Three-Unit Residential
3062 Ardmore, South Gate, CA 90280
For Sale
$939,900
The three residences are occupied, with each household responsible for its utilities except water.
Property Size3,304 SF
Price / SF$284.47
Days on Market279
Property Features for 3062 Ardmore
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Equity Smart Real Estate Services
Listed By:
Hector Benavidez · License #01337609
(323) 702-5722
Source:
Eliterepresentation
Added: Feb 4
Changed: Nov 8
Last Checked: Nov 8 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Smart Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 1964, this residential triplex contains 3,304 square feet across three tenant-occupied units. The mix includes one residence with three bedrooms and two bathrooms, plus two residences with two bedrooms and one bathroom each. The property is offered in its current condition, with no seller repairs or credits. All systems are electric; there is no gas service. Tenants pay their own utilities, while water is excluded from that arrangement.
A washer and laundry room are present, but the laundry equipment is not operational. Shopping centers, parks, schools, and churches are identified in the surrounding area.
A washer and laundry room are present, but the laundry equipment is not operational. Shopping centers, parks, schools, and churches are identified in the surrounding area.
Key Highlights
- 3,304‑square‑foot triplex built in 1964
- Three‑bedroom, two‑bath unit plus two units with two bedrooms and one bath each
- All three units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,700
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,000
$1.2M
Cap Rate 7%
$824,286
$824.3K
Cap Rate 9%
$641,111
$641.1K
Market Conditions
NOI Build-Up for 3,304 SF
Gross rent
$89.2K $27.00/SF
− Vacancy
−$6.8K −$2.05/SF
EGI
$82.4K $24.95/SF
− OpEx
−$24.7K −$7.48/SF
NOI
$57.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,000
Cap Rate 7%
$824,286
Cap Rate 9%
$641,111
Alternative Uses
Best Use
Multifamily LT 5
$824.3K
$721.3K – $961.7K
NOI $57,700 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$759.5K
$664.6K – $886.1K
NOI $53,164 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,826 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 90280, CA
92,678
Population
25,395
Households
3.6
Avg Household Size
34
Median Age
12%
College-Educated
59%
High-School Grad
7.4 sq mi
ZIP Area
12,524
Density / Sq Mi
$71,379
Median Household Income
$34,547
Median Earnings
$1,471
Median Rent
$608,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Los Angeles County, CA
Properties on Market for Triplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The three residences are occupied, with each household responsible for its utilities except water.
Where is this triplex located?
The property is located at 3062 Ardmore South Gate, CA.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: 3,304‑square‑foot triplex built in 1964; Three‑bedroom, two‑bath unit plus two units with two bedrooms and one bath each; All three units are tenant‑occupied
