8601 Chestnut Avenue, South Gate, CA 90280

$900,000
List Price
$900,000
Status
ACTIVE
MLS#
CV24118340
Year Built
1958
Lot Size
4,813
Acres
0.11
Lot Location
Corner Lot, Street Level
Days on Market
6
Property Type
Multifamily
Style
Mid-Century Modern
Property Sub Type
Quadruplex
Stories
Two Levels

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.

Additional Information

Pool Description
None
Cooling Description
None
View
None
Exterior Construction
Stucco
Roof
Rolled/Hot Mop
Sewer
Public Sewer
Water
Public
Interior Features
Laminate Counters, Unfurnished
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$53,880
Operating Expense
24000

Listing courtesy of Listing Agent: WILLIAM BARKER (Propertybybill@gmail.com) from Listing Office: WILLIAM BARKER REAL ESTATE.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.