South Gate, CA 90280,8121 Madison Avenue
$1,100,000
Est. payment /mo
$1,100,000
Est.Price: ?

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3,819 SqFt
SOLD DATE : 05/16/2024

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,819 sqft

Price per Sqft $288

MLS Listing ID CRPW24014408

Sold Date 05/16/24

HOA Y/N No

Year Built 1950

Lot Size 9,025 Sqft

Acres 0.21

Property Sub-Type Other

Property 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.

Location

State CA

County Los Angeles

Area Listing

Zoning SGR3

Interior

Fireplace No

Laundry Laundry Room, See Remarks

Building

Lot Description Level, Other, Front Yard

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 6211010005

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Bridge MLS
Listed by Sergio Aguirre • Taurus Realty Group
Bought with SergioAguirre

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