Bought with Judy Sarinana • Century 21 A Better Service
$875,000
$900,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
8601 Chestnut Avenue South Gate, CA 90280
2,668 SqFt
Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,668 sqft
Price per Sqft $327
MLS Listing ID CRCV24118340
Sold Date 11/07/24
HOA Y/N No
Year Built 1958
Lot Size 4,813 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
Don't miss this great investment opportunity located on a corner location in the city of South Gate. The building consists of two 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units. The building has an unused room that previously was used as a laundry room. This can be converted back fairly easily to increase revenue. The parking is open on the side and in the back of the building with plenty of room for at least 6 cars. The current rents are under market due to the Covid restrictions but are being increased to try to get them to market rate. A little work and updating can make this into great investment.
Location
State CA
County Los Angeles
Interior
Cooling No Air Conditioning
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Corner Lot, Other
Water Public
Read Less
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