CA > South Gate
South Gate, CA 90280,8601 Chestnut Avenue
South Gate, CA 90280,8601 Chestnut Avenue
South Gate, CA 90280,8601 Chestnut Avenue
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$900,000
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6 BD
4 BA
4,813 Sqft Lot
Contingent

8601 Chestnut Avenue South Gate, CA 90280

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

10/04/2024 11:47 AM

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

HOA Y/N No

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

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $89

Acceptable Financing Cash

Space Rent $4,490

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by WILLIAM BARKER • WILLIAM BARKER REAL ESTATE

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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8601 Chestnut Avenue

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