NOT LISTED FOR SALE

9840 Pinehurst Ave South Gate, CA 90280

South Gate Area
9 Beds
7 Baths
5,254 Sq Ft
6,956 Sq Ft Lot

Sale Details

Date Sold: May 19, 2023

Last sale price $1,769,000 $337 Per Sq Ft

14 Days on Market

Highlights

  • Park
  • 6 Car Garage
  • Laundry Facilities

About This Home

As of May 2023

Welcome to 9840 Pinehurst, an amazing 6 unit corner lot that has been meticulously well maintained throughout the years by its current owner and first time on the market in over 40 years. Siting at 5,200 sq ft, this beauty has 9 bedrooms and 7 bathrooms, all excessively spacious compared to its counterparts in the surrounding market. Additionally all units have attached garages for tenants convenience. Finally, rounding out this property it has a coined laundry perfect for tenants convenience and owners bottom line. As if all this was not enough, the rents are strong and still have room to increase to ensure positive cash flow. Call us today for more info

Last Agent to Sell the Property

Pablo Martinez

Good Faith Investments License #01960854 Listed on: 03/27/2023

Co-Listed By

Cindy Portillo

Good Faith Investments, Inc License #01813657

Last Buyer's Agent

Lucy Ramirez

Sunrise Acceptance Corp. License #01186103

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,956 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Apartment

Interior Spaces

  • 5,254 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1471
  • Assessor Parcel Number 6222027022
  • $1,936 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $930
  • Professional Management Expense $6,600
  • Trash Expense $1,896
  • Water Sewer Expense $3,000
  • Operating Expense $12,426
  • Gross Income $113,420
  • Net Operating Income $100,994

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,956 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.00
  • Professional Management Expense: 6600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: SGR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6222027022
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 336.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1896.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6956.00
  • Lot Size Acres: 0.1597

Multi Family

  • Gross Income: 113420.00
  • Gross Scheduled Income: 113420.00
  • Insurance Expense: 930.00
  • Lot Size Area: 6956.0000 Square Feet
  • Net Operating Income: 100994.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 12426.00
  • Rent Control: No
  • Total Expenses: 12426.00

Tax Info

  • Tax Census Tract: 5361.03
  • Tax Lot: 6
  • Tax Tract Number: 1471
  • TaxOtherAnnualAssessmentAmount: 1936.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 14, 2023
Sold by
Bought by
Seller's Agent
Pablo Martinez
Good Faith Investments
Buyer's Agent
Lucy Ramirez
Sunrise Acceptance Corp.
List Price
$1,799,000
Sold Price
$1,769,000
Premium/Discount to List
-$30,000
-1.67%
Views
68

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,769,000 California Best Title
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $804,000
Closed $972,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $1,769,000 -1.7% $337 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $1,799,000 -- $342 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,003 $1,840,467 $1,040,400 $800,067
2024 $23,386 $1,804,380 $1,020,000 $784,380
2023 $7,288 $448,034 $103,532 $344,502
2022 $6,991 $439,250 $101,502 $337,748
2021 $6,886 $430,638 $99,512 $331,126
2019 $6,702 $1,248,980 $832,320 $416,660
2018 $6,509 $410,173 $94,668 $315,505
2016 $6,141 $393,767 $90,993 $302,774
2015 $6,048 $387,854 $89,627 $298,227
2014 $6,068 $380,258 $87,872 $292,386
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23049376

California Regional Multiple Listing Service (CRMLS)
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