Seller's Agent in 2024
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
1 in this area
50 Total Sales
14901 Gagely Dr La Mirada, CA 90638
4
Beds
3
Baths
7,188
Sq Ft
8,712
Sq Ft Lot
Highlights
- Courtyard Views
- Cul-De-Sac
- Laundry Room
- Gardenhill Elementary School Rated A-
- Cooling System Mounted To A Wall/Window
- 3 Car Garage
About This Home
As of January 20245.4% Current CAP! The Parkside Apartments is nestled at the end of a tranquil cul-de-sac. This property also enjoys a prime location near the bustling retail intersection of Imperial Highway and La Habra Boulevard, making it a prime choice for residents seeking convenience and accessibility.
In addition to its coveted location, The Parkside Apartments are strategically positioned to take full advantage of the high-demand rental market in La Mirada. This city boasts a scarcity of multifamily rental options including the scarcity of 1-bedroom units in the area, which underscores the limited opportunities for those seeking such accommodations. Additionally, the multifamily market’s supply constraints have created a unique situation for investors, with few properties available for acquisition in this city. The Parkside Apartments feature an appealing unit mix, consisting of eight 1-bedroom units and one 3-bedroom, 1.75-bath townhome unit. Currently, these units are rented at below-market rates in their existing condition. This presents an exceptional opportunity for a new owner to realize substantial rental income increases without the need for costly physical upgrades.
In summary, The Parkside Apartments offer not only an outstanding location but also the potential for significant financial growth in a rental market with limited options, making it a lucrative investment opportunity for the discerning investor.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 8,712 Sq Ft Lot
- 1 Common Wall
- Cul-De-Sac
- Density is 6-10 Units/Acre
Parking
- 3 Car Garage
- 6 Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 7,188 Sq Ft Home
- 2-Story Property
- Courtyard Views
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Tax Tract Number 23886
- Assessor Parcel Number 8041024009
- $2,739 per year additional tax assessments
Community Details
Building Details
- 9 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $482
- Fuel Expense $5,321
- Gardener Expense $2,670
- Insurance Expense $4,950
- Maintenance Expense $4,500
- Other Expense $4,989
- Pest Control $600
- Trash Expense $4,075
- Water Sewer Expense $3,475
- New Taxes Expense $28,674
- Operating Expense $59,736
- Gross Income $193,680
- Net Operating Income $130,330
Additional Features
- 9 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2024 01/23/24 | Sold | $2,300,000 | +125927.4% | $320 / Sq Ft |
| 01/08/2024 01/08/24 | Pending | -- | -- | -- |
| 11/15/2023 11/15/23 | Price Changed | $1,825 | +1.4% | -- |
| 11/14/2023 11/14/23 | Price Changed | $1,800 | 0.0% | -- |
| 11/02/2023 11/02/23 | For Sale | $2,430,000 | 0.0% | $338 / Sq Ft |
| 11/01/2023 11/01/23 | Price Changed | $1,825 | 0.0% | -- |
| 11/01/2023 11/01/23 | For Rent | $1,825 | +1.7% | -- |
| 08/07/2023 08/07/23 | For Rent | $1,795 | 0.0% | -- |
| 07/13/2023 07/13/23 | For Rent | $1,795 | 0.0% | -- |
| 06/15/2023 06/15/23 | For Rent | $1,795 | 0.0% | -- |
| 03/27/2023 03/27/23 | For Rent | $1,795 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mark Bridge
-
Vance Nordine
Buyer's Agent in 2024
Vance Nordine
Nordine Realty, Inc
(562) 882-2399
16 in this area
103 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23203111
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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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