8601 Chestnut Avenue Contingent Save Request In-Person Tour Request Virtual Tour
South Gate,CA 90280
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CV24118340
Bedrooms 6
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.
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 South Gate (90280)
Zoning Public Rec
Exterior
Exterior Feature Stucco
Roof Type Rolled/Hot Mop
Building
Lot Description Corner Lot,Sidewalks
Story 2
Others
Monthly Total Fees $89
Acceptable Financing Cash
Space Rent $4,490
Listing Terms Cash