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14901 Gagely Drive, La Mirada, CA 90638
$2,300,000
14901 Gagely Drive, La Mirada, CA 90638View this property at 14901 Gagely Drive, La Mirada, CA 90638
14901 Gagely DriveLa MiradaCA90638
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Property Description
5.4% Current CAP! The Parkside Apartments is nestled at the end of a tranquil cul-de-sac. This property also enjoys a prime location near the bustling retail intersection of Imperial Highway and La Habra Boulevard, making it a prime choice for residents seeking convenience and accessibility.
In addition to its coveted location, The Parkside Apartments are strategically positioned to take full advantage of the high-demand rental market in La Mirada. This city boasts a scarcity of multifamily rental options including the scarcity of 1-bedroom units in the area, which underscores the limited opportunities for those seeking such accommodations. Additionally, the multifamily market's supply constraints have created a unique situation for investors, with few properties available for acquisition in this city. The Parkside Apartments feature an appealing unit mix, consisting of eight 1-bedroom units and one 3-bedroom, 1.75-bath townhome unit. Currently, these units are rented at below-market rates in their existing condition. This presents an exceptional opportunity for a new owner to realize substantial rental income increases without the need for costly physical upgrades.
In summary, The Parkside Apartments offer not only an outstanding location but also the potential for significant financial growth in a rental market with limited options, making it a lucrative investment opportunity for the discerning investor.
Full Property Details
Full Property Details for 14901 Gagely Dr
General
- Sold For: $2,300,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC23203111
- Added to Site: 197 day(s) ago
Interior
- Appliances: Disposal, Gas Oven, Gas Range, Range Hood
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 3
- Parking Features: Assigned, Covered, Garage
- Parking: Assigned, Covered, Garage
Location
- Area: M3 - La Mirada
- County: Los Angeles
- Development Name: M3 - La Mirada
- Driving Directions: North on La Mirada Blvd, West onto Gagely Dr, to 14901 Gagely Drive
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 10
- # Electric Meters: 10
Structural Information
- Foundation: Slab
- Roof: Shingle
- Entry Location: First
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 7,188
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Property View: Courtyard
- Lot Size (Acres): 0.2
- Lot Size Source: Assessor
- Zoning: LMR3*
- Lot Description: 6-10 Units/Acre, Cul-de-Sac
Financial Considerations
- Price Per Sq. Ft.: $319.98
- Price Per Unit: 270000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Mark Bridge, Broker, Mark Bridge
Sold by Nordine Realty, Inc, Vance Nordine
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Schools
Schools serving 14901 Gagely Dr
School District:Norwalk-La Mirada Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
14607 Gardenhill Dr, La Mirada, CA 90638 | K-5 | 0.5 mi | |
13900 Estero Rd, La Mirada, CA 90638 | 6-8 | 1 mi | |
13520 Adelfa Dr, La Mirada, CA 90638 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14901 Gagely Dr
Date
Details
Price
Change
Source
1/23/2024
Sold
$2,300,000
-5.35%
MLS
11/02/2023
Listed
$2,430,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
14901 Gagely Drive, La Mirada, CA 90638 (MLS# OC23203111) is a Multi-Family property that was sold at $2,300,000 on January 23, 2024. Want to learn more about 14901 Gagely Drive? Do you have questions about finding other Multi-Family real estate for sale in La Mirada? You can browse all La Mirada real estate or contact a Coldwell Banker agent to request more information.