SOLD 01/18/2024
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Commercial sold for $1,330,000 in 141 days
9800 Madison Ave South Gate, CA, 90280
Off the market Other
We are pleased to exclusively offer for sale this 5 unit multi-family investment located in the City of South Gate. The subject property features an outstanding Unit Mix of (1) 2 Bed/2 Bath Front House w/ Garage Parking, (2) 2 Bed/1 Bath Unit(s), and (2) 1 Bed/1 Bath Unit(s) for a total rentable square footage of 3,180 SF. Priced at a 6.07% CAP and 11.08 GRM on Current, In-Place Rents, this offering serves as an excellent opportunity for, not only those coming out of a 1031 Exchange, but for any astute investor looking to generate healthy Day 1 cash flow in a burgeoning submarket. Further, the property – and its tenants – have benefitted from over $200k in Capital Expenditures (CAP X) over the last (2) years, which include consistent upgrades throughout each unit and significant attention to detail on all big ticket items. Each unit is separately metered for gas and electricity, and the landlord is responsible for paying only water and trash. In addition, ownership has implemented an efficient RUBS system as an effective way to offset volatile utility expenses and generate additional income subject to occupancy. This large, 8,559 SF Lot boasts a Walk Score of 88 (“Very Walkableâ€) and is strategically located just (2) lots down from Madison Elementary School, and within a
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Property details
3,180 sqft interior area
Land area
8,559 sqft (0.20 acres)
Address
9800 Madison Ave, South Gate, CA, 90280
City of California
South Gate
County
Los Angeles
Previous price
$1,355,000
Year Built
1946
District
Listing
Nearby major retailers
ALDI
Albertsons
Walmart Neighborhood Market
Walmart Supercenter
T-Mobile
Aldi
Supermarket: 5
Mobile phone: 3
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Interior Features
—
Garage & Parking
Other, Garage Faces Front, Private, Side By Side
Listed by
Joshua Barut, Lyon Stahl Investment Real Estate, Inc.
Name
Joshua Barut
License number
01971720
Brokerage company
Lyon Stahl Investment Real Estate, Inc.
MLS #
CRSB23163200
Buyer agent
Name
Ari Gharib
Brokerage company
LFA Multifamily Inc.
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Mortgage
$4,084
Taxes
$0
HOA dues
$0
Mortgage
$266,000 / 20%
2.28%
30 years
Your amount
$4,084 / month
Lot details
TMK #6206027006
Parcel nr.
6206027006
90280 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90280
53%
Families with children
National average: 39%
17%
Non family households
661,519
Population
$54,478
Average Income
Age & gender
Median age 29 years
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Commute types
84% commute by car
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Education level
43% have not graduated education
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Number of employees
2% work in education and healthcare
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Vehicles available
31% have 2 vehicle
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Vehicles by gender
31% have 2 vehicle
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Housing market insights for
$670.14k
Neighborhood average
sales price*
sales price*
$639.67k
Neighborhood median
sales price*
sales price*
399
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
50% of the houses have 4 or 5 rooms
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Bedrooms
66% have 2 or 3 bedrooms
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Owners vs Renters
60% are renters
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16.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Jan 18, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 18, 2024 | Sold | $1,330,000 | 0 | Public Record |
| Jan 11, 2024 | Pending | $1,330,000 | 0 | MLS #CRSB23163200 |
| Nov 1, 2023 | For sale | $1,330,000 | 0 | MLS #CRSB23163200 |
| Nov 1, 2023 | Price Decrease | $1,330,000 -1.85% | 0 | MLS #CRSB23163200 |
| Oct 24, 2023 | Unavailable | $1,355,000 | 0 | MLS #CRSB23163200 |
| Oct 11, 2023 | Price Decrease | $1,355,000 -2.87% | 0 | MLS #CRSB23163200 |
| Aug 31, 2023 | New Listing | $1,395,000 | 0 | MLS #CRSB23163200 |
Taxes of 9800 Madison Ave, South Gate, CA, 90280
SGR3 zoning / MLS #CRSB23163200
Zoning
SGR3
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Frequently Asked Questions about 9800 Madison Ave
What is 9800 Madison Ave?
9800 Madison Ave is a Commercial/Industrial propertywith 3,180 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
9800 Madison Ave, South Gate, CA, 90280.
What comparable properties are nearby?
Comparable nearby commercial properties include 2600 Nebraska Ave, 8141 Chestnut Ave, 8160 Seville Ave, 4433 Tweedy Blvd, 4433 Firestone Blvd, 4616 Firestone Blvd.
Based on information from the bridgeMLS as of 05-15-2024. 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.
Listing last updated on: Jan 23, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Smart & Final Extra!, 0.86 miles away and Lucky, 0.9 miles away.
The 90280 zip area has a population of 661,519, and 53% of the families have children. The median age is 29.38 years and 84% commute by car. The most popular housing type is "single detached" and 60% is renter.
