South Gate, CA 90280,8121 Madison Avenue
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South Gate, CA 90280,8121 Madison Avenue
South Gate, CA 90280,8121 Madison Avenue
South Gate, CA 90280,8121 Madison Avenue
South Gate, CA 90280,8121 Madison Avenue

$1,100,000

Est. payment /mo

$1,100,000

Est.Price: ?

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8121 Madison Avenue South Gate, CA 90280

6 Beds

SOLD DATE : 05/16/2024

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24014408

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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MLS Router / San Diego MLS
Listed by Sergio Aguirre Taurus Realty Group
Bought with Sergio Aguirre Taurus Realty Group
Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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