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Key Details
Sold Price $785,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW15254451
Sold Date 06/28/16
HOA Y/N No
Year Built 1928
Lot Size 6,229 Sqft
Property Description
Great 8 unit apartment building n the heart of South Gate. Unit Mix is 7 at 1 bedroom 1 bath units and 1 single. Good rental upside on this deal, rents are under market. Solid 10.5 GRM and a 5.6% cap rate with a market cap closer to 6.7%.
Location
State CA
County Los Angeles
Area T4 - South Gate E Of 710
Interior
Fireplace No
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 6209020035
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Jaime Bermeo • Keller Williams Pacific Estate
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692