$1,100,000
$1,100,000
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8121 Madison AVE South Gate, CA 90280
3,819 SqFt
Key Details
Sold Price $1,100,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,819 sqft
Price per Sqft $288
MLS Listing ID PW24014408
Sold Date 05/16/24
HOA Y/N No
Year Built 1950
Lot Size 9,025 Sqft
Acres 0.2072
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 T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGR3YY
Rooms
Ensuite Laundry Laundry Room, See Remarks
Interior
Laundry Location Laundry Room,See Remarks
Fireplaces Type Living Room
Fireplace Yes
Laundry Laundry Room, See Remarks
Exterior
Garage Door-Single, Garage, Public
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Park, Street Lights, Sidewalks
Parking Type Door-Single, Garage, Public
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Lawn, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6211010005
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Trust
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Bought with Sergio Aguirre • Taurus Realty Group