8601 CHESTNUT AVE SOUTH GATE, CA 90280

Features

• Price/sqft: $337
• Lot Size: 4813 sq. ft.
• Total Units: 4
• Total Rooms: 9
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
• Construction Type: Wood

Facts

• Year Built: 01/01/1958
• Property ID: 890032445
• MLS Number: CV24118340
• Parcel Number: 6204-015-034
• Property Type: Multi-family (5 or more units)
• County: LOS ANGELES
• Legal Description: TRACT # 3233 E 60 FT OF N 80 FT OF LOT/SEC 130
• Zoning: SGR3YY
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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. One unit is currently vacant and will be delivered vacant to new owner. A little work and updating can make this into great investment.