3355 Independence Avenue South Gate, CA ^$ 2,875,000

3355 Independence Avenue

^$ 2,875,000

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3355 Independence Avenue

South Gate, CA, 90280

^$ 2,875,000

Bedrooms6 Baths12.0 Sq 5,540

Monthly Estimate*

^$ 20,083

Listed by Century 21 Peak

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3355 Independence Avenue, South Gate, CA 90280 - Image 9

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3355 Independence Avenue, South Gate, CA 90280 - Image 11

3355 Independence Avenue, South Gate, CA 90280 - Image 12

3355 Independence Avenue, South Gate, CA 90280 - Image 13

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Multi-Family Home for sale in South Gate, CA

for $2,875,000 with 6 bedrooms and 12 full baths. This 5,540 square foot home was built in 1948 on a lot size of 0.3994.

Just Reduced $325,000 Discover a hidden gem in South Gate - 12 garden-style apartment units offering a nice mix of six 1 bedroom, 1 bath layouts and six cozy studios. Property comes with rare 12 convenient garage spaces. Also has two utility rooms that could possibly be converted into laundry rooms. Located near schools and shopping centers. This property not only promises convenience but also captivates people with its charming exterior. Currently has 4 vacant units that will be rented at market value.

Multi-Family Active

Price

^$ 2,875,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.3994

Year Built

1948

Town/City

South Gate

County/Region

Los Angeles

MLS | Web ID

DW23161883

Days on Market

243

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling WallWindowUnits

Utilities NaturalGasConnected SewerConnected WaterConnected

Possession CloseOfEscrow

Roof Composition

Zoning SGR3YY

Garage Spaces 12.0

Pool Features None

Year Built 1948

Tenant Pays Electricity Gas

Stories 1

Levels One

Property SubType Apartment

Gross Income 211350.0

Community Features Suburban

County Los Angeles

Net Operating Income 163302.0

Operating Expense 48048.0

Insurance Expense 2800.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions North of Southern Ave East of State Ave

City South Gate

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 12

MLS Area T4 - South Gate E of 710

Lot Size Square Feet 17396.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Independence

Listing Terms Cash CashtoNewLoan

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 5686.0

Water Sewer Expense 3394.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 177

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 407

Property Sub Type Additional Apartment

Taxes 32343.0

Cap Rate 5.68

Exterior

Parking Features Garage

Lot Features Level

Water Source Public

Total Parking 12.0

Lot Size Area 17396.0

Number of Buildings 2

Spa N

Building Area Total 5540.0

Lot Size Acres 0.3994

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 12

Number of Separate Electric Meters 12

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 3355

* Excluded Features

List By

Century 21 Peak

Broker

(562) 927-2626

Phone

Affordability Calculator

$20,083

Per Month

Monthly Principal & Interest: $20,083
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in South Gate, CA

Average List Price ^$1,046,224

Percent of Sale Price 64%

About South Gate, CA

96,039 Population

0% Since 2002

^$46,897 Median Income

32.36 Median Age

43% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/9/2024	$2,875,000	-3.69%	Price Down
10/11/2023	$2,985,000	-6.72%	Price Down
8/30/2023	$3,200,000		Listed Price

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3355 Independence Avenue, South Gate, CA, 90280 is a Multi-Family Home for sale at $2,875,000 with 5,540 sqft and a lot size of 0.3994. 3355 Independence Avenue has 6 bedrooms, 12.0 baths, and was built in 1948. The property's zip code is 90280 which is in South Gate, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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3355 Independence Avenue

Multi-Family Home for sale in South Gate, CA

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