$875,000
$900,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
8601 Chestnut AVE South Gate, CA 90280
4,813 Sqft Lot
Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24118340
Sold Date 11/07/24
Construction Status Fixer
HOA Y/N No
Year Built 1958
Lot Size 4,813 Sqft
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
Area T4 - South Gate E Of 710
Zoning SGR3YY
Interior
Interior Features Laminate Counters, Unfurnished
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Asphalt, Driveway, Paved
Fence Chain Link
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Rolled/Hot Mop
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 6204015034
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard, Trust
Lease Land No
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Bought with Judy Sarinana • Century 21 A Better Service