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South Gate, CA 90280 3355 Independence Avenue

$2,875,000

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Presented By: Edwin Huber with Century 21 Peak; 562-419-4942
  • MLS# DW23161883
  • 08/29/2023
  • Request Tour
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  • BedBeds • 6
  • BathBaths • 12
  • FootageSQFT • 5,540
  • GarageGarage • 12

Home Details

Just Reduced $325,000 13.36 Actual GRM. Many units at Market rent. Recently upgraded 3 units. Seller is motvated. Discover a hidden gem in South Gate - 12 garden-style apartment units offering a nice mix of six 1 bedroom, 1 bath layouts and six cozy studios. Property comes with rare 12 convenient garage spaces. Also has two utility rooms that could possibly be converted into laundry rooms. Located near schools and shopping centers. This property not only promises convenience but also captivates people with its charming exterior.
Presented By: Edwin Huber with Century 21 Peak; 562-419-4942

Interior Features for 3355 Independence Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 3355 Independence Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.82
Carport Y/NNo
CitySouth Gate
Community FeaturesSuburban
CoolingWallWindowUnits
CountyLos Angeles
Days on Market262
DirectionsNorth of Southern Ave, East of State Ave
Entry LocationFront
Fuel Expense0.0
Garage Spaces12.0
Garage Y/NYes
Gross Income215196.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet17396.0
MLS AreaT4 - South Gate E of 710
MobileHomeRemainsYNNo
Net Operating Income167148.0
New ConstructionNo
Number of Units Leased12
Operating Expense48048.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameIndependence
Tax Lot407
Taxes$32,343
Tenant PaysElectricity, Gas
Total Actual Rent17933.0
Total Units12
Trash Expense5686.0
UtilitiesNaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Water Sewer Expense3394.0
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningSGR3YY

Exterior for 3355 Independence Avenue

Building Area Total5540.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.3994
Lot Size Area17396.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking12.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,875,000
MLS#DW23161883
List Date 08/29/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors