9322 Madison Avenue
South Gate, CA 90280
MLS #DW17023108

Income
  • 4units
  • 1,600sq ft
Active Under Contract $645,000
Est. P&I payment: $2463.46/mo
9322 Madison Avenue, South Gate, CA 90280
  • 9322 Madison Avenue, South Gate, CA 90280 Photo 1
  • 9322 Madison Avenue, South Gate, CA 90280 Photo 2
  • 9322 Madison Avenue, South Gate, CA 90280 Photo 3
  • 9322 Madison Avenue, South Gate, CA 90280 Photo 4
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Description for 9322 Madison Avenue, South Gate, CA 90280
A rare find, 4 units in South Gate! Each unit consists of 1 bedroom, 1 bath, and 1 car garage. The property has been very well maintained by the owner. Some of the features include: each unit is approx. 400 sq.ft., newer exterior paint, newer windows, and very low maintenance. Great location, close to schools, shops, and freeways (710,105,5). Do not miss out on this great opportunity, celebrate the new year with a new investment property! Or live in one unit and rent out the rest!
MLS #DW17023108
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My Notes for MLS #DW17023108

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Year Built: 1940
  • Year Built Source: Assessor
  • Zoning: SGR3YY
  • Elevation Units: Feet

Exterior Features

  • Lot Features: Front Yard
  • Lot Size SqFt: 4,949
  • Lot Size Units: Square Feet
  • View: None
  • Accessibility Features: No Interior Steps
  • Garage Spaces: 4
  • Parking YN: 1
  • Parking Features: Garage
  • Parking Total: 4
  • Pool Features: None
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Flooring: Tile
  • Foundation Details: Slab
  • Levels: One
  • Spa Features: None
  • Fireplace Features: None
  • Average 1Bed Area: 400
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Cooling: None
  • Heating YN: 1
  • Heating: Wall Heater
  • Laundry Features: None
  • Water Source: Public
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Financial Features

  • CapRate: 4.8
  • Gross Scheduled Income: 43,200
  • Insurance Expense: 790
  • Net Operating Income: 30,987
  • Operating Expense: 12,213
  • Price Per SqFt: 403.12
  • Tax Annual Amount: 6,730
  • Total Expenses: 12,213
  • Water Sewer Expense: 3,360
  • Tax Area: 664
  • Tax Lot: 18
  • Gross Income: 43,200
  • Gross Multiplier: 14.93
  • Gross Operating Income: 43,200
  • New Taxes Expense: 8,063
  • Price Per Unit: 161,250
  • Tenant Pays: Electricity,​Gas
  • Total Actual Rent: 3,600

Community Features

  • Community Features: Sidewalks,​Street Lighting

Miscellaneous Features

  • Building Area Total: 1,600
  • Building Area Units: Square Feet
  • Days On Market: 330
  • Exclusions: tenant's personal property and appliances
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 330
  • Tax Census Tract: 5,356.05

Location

 
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Directions to 9322 Madison Avenue, South Gate, CA 90280
Exit Firestone from 710 fwy (heading west), turn left on Madison Ave.
Listing information for 9322 Madison Avenue, South Gate, CA 90280 was graciously provided by our friends at the listing brokerage, Red Carpet Heritage Realty and by listing agent Ceballos Griselda DRE# 01345190

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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