8916 Cypress Ave
South Gate, CA 90280
Contact For Estimate

8916 Cypress Ave
South Gate, CA 90280

  • 13,634 sqft
  • 0.41 acres lot size
  • Multi-Family
Off Market · Public Record
Contact For Estimate
8916 Cypress Ave
  • See the local terrain and how close this home is to parks and main streets.

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  • Take a virtual walk around the neighborhood.

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  • 2 Middle Schools

    1 High School

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  • Lowest crime relative to the rest of Los Angeles county.

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  • 90% of residents commute by car.

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  • 117 Restaurants

    20 Grocery stores

    11 Nightlife

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  • Get a feel for the community.

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • Built in 1953
  • 0.41 acres lot size
  • 13,634 sqft
Description

This property is no longer available to rent or buy. This description is from April 05, 2012
Pleased to present the Cypress Apartments; a 22+1 unit apartment building located at 8916-20 Cypress Ave, South Gate. The subject property has a very attractive unit mix comprised of nineteen 1 Bed/1 Bath units, three Single/1 Bath units, and one non-conforming 1 Bed/1 Bath unit. Historically, this investment opportunity has had very low turnover, offers great cash flow as it is being offered at an 8.5 GRM, and currents rents offer additional upside. As most experienced investors know, South Gate is known for its strong rental market and high rent. Each unit is separately metered for gas and electricity. As an added benefit, tenants enjoy the building's ample parking supplied by twenty-two (22) garages and additional on-site parking. Contact listing agents for a full marketing package. TENANTS ARE NOT AWARE OF THE SALE. PLEASE DO NOT WALK ON THE PROPERTY. DRIVE BY ONLY.

Price History
Date
Price
Event

10/30/2015
$2,600,000
Sold
Recording Date
10/30/2015
Contract Date
09/15/2015
Sale Price
$2,600,000
Price Type
Sales Price or Transfer Tax rounded by county prior to computation. Varies by county.
County Transfer Tax
$2,860
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

09/14/2012
$1,600,000
Sold
Recording Date
09/14/2012
Contract Date
08/24/2012
Sale Price
$1,600,000
Price Type
Full amount computed from Transfer Tax or Excise Tax.
County Transfer Tax
$1,760
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

02/28/2012
$1,750,000
Posting removed

12/10/2011
$1,750,000
Listed for sale

Property Taxes and Assessment
Year
2017
Tax
$35,374.88
Assessments
$2,652,000
Land
$1,326,000
Improvements
$1,326,000
Total
$2,652,000
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 90280
$450,158
83% below sold price
Median Sale Price for 90280
$407,500
84% below sold price
Average Sale price/sqft for 90280
$343/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
3.96
Multi-Family
$2,240,000
08/11/17
10
10
10,400
9.38
Multi-Family
$3,350,000
10/11/17
-
-
25,775
8.3
Multi-Family
$2,500,000
06/09/17
-
15
8,675
7.38
Multi-Family
$3,275,000
06/13/17
-
-
13,083
6.8
Multi-Family
$2,450,000
05/19/17
-
14
10,790

Contact Info


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