South Gate, CA 90280,8601 Chestnut Avenue
South Gate, CA 90280,8601 Chestnut Avenue
South Gate, CA 90280,8601 Chestnut Avenue
Listed by WILLIAM BARKER • WILLIAM BARKER REAL ESTATE
$875,000
Est. payment /mo
Est.Price: ?

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2,668 SqFt
SOLD DATE : 11/07/2024

Key Details

Sold Price $875,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 2,668 sqft

Price per Sqft $327

MLS Listing ID CV-24118340

Style Mid Century Modern

Year Built 1958

Lot Size 4,813 Sqft

Property Description

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. A little work and updating can make this into great investment.

Location

State CA

County Los Angeles

Zoning SGR3YY

Interior

Cooling None

Fireplaces Type None

Laundry None

Exterior

Parking Features Paved, Asphalt, Driveway

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Corner Lot, Level with Street

Sewer Public Sewer

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Paul Ward

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Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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