5214 Mccallum Avenue, South Gate, CA 90280

$1,950,000
List Price
$1,950,000
Status
ACTIVE
MLS#
PW24210857
Year Built
1956
Lot Size
12,634
Acres
0.29
Lot Location
6-10 Units/Acre, Corner Lot
Days on Market
23
Property Type
Multifamily
Property Sub Type
Mixed Use

Property Description

We are pleased to offer this 7-unit multi-family investment property exclusively for sale in the City of South Gate. The property offers three separate buildings on a 12,634-square-foot corner lot with great curb appeal. Each building is metered separately. Building one is a single-family home with three bedrooms and one bath. It has a two-car detached garage, front and back yard, and utility meters, where the tenant pays for water/trash, gas, and electricity. Building two is a duplex and each unit has one bedroom and one bath with an attached single-car garage for each unit, ample front yards, and unit A was rehabbed in 2021. Building three is a two-story fourplex with a small storage room and each unit is equipped with washer and dryer connections with tandem parking for two cars. The property is centrally located and within walking distance to South Gate Park, Tweedy Elementary School, Legacy Visual, Performing Arts High School, the Azalea Regional Shopping Center, and public transportation, and is nearby to the 710 and 105 freeways. Currently, the City of South Gate has no rent control making the property subject to AB 1482 Tenant Protection Act of 2019.

Additional Information

Pool Description
None
Heat
Natural Gas
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$107,712
Operating Expense
40222

Listing courtesy of Listing Agent: Francisco Uriarte (LosArcosProperties@gmail.com) from Listing Office: Los Arcos R.E. and Prop Mgmt.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.