13636 Garfield Ave
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13636 Garfield Ave
3 Unit Apartment Building Offered at £543,803 at a 5.02% Net Initial Yield in South Gate, CA 90280
Executive Summary
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
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
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £543,803 | Property Type | Residential |
Price Per Unit | £181,268 | Lot Size | 0.15 AC |
Sale Type | Investment | Building Size | 1,648 SF |
Net Initial Yield | 5.02% | Average Occupancy | 100% |
Sale Conditions | 1031 Exchange | Number of Floors | 1 |
No. Units | 3 | Year Built | 1940 |
Price | £543,803 |
Price Per Unit | £181,268 |
Sale Type | Investment |
Net Initial Yield | 5.02% |
Sale Conditions | 1031 Exchange |
No. Units | 3 |
Property Type | Residential |
Lot Size | 0.15 AC |
Building Size | 1,648 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1940 |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 1 | £1,565 | - |
1+1 | 1 | £938.94 | - |
Studios | 1 | £1,213 | - |
1 of 1
Walk Score ®
Very Walkable (72)
zoning
Zoning Code | R3 |
R3 |
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13636 Garfield Ave
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