13636 Garfield Ave - Multi-Family FOR SALE


South Gate, CA 90280
$695,000 USD
562-305-0788
13636 Garfield Ave, South Gate, CA for Sale
$695,000 USD
Multi-Family - FOR SALE
1/3
null | 5.02% Cap Rate

13636 Garfield Ave
South Gate, CA 90280


OVERVIEW

This property, designated as a Single Family Residence, includes a permitted commercial unit currently used as a residential studio apartment. The main house features 1 bedroom, 1 bath, a remodeled kitchen, updated bathroom, and newer flooring, rented for $2,000/month with a single-car garage. An attached 1-bedroom, 1-bath unit with a kitchenette and separate entrance rents for $1,200/month, while the studio unit, repainted in December 2023, rents for $1,550/month. The property generates $4,750/month total, with a market value estimated at $855,000 using a conservative GRM of 180. Recent upgrades include plumbing, a new water heater, and an updated electrical panel. Additional features include a front porch, rear patio, perimeter block walls, and a driveway for three cars. The city has updated the zoning for this property and surrounding areas to Hollydale Mixed Use -1 (HMU1), allowing up to 20 units per acre or 30 with a density bonus. The South Gate Planning Department confirms that ADUs are permitted, enabling conversion of the garage and commercial space into an attached ADU or JADU. The property can have one JADU (up to 500 sq. ft.) and one ADU, with attached ADUs limited to 50% of the primary residence’s size and

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

3

PRICE/UNIT

$231,667

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

6242-001-008

ASK ABOUT THIS PROPERTY

Gil LegaspiLegaspi Commercial, IncMore Info
562-305-0788

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Gil LegaspiLegaspi Commercial, IncMore Info
562-305-0788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.