This property is currently designated as a Single Family Residence; however, it features a permitted commercial unit that is currently utilized as a residential studio apartment. The SFR is set up to allow the main house to be split into two units by locking the door to a rear bedroom… Read More and bathroom. This is how the property has been configured for the past several years. The property has a gross building area of 1,685 square feet, with a net gross livable area of 1,561 sq ft. The subject site is 6,359 sq ft (.15 acres). The house features 1 bedroom and 1 bath, with a large remodeled kitchen, an updated bathroom, and newer carpets and flooring. The house is presently rented for $2,000 per month, which includes a single-car garage. Attached to the main house is a 1 bedroom and 1 bath unit with a living room and kitchenette. The unit is accessed by a separate entrance at the rear of the house, and it presently rents for $1,200 per month. There is a laundry room and rear entry between the front house and the studio unit. The studio unit was repainted in December 2023. Features include laminate hardwood flooring, along with a kitchenette that has room for a full-sized refrigerator and stove/oven. The studio rents for $1,550 per month. There is a front covered porch, a rear covered patio, rear perimeter concrete block walls, and a concrete driveway with space for three cars. The total rent is $4,750 per month. The South Gate Planning Department has confirmed that ADU’s can be constructed on this property. They will allow the “permitted garage and permitted commercial space to be converted into either an attached ADU or JADU is acceptable.” Read Less
Property listed by Realty Executives Com. & Res., Jerry Mercado 626-205-8539
Listing Snapshot
Days Online
35
Last Updated
Property Type
Duplex
Lot Size
0.15 Acres
Year Built
1940
MLS Number
DW24236364
30 Days Snapshot Of 90280
$751k
+1%
(avg) sold price
2
-77%
homes sold
45
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Building area total: 1,648, 1 building, Common walls: NoCommonWalls
Community
Urban
Expenses
Electric expense: $4,800, Fuel expense: $720, Gardener expense: $720, Insurance expense: $3,000, Maintenance expense: $1,800, New taxes expense: $8,757, Operating expense: $22,137, Trash expense: $540, Water sewer expense: $1,800
Garage
1 space
Income
Gross income: $57,000, Net operating income: $34,863
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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