14901 Gagely Drive

La Mirada, CA 90638

$2,300,000
Last Sold Price
4
Beds
10
Baths
7,188 Sq. Ft.
$320 / Sq. Ft.
7,188
Sq. Ft.
$320
per Sq. Ft.

Description

5.4% Current CAP! The Parkside Apartments is nestled at the end of a tranquil cul-de-sac. This property also enjoys a prime location near the bustling retail intersection of Imperial Highway and La Habra Boulevard, making it a prime choice for residents seeking convenience and accessibility. In addition to its coveted location, The Parkside Apartments are strategically positioned to take full advantage of the high-demand rental market in La Mirada. This city boasts a scarcity of multifamily rental...5.4% Current CAP! The Parkside Apartments is nestled at the end of a tranquil cul-de-sac. This property also enjoys a prime location near the bustling retail intersection of Imperial Highway and La Habra Boulevard, making it a prime choice for residents seeking convenience and accessibility. In addition to its coveted location, The Parkside Apartments are strategically positioned to take full advantage of the high-demand rental market in La Mirada. This city boasts a scarcity of multifamily rental options including the scarcity of 1-bedroom units in the area, which underscores the limited opportunities for those seeking such accommodations. Additionally, the multifamily market’s supply constraints have created a unique situation for investors, with few properties available for acquisition in this city. The Parkside Apartments feature an appealing unit mix, consisting of eight 1-bedroom units and one 3-bedroom, 1.75-bath townhome unit. Currently, these units are rented at below-market rates in their existing condition. This presents an exceptional opportunity for a new owner to realize substantial rental income increases without the need for costly physical upgrades. In summary, The Parkside Apartments offer not only an outstanding location but also the potential for significant financial growth in a rental market with limited options, making it a lucrative investment opportunity for the discerning investor.
  1. Listed by Mark Bridge • DRE #01316702 • Brokerage DRE #01316702 • Mark Bridge, Broker • Mark.Bridge@cushwake.com

Property Details for 14901 Gagely Drive

View
Courtyard
Parking Spaces Total
9
Private Pool
No
Cooling Type
Wall/Window
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7188

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Sold By Nordine Realty, Inc, Vance Nordine, DRE #00786474

Add your commute
LISTING UPDATED: 01/23/2024 03:29 AM

Property Details for 14901 Gagely Drive

StatusClosed
MLS #OC23203111
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Sold By Nordine Realty, Inc, Vance Nordine, DRE #00786474

Add your commute

Building Information for 14901 Gagely Drive

Building/Complex14901 Gagely DrFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Payment Calculator

$13,408 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,552

Property Taxes

$856

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14901 Gagely Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $193,680
  • Gross Scheduled Income: $193,680
  • Gross Spendable Income: $130,330
  • Vacancy Allowance: 5810
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $190,066
  • Net Operating Income: $130,330
  • Laundry Income: $2,196
  • Gross Multiplier: 12.55
  • Cap Rate: 5.36
  • Current Financing: None
  • Financing: Cash
Expense Details
  • Operating Expense: $59,736
  • New Taxes Expense: $28,674
  • Gardener Expense: $2,670
  • Fuel Expense: $5,321
  • Pest Control Expense: $600
  • Electric Expense: $482
  • Insurance Expense: $4,950
  • Maintenance Expense: $4,500
  • Professional Management Expense: $0
  • Other Expense: $4,989
  • Other Expense Description: Reserves
  • Trash Expense: $4,075
  • Water Sewer Expense: $3,475
  • Total Expenses: $59,736
Tax / Assessment Info
  • Tax Tract Number: 23886
  • Tax Census Tract: 5040.01
  • CFD/Mello-Roos Fee: $2,739
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Range, Range Hood
  • Equipment: Community
  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: First
  • Foundation Details: Slab
  • View Description: Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Cul-De-Sac
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Parking Garage Spaces: 3
  • Carport Spaces: 6
  • Parking Features: Assigned, Covered, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,668
  • Unit Type Total Rent: $13,345
  • Unit Type Pro Forma: 15000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number With Range: 9
  • Number With Disposal: 9

Property History for 14901 Gagely Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14901 Gagely Drive

Taxable ValueLand$150,675Additions$486,901Total$637,576
Tax Record2023$10,277 ($856 / month)
Home Facts
Total Finished SqFt7,188 SqFtAbove Grade Finished SqFt7,188 SqFtLot Size8,147 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningLMR3*CountyLOS ANGELESAPN8041-024-009

Schools near 14901 Gagely Drive

This home is within Norwalk-La Mirada Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gardenhill Elementary School
PublicK to 5

Arlie F. Hutchinson Middle School
Public6 to 8

La Mirada High School
Public9 to 12

El Camino High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.