8994 McNerney Avenue
8994 McNerney Avenue
$1,185,000
4
4
2,065
2,065
$574
Sold 1/26/24
Description
Incredible Non-Rent Control 4-unit Investment or Owner-User opportunity (1 Vacant) cash flowing at an amazing 6% Cap Rate and 12.1 GRM from Day 1! All 4 units have been completely stripped down to the studs, renovated with permits, and include brand new roofs, electrical systems, copper plumbing, windows, cabinets, flooring, lighting fixtures, bathrooms, and kitchens. Plus washer/dryer hookups in all units, new water heaters as well as HVAC systems. Additional Upside to 6.9% Cap Rate and 10.8 GRM...Incredible Non-Rent Control 4-unit Investment or Owner-User opportunity (1 Vacant) cash flowing at an amazing 6% Cap Rate and 12.1 GRM from Day 1! All 4 units have been completely stripped down to the studs, renovated with permits, and include brand new roofs, electrical systems, copper plumbing, windows, cabinets, flooring, lighting fixtures, bathrooms, and kitchens. Plus washer/dryer hookups in all units, new water heaters as well as HVAC systems. Additional Upside to 6.9% Cap Rate and 10.8 GRM on proforma. Non-Rent Control area allowing for 8.8% annual increases (5% + CPI). The property is located in South Gate which is an excellent up-and-coming area close to schools, restaurants, shopping centers, and entertainment options - just blocks from Azalea Shopping Center which hosts Walmart, Starbucks AltaIn-N-Out Fridays Wingstop, and more. It's great to have access to the 710, and 105 freeways which will take you easily to Downtown LA or the beach!
Property Details for 8994 McNerney Avenue
Zoning
SGR3YY
Parcel Number6216029005
Total Units4.0
Living Area2065
Source Living AreaVendor Enhanced
AreaCudahy, South Gate W of 710, Hunt Pk S of Florence (T2)
Vacancy Rate1 Unit
Lot Size Area3903
Location
LISTING UPDATED: 01/26/2024 03:08 PM
Property Details for 8994 McNerney Avenue
Status | Sold |
---|---|
MLS # | 23-338290 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.09 AC / 3,903 SF |
County | Los Angeles County |
Location
Building Information for 8994 McNerney Avenue
Stories2Residences-Year Built1948Building Size-Lot Size0.09 AC / 3,903 SF
Payment Calculator
$7,213 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8994 McNerney Avenue
Property History for 8994 McNerney Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8994 McNerney Avenue
Taxable ValueLand$399,446Additions$273,304Total$672,750
Tax Record2023$8,950 ($746 / month)
Home Facts
Total Finished SqFt2,065 SqFtAbove Grade Finished SqFt2,065 SqFtLot Size3,903 SqFtStyleQuadraplexYear Built1948ZoningSGR3YYCountyLOS ANGELESAPN6216-029-005
Schools near 8994 McNerney Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Aspire Firestone Academy CharterK to 5 | ||
Southeast Middle School Public6 to 8 | ||
South Gate Middle School Public6 to 8 | ||
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.
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