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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

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
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 -
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3
R3
  • Listing ID: 33942634

  • Date on Market: 20/11/2024

  • Last Updated:

  • Address: 13636 Garfield Ave, South Gate, CA 90280

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