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    11919 Garfield Ave South Gate, CA 90280

    • Turn key restaurants
    • 1,344 SF
    • 0.25 lot acres
    For Sale
    View listing
    $1,098,900
    Last Sale
    Mar 15, 2024
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6457953
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Birrieria Guadalajara / Mexican Restaurant

    Property Details for 11919 Garfield Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    1,344 SF
    Zone code
    SGC3*
    Property type
    Turn key restaurants
    APN
    6243-009-037
    APU
    6243009037

    Description

    Exceptional investment opportunity: Birrieria Guadalajara, a thriving restaurant located at 11919 Garfield Ave, South Gate, CA 90280. This 1,344 square foot retail property sits on a 0.25-acre lot and is priced at $1,100,000 ($818.45/sq ft). Built in 1962, the building benefits from recent improvements including a renovated parking lot, upgraded lighting, and a reliable roof. Currently operating at 100% occupancy with a single tenant under a modified lease with 20 years remaining, this presents a stable income stream. The property is zoned SGC3*, allowing for versatile commercial use. Located in a high-traffic area of South Gate, within Los Angeles County, this property offers strong demographics and significant potential for future growth. The current tenant is willing to remain, ensuring continued revenue generation. This is a rare opportunity to acquire a well-maintained, income-producing restaurant in a desirable location. The property's strong financials and long-term lease make it an attractive investment for discerning buyers seeking a stable and profitable asset. This turnkey operation is ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,510,000
      Market price range: $365k - $1.51M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Gate
    County
    Los Angeles
    State
    California
    Longitude
    -118.169
    Latitude
    33.9182
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,721
    $780,300
    $260,100
    $1,040,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      8527 Long Bch Blvd

      RESTAURANT • 680 SF
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    • Value Estimation
      $2,270,000
      4,098 SF

      3905 Tweedy Blvd

      RESTAURANT • 4,098 SF
      3905 Tweedy Blvd, South Gate, CA 90280-6119
      View Details
    • Value Estimation
      $235,000
      1,520 SF

      4800 Firestone Blvd

      RESTAURANT • 1,520 SF
      4800 Firestone Blvd, South Gate, CA 90280-3417
      View Details
    • Value Estimation
      $255,000
      1,099 SF

      4600 Firestone Blvd

      RESTAURANT • 1,099 SF
      4600 Firestone Blvd, South Gate, CA 90280-3402
      View Details
    • Value Estimation
      $245,000
      587 SF

      5141 Imperial Hwy

      RESTAURANT • 587 SF
      5141 Imperial Hwy, South Gate, CA 90280-7156
      View Details

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      South Gate Restaurant Opportunity

      Freestanding restaurant building on a large lot in South Gate.
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    Similar Nearby for Lease

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      South Gate Retail Space Available

      Retail, medical, or office space for rent in South Gate.
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      South Gate Warehouse with Yard

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      Imperial Hwy Office Suites

      South Gate Office Space: 750-2000 SF Available
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    • Contact for pricing
      900 SF

      Tweedy Mile Storefront for Lease

      Retail space on Tweedy Mile with high visibility and foot traffic.
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      View Details
    • $2 SF/Yr
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      Retail Space Available For Rent

      Retail property with 11,029 square feet available for lease.
      12222 Garfield Ave, South Gate, CA 90280
      View Details
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    South Gate, CA 90280
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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