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$ 1,400,000
Est. payment /mo
Active
9421 Dearborn South Gate, CA 90280
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25266774
HOA Y/N No
Year Built 1953
Property Sub-Type Quadruplex
Property Description
EXCELLENT INCOME PROPERTY OPPORTUNITY in the heart of South Gate, offered at $1,400,000 with an ABOVE-AVERAGE CAP RATE FOR THE AREA. This property is perfect for 1031 EXCHANGE BUYERS, BUY-AND-HOLD INVESTORS, or OWNER-USERS seeking a multi-unit asset in a HIGH-DEMAND SOUTH GATE RENTAL MARKET. This FOURPLEX OPERATES AS A 6-UNIT INCOME-PRODUCING PROPERTY and offers strong IN-PLACE INCOME WITH UPSIDE POTENTIAL. After MARKET RENT ADJUSTMENTS and leasing the OWNER'S UNIT (DELIVERED VACANT), projected gross income is approximately $122,880 ANNUALLY with an estimated 8.7% GROSS CAP RATE. The OWNER'S UNIT WILL BE DELIVERED VACANT, allowing a new owner to RESET RENT TO MARKET, currently estimated at approximately $3,200 PER MONTH. The remaining units offer an OPPORTUNITY TO INCREASE RENTS BY APPROXIMATELY 8%–10%, providing a clear path to INCREASE CASH FLOW after purchase. This property offers flexibility for an OWNER-OCCUPANT LOOKING TO HOUSE-HACK or an INVESTOR SEEKING FULL RENTAL INCOME, with rental proceeds helping OFFSET OWNERSHIP COSTS while positioning the asset for LONG-TERM APPRECIATION.
Situated on an OVERSIZED CORNER LOT, the property features a 2-CAR GARAGE PLUS 2-CAR CARPORT, and is located just minutes from SOUTH GATE PARK, AZALEA SHOPPING CENTER, and the 710 & 105 FREEWAYS.
BUYER TO VERIFY ALL INCOME, RENTS, UNIT CONFIGURATION, AND PERMITS TO THEIR SATISFACTION.
Situated on an OVERSIZED CORNER LOT, the property features a 2-CAR GARAGE PLUS 2-CAR CARPORT, and is located just minutes from SOUTH GATE PARK, AZALEA SHOPPING CENTER, and the 710 & 105 FREEWAYS.
BUYER TO VERIFY ALL INCOME, RENTS, UNIT CONFIGURATION, AND PERMITS TO THEIR SATISFACTION.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6209006019
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Special Listing Condition Standard
Listed by Marvin Garcia ROA California Inc. 323 350-4654