor Parcel Number 6203013003

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $664
  • Fuel Expense $1,906
  • Gardener Expense $600
  • Insurance Expense $2,930
  • Maintenance Expense $5,686
  • Pest Control $500
  • Professional Management Expense $4,152
  • Supplies Expense $1,277
  • Trash Expense $2,881
  • Water Sewer Expense $8,950
  • New Taxes Expense $27,500
  • Operating Expense $55,319
  • Gross Income $155,100
  • Net Operating Income $95,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 4.33
  • Professional Management Expense: 4152.00
  • Property Attached: No
  • Supplies Expense: 1277.00
  • Water Sewer Expenses: 8950.00
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6203013003
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 333.07

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 500.00
  • Sewer: Public Sewer
  • Trash Expense: 2881.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 9667.00
  • Lot Size Acres: 0.2219

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 664.00
  • Fuel Expense: 1906.00
  • Gross Income: 155100.00
  • Gross Multiplier: 14.19
  • Gross Operating Income: 150447.00
  • Gross Scheduled Income: 155100.00
  • Insurance Expense: 2930.00
  • Lot Size Area: 9667.0000 Square Feet
  • Maintenance Expense: 5686.00
  • Net Operating Income: 95128.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 55319.00
  • Rent Control: No
  • Total Actual Rent: 11700.00
  • Total Expenses: 55319.00
  • Vacancy Allowance: 4653
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 27500.00
  • Tax Census Tract: 5358.04
  • Tax Lot: 1144
  • Tax Tract Number: 5280

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $2,100,000 -4.5% $333 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
10/15/2018 10/15/18 For Sale $2,200,000 -- $349 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Lee

    Seller's Agent in 2019

    Kevin Lee

    Berkshire Hathaway HomeServices California Properties

    (626) 975-2521

    81 Total Sales

    Kevin Lee
    Section Image
  • Peggy Hsiao

    Seller Co-Listing Agent in 2019

    Peggy Hsiao

    High Ten Partners, Inc.

    (626) 445-6660

    11 Total Sales

    Peggy Hsiao
    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,851 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18250966

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County South Gate 90280

9512 San Luis Ave, South Gate, CA

This home is located at 9512 San Luis Ave, South Gate, CA 90280 since 15 October 2018. This property was built in 1960. 9512 San Luis Ave is a home located in Los Angeles County with nearby schools including San Miguel Elementary School, South Gate Middle School, and Southeast Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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