South Gate, CA 90280,8651 Virginia Avenue
South Gate, CA 90280,8651 Virginia Avenue
South Gate, CA 90280,8651 Virginia Avenue
$1,030,000
Est. payment /mo
$1,100,000
6.4%
Est.Price: ?

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4 Beds
4 Baths
5,828 Sqft Lot
SOLD DATE : 01/10/2023

Key Details

Sold Price $1,030,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW22214496

Sold Date 01/10/23

Bedrooms 4

HOA Y/N No

Lot Size 5,828 Sqft

Property Description

South Gate Four-plex with lots of opportunity! Excellent location near schools, shopping and restaurants has kept this long-time rental property very desirable. Upside rental potential. Live in one unit and let the rents pay your mortgage while you build equity. Or consider the development opportunity of a generous-sized lot. Current tenants are on month-to-month leases. Garages are currently rented separately. Property consists of two duplexes, a detached garage with four separate one-car spaces and a community laundry room. Kitchens and bathrooms have been updated recently (new copper in all vertical plumbing) and several units have semi-private patio areas. Seller is CA Real Estate Broker.
South Gate Four-plex with lots of opportunity! Excellent location near schools, shopping and restaurants has kept this long-time rental property very desirable. Upside rental potential. Live in one unit and let the rents pay your mortgage while you build equity. Or consider the development opportunity of a generous-sized lot. Current tenants are on month-to-month leases. Garages are currently rented separately. Property consists of two duplexes, a detached garage with four separate one-car spaces and a community laundry room. Kitchens and bathrooms have been updated recently (new copper in all vertical plumbing) and several units have semi-private patio areas. Seller is CA Real Estate Broker.

Location

State CA

County Los Angeles

Area South Gate (90280)

Zoning Estimated

Building

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Monthly Total Fees $87

Acceptable Financing Cash, Conventional

Space Rent $1,500

Listing Terms Cash, Conventional

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San Diego Regional MLS (SDMLS)
Listed by Lawrence Montero • Montero Properties & Investments
Bought with Gloria Cervantes • Realty One Group United
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