$1,275,000
$1,325,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
7,792 Sqft Lot
SOLD DATE : 10/03/2022
Key Details
Sold Price $1,275,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22116629
Sold Date 10/03/22
Bedrooms 8
HOA Y/N No
Lot Size 7,792 Sqft
Property Description
We are pleased to offer for sale this 6 unit multi-family investment for sale in the city of South Gate. Comprised of 4 separate structures, the unit mix consists of; 2 detached single story cottage style units both of which are 2Bed/1Bath, two additional 2Bed/1Bath units which are situated above the garage parking, 1(1Bed/1Bath) unit and 1 Studio apartment. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy both garage and onsite open space parking. Offered at a 4.89% CAP Rate and 13.57GRM, this investment is priced to sell and offers significant upside for the next investor.
We are pleased to offer for sale this 6 unit multi-family investment for sale in the city of South Gate. Comprised of 4 separate structures, the unit mix consists of; 2 detached single story cottage style units both of which are 2Bed/1Bath, two additional 2Bed/1Bath units which are situated above the garage parking, 1(1Bed/1Bath) unit and 1 Studio apartment. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy both garage and onsite open space parking. Offered at a 4.89% CAP Rate and 13.57GRM, this investment is priced to sell and offers significant upside for the next investor.
Location
State CA
County Los Angeles
Area South Gate (90280)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash
Space Rent $1,701
Listing Terms Cash
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Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY