8121 Madison Avenue, South Gate, California 90280
  • $1,100,000

Overview

Property ID: PW24014408
  • Apartment, Residential Income
  • Property Type
  • 6.0
  • Garages
  • 3819 Sqft
  • Area Size
  • 1950
  • Year Built

Description

6-Unit Apartment Complex. Great Investment or Owner-User opportunity in the City of South Gate. The subject property consists of 6 multi-family units with a mix of (1) 3 bed/2 bath front house w driveway/garage parking, (4) 1 bed/1 bath units w/garage parking, and (1) studio unit w/garage parking. Each unit is separately metered for gas and electricity, and the landlord is responsible for paying only water and trash. The Property is 100% occupied with an annual gross income of $92, 112. Potential of converting the existing laundry room or garages into additional Accessory Dwelling Unit/s (ADUs). Non-Rent Control Area. Close to schools, restaurants, shopping centers, and entertainment options – just blocks from Azalea Shopping Center which hosts Walmart Supercenter, Starbucks, Dunkin Donuts, Tierra Mia Coffee, In-N-Out, TGI Fridays, Wing Stop, and more, making this a great buy! Centrally located between many major freeways: 710, 105, 110, 5, 60, 10. Close to downtown Los Angeles, Dodger Stadium, and Staples Center.

  • Address: 8121 Madison Avenue
  • State/county: CA
  • Zip/Postal Code: 90280
  • Country: US

Details

Updated on May 16, 2024 at 3:55 pm
  • Property ID PW24014408
  • Price $1,100,000
  • Property Size 3819 Sqft
  • Land Area 0.2072 Acres
  • Garages 6.0
  • Year Built 1950
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Door-Single, Garage, Public
  • Community Features Curbs, Park, Street Lights, Sidewalks

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