$625,000
$648,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
8932 State ST South Gate, CA 90280
5,588 Sqft Lot
Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD21081561
Sold Date 04/04/22
HOA Y/N No
Year Built 1946
Lot Size 5,588 Sqft
Lot Dimensions Assessor
Property Description
We are pleased to present a 3-unit retail & workshop property, located in the City of South Gate on State Street near the large signalized intersection of State Street and Firestone Boulevard. This property presents a rare opportunity to purchase an affordable multi-tenant property that will allow an owner-user to occupy one of the suites and rent out the rest of the units to generate income.
The property is approximately 2,030 square feet in size and is situated on nearly 5,600 square foot of land. Each unit is between 600 to 700 square feet, with two retail storefronts units in the front and a workshop unit in the back. There is a driveway which leads from State Street to the parking lot in the rear.
At the present time, the property has one retail unit and the rear workshop unit occupied. All of the tenants are on a month to month lease and are enjoying below market rents.
We ask that you do not disturb the tenants and contact the Listing Agent for additional details.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning NM - Neighborhood Medium
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Total Parking Spaces 7
Building
Lot Description Street Level
Water Public
Others
Tax ID 6210026038
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Dae Young Hur • Keller Williams Larchmont