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Multifamily

9832 Pinehurst Ave

9832 Pinehurst Ave, South Gate, CA 90280

Listing Price: $3,300,000

Cap Rate
2.43%
Number of Units
12
Occupancy
97.0%
Price/Unit
$275,000
Price/Gross SF
$314.05
Gross SF
10,508

Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment building located at 9832 -9836 Pinehurst Avenue in South Gate, California. Built in 1963, the subject property consists of 10,508 rentable square feet spread throughout a 14,263 square foot lot with an income-generating laundry room. The unit-mix includes two 3-bedroom/2-bathroom, one 2-bedroom/1-bathroom, one 2-bedroom/2-bathroom and eight 1-bedroom / 1-bathroom units. Owners enjoy the high demand for rentals in the mid-cities of Southern California. Tenants can appreciate living across from South Gate Park, offering many outdoor and indoor recreation activities including tennis, soccer, baseball, a skate park and batting cages. One of the most known soccer centers in all of Southern California, Goals Soccer, is also located at this park. Situated approximately 7 miles southeast of downtown Los Angeles, South Gate is the 17th largest city in Los Angeles County, comprising 7.4 square miles. Strategically located near major highways, including Interstate 710 (Long Beach Freeway), Interstate 5 (Santa Ana Freeway) and Interstate 105 (Glen Anderson Freeway). South Gate is known as the “Azalea City” when it adopted the flowers as its symbol in 1965 and has a population of 94,642 as of 2019.

Investment Highlights

  • Great Rental Market – Border of South Gate & Downey
  • Great Unit-Mix of 1-Bedroom, 2-Bedroom, and 3-Bedroom Units
  • Value–Add Opportunity
  • Significant Upside in Rents
  • 16 Covered Parking Spaces
  • Income-Generating Laundry Room
  • Excellent Financing Available Through Our Marcus & Millichap Capital Corporation

Exclusively Listed By

Multifamily

9832 Pinehurst Ave

Listing Price: $3,300,000

Cap Rate
2.43%
Number of Units
12
Occupancy
97.0%
Price/Unit
$275,000
Price/Gross SF
$314.05
Gross SF
10,508

Investment Highlights

  • Great Rental Market – Border of South Gate & Downey
  • Great Unit-Mix of 1-Bedroom, 2-Bedroom, and 3-Bedroom Units
  • Value–Add Opportunity
  • Significant Upside in Rents
  • 16 Covered Parking Spaces
  • Income-Generating Laundry Room
  • Excellent Financing Available Through Our Marcus & Millichap Capital Corporation

Investment Overview

Marcus & Millichap is pleased to present a 12-unit apartment building located at 9832 -9836 Pinehurst Avenue in South Gate, California. Built in 1963, the subject property consists of 10,508 rentable square feet spread throughout a 14,263 square foot lot with an income-generating laundry room. The unit-mix includes two 3-bedroom/2-bathroom, one 2-bedroom/1-bathroom, one 2-bedroom/2-bathroom and eight 1-bedroom / 1-bathroom units. Owners enjoy the high demand for rentals in the mid-cities of Southern California. Tenants can appreciate living across from South Gate Park, offering many outdoor and indoor recreation activities including tennis, soccer, baseball, a skate park and batting cages. One of the most known soccer centers in all of Southern California, Goals Soccer, is also located at this park. Situated approximately 7 miles southeast of downtown Los Angeles, South Gate is the 17th largest city in Los Angeles County, comprising 7.4 square miles. Strategically located near major highways, including Interstate 710 (Long Beach Freeway), Interstate 5 (Santa Ana Freeway) and Interstate 105 (Glen Anderson Freeway). South Gate is known as the “Azalea City” when it adopted the flowers as its symbol in 1965 and has a population of 94,642 as of 2019.

Exclusively Listed By

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