NOT LISTED FOR SALE

9832 Pinehurst Ave South Gate, CA 90280

8 Beds
6 Baths
10,508 Sq Ft
0.33 Acres

Last Sold September 21, 2022

Last sale price $2,950,000 $281 Per Sq Ft

84 Days on Market

About This Home

As of September 2022

We are pleased to present a 12-unit apartment building located at 9832 -9836 Pinehurst Avenue in South Gate, California. Built in 1963, the subject property consists of 10,508 rentable square feet spread throughout a 14,263 square foot lot with an income-generating laundry room. The unit-mix includes two 3-bedroom/2-bathroom, one 2-bedroom/1-bathroom, one 2-bedroom/2-bathroom and eight 1-bedroom / 1-bathroom units. Owners enjoy the high demand for rentals in the mid-cities of Southern California. Tenants can appreciate living across from South Gate Park, offering many outdoor and indoor recreation activities including tennis, soccer, baseball, a skate park and batting cages. One of the most known soccer centers in all of Southern California, Goals Soccer, is also located at this park.

Situated approximately 7 miles southeast of downtown Los Angeles, South Gate is the 17th largest city in Los Angeles County, comprising 7.4 square miles. Strategically located near major highways, including Interstate 710 (Long Beach Freeway), Interstate 5 (Santa Ana Freeway) and Interstate 105 (Glen Anderson Freeway). South Gate is known as the “Azalea City” when it adopted the flowers as its symbol in 1965 and has a population of 94,642 as of 2019.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 05/19/2022

Last Buyer's Agent

Julian Ongpin

RE/MAX TIME REALTY License #02030405

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 10,508 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 16 Parking Spaces
  • 16 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1471
  • Assessor Parcel Number 6222027021
  • $2,632 per year additional tax assessments

Community Details

Overview

  • 12 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Fuel Expense $1,800
  • Insurance Expense $3,678
  • Professional Management Expense $7,667
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $41,250
  • Operating Expense $73,195
  • Gross Income $153,364
  • Net Operating Income $80,169

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Professional Management Expense: 7667.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6222027021
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 280.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 14263.00
  • Lot Size Acres: 0.3274

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 1800.00
  • Gross Income: 153364.00
  • Gross Scheduled Income: 156264.00
  • Insurance Expense: 3678.00
  • Laundry Income: 1788.00
  • Lot Size Area: 14263.0000 Square Feet
  • Net Operating Income: 80169.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 73195.00
  • Rent Control: No
  • Total Expenses: 73195.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 41250.00
  • Tax Census Tract: 5361.03
  • Tax Lot: 6
  • Tax Tract Number: 1471
  • TaxOtherAnnualAssessmentAmount: 2632.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
09/21/2022 09/21/22 Sold $2,950,000 -10.6% $281 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $3,300,000 -- $314 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2022

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    1 in this area

    42 Total Sales

    Kevin King
    Section Image

  • J

    Buyer's Agent in 2022

    Julian Ongpin

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22106452

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

9832 Pinehurst Ave, South Gate, CA

Not Listed for Sale

MultiFamily

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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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