9832 Pinehurst Avenue

South Gate, CA 90280

$2,950,000
Last Sold Price
8
Beds
15
Baths
10,508 Sq. Ft.
$281 / Sq. Ft.
10,508
Sq. Ft.
$281
per Sq. Ft.

Description

We are 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....We are 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.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 9832 Pinehurst Avenue

Parking Spaces Total
16
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10508
Assessor Parcel Number
6222-027-021
Property Attached YN
true

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Sold By RE/MAX TIME REALTY, Julian Ongpin, DRE #02030405

Add your commute
LISTING UPDATED: 09/24/2022 07:27 AM

Property Details for 9832 Pinehurst Avenue

StatusClosed
MLS #PW22106452
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.33 AC / 14,263 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Sold By RE/MAX TIME REALTY, Julian Ongpin, DRE #02030405

Add your commute

Building Information for 9832 Pinehurst Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.33 AC / 14,263 SF

Payment Calculator

$19,249 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,099

Property Taxes

$3,150

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9832 Pinehurst Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $153,364
  • Gross Scheduled Income: $156,264
  • Vacancy Allowance: 4688
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $80,169
  • Laundry Income: $1,788
Expense Details
  • Operating Expense: $73,195
  • New Taxes Expense: $41,250
  • Fuel Expense: $1,800
  • Electric Expense: $1,800
  • Insurance Expense: $3,678
  • Professional Management Expense: $7,667
  • Trash Expense: $1,800
  • Water Sewer Expense: $1,800
  • Total Expenses: $73,195
Tax / Assessment Info
  • Tax Tract Number: 1471
  • Tax Census Tract: 5361.03
  • CFD/Mello-Roos Fee: $2,632
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 16
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $984
  • Unit Type Total Rent: $7,872
  • Unit Type Pro Forma: 1495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,475
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 2395
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 9832 Pinehurst Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 9832 Pinehurst Avenue

Taxable ValueLand$1,700,000Additions$1,250,300Total$2,950,300
Tax Record2023$37,805 ($3,150 / month)
Home Facts
Total Finished SqFt10,508 SqFtAbove Grade Finished SqFt10,508 SqFtLot Size14,263 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningSGR3YYCountyLOS ANGELESAPN6222-027-021

Schools near 9832 Pinehurst Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Tweedy Elementary School
PublicK to 5

South Gate Middle School
Public6 to 8

Southeast 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.

Similar Homes

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Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

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.