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    2728 Willow Pl

    South Gate, CA 90280
    • $1,120,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 21-685480
    Foreclosure
    UPDATED: 31 min ago
    $1,120,000
    • 5
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,904
      SQFT
    • $386
      $/SQFT

    School Ratings & Info

    Description

    High return completely renovated 5 unit in South Gate. These 1bedroom bungalows are being offered at a 5.79% going in cap rate with a GRM of 12.22. You will not find a cleaner deal in this market with this return on investment. Improvements to the property include new windows, cabinets, granite countertops, totally refurbished bathrooms, and tile flooring. Renovations were not only cosmetic. Additions were made to the lot and exteriors to ensure a no hassle cash flowing investment moving forward. Everything is fully legal and permitted which will lead to a stress free South Gate city inspection once in escrow. There are 5 garages and additional driveway parking space. These apartments demand a higher rent per square foot than other South Gate properties because of the condition of the units, and because it is the only apartment building on an otherwise house residential street.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T07:42:33.21. 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.
    www.lydiagable.com/homes/113653003
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    2728 Willow Pl South Gate, CA 90280

    • Price: $1,120,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 21-685480
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,904
    SQFT
    $386
    $/SQFT
    1930
    Built
    Neighborhood:
    Cudahy, South Gate W Of 710, Hunt Pk S Of Florence
    County:
    Los Angeles
    Area:
    Cudahy, South Gate W Of 710, Hunt Pk S Of Florence
    Property Description
    High return completely renovated 5 unit in South Gate. These 1bedroom bungalows are being offered at a 5.79% going in cap rate with a GRM of 12.22. You will not find a cleaner deal in this market with this return on investment. Improvements to the property include new windows, cabinets, granite countertops, totally refurbished bathrooms, and tile flooring. Renovations were not only cosmetic. Additions were made to the lot and exteriors to ensure a no hassle cash flowing investment moving forward. Everything is fully legal and permitted which will lead to a stress free South Gate city inspection once in escrow. There are 5 garages and additional driveway parking space. These apartments demand a higher rent per square foot than other South Gate properties because of the condition of the units, and because it is the only apartment building on an otherwise house residential street.
    Exterior Features

    Lot Size Area 6162 Other Structures None Parking Garage Garage Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 647221 Gross Income 91632 Gross Operating Income 91632 Like Units1 3 Like Units2 1 Like Units3 1 Net Operating Income 64823.00 Number Of Buildings 4 Number Of Units 5 Sale Type Real Estate Owned Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 26809 Type Of Units 1Bedbungalow Year Built Source Vendor Enhanced Zoning Sgr3yy

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T07:42:33.21. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377