Listing Provided Courtesy Of:
Mark Alan Walker with Nourmand & Associates-HW - 818-438-3342
Address
9622 Long Beach Boulevard, South Gate, CA
Price
$ 868,000
Property Attributes
  • MLS#22128917
  • TypeIncome
  • CountyLOS ANGELES
  • CitySouth Gate
  • AreaCudahy - SouthGate W of 710 - HuntPk S of Flore
  • Zip90280
  • StyleTraditional
  • Price$ 868,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3753
  • Lot Size6,715 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. Bar (1180sf) and one apartment unit (840sf) currently vacant and may be rented for market rents. Occupied units are on month to month leases and are paying below market rents. Great upside potential for new owner. Property has been in the same family for many years and is now a great opportunity for new management. Retail store (1010sf) rented for $900/mo. Residential unit (805sf) is rented for a total of $1,000 for month. Bar was previously rented for $2000/month and is now vacant. All leases are month to month and verbal agreements. Seller may opt for 1031 exchange. Buyer to cooperate with seller 1031 exchange if necessary. Parking is accessed through a shared driveway. Great opportunity on a street that is marked for development.

Price History
2/18/2022 Listed $899,000
6/24/2022 4% - $868,000

General Features

Architectural Style Traditional
Construction Materials Stucco
Cooling Wall/Window Unit(s)
Facing Direction West
Heating Radiant
Levels Multi/Split
Listing Agent Mark Alan Walker - BRE#01309961
Listing Agent State License 01309961
Lot Size Square Feet 6715
MLS Area T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Taxes 11237
Total Units 4
View None
Water Sewer Expense 2400
Zoning SGC3*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features None

Exterior Features

Lot Size Acres 0.1542
Lot Size Area 6715
Lot Size Units Square Feet
Number of Buildings 1
Parking Features One Space, Shared Driveway
Total Parking 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90280

Price
AVG $930K
$870K
Visits
AVG 26
173
Year Built
AVG 1946
1945
Walkscore
AVG 73
85
Data Provided by Walkscore ® not using MLS data

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