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.
Sold for $875,000 on 11/07/24
Listing Provided by:
WILLIAM BARKER DRE #01404206 714-267-4278,
WILLIAM BARKER REAL ESTATE
Bought with: Century 21 A Better Service
$875,000
8601 Chestnut Ave, South Gate, CA 90280
24beds
16baths
2,668sqft
Quadruplex
Built in 1958
-- sqft lot
$846,500 Zestimate®
$328/sqft
$1,891 Estimated rent
Home value
$846,500
$762,000 - $940,000
$1,891/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 06:15pm
Listing Provided by:
WILLIAM BARKER DRE #01404206 714-267-4278,
WILLIAM BARKER REAL ESTATE
Bought with:
Judy Sarinana, DRE #01361158
Century 21 A Better Service
Source: CRMLS,MLS#: CV24118340
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 16
Cooling
- None
Appliances
- Laundry: None
Features
- Laminate Counters, Unfurnished
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls,End Unit
Interior area
- Total structure area: 2,668
- Total interior livable area: 2,668 sqft
Property
Parking
- Total spaces: 6
- Parking features: Asphalt, Driveway, Paved
- Uncovered spaces: 6
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Front of units
- Pool features: None
- Spa features: None
- Fencing: Chain Link
- Has view: Yes
- View description: None
Lot
- Size: 4,813 sqft
- Features: Corner Lot, Street Level
Details
- Parcel number: 6204015034
- Zoning: SGR3YY
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mid-Century Modern
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Rolled/Hot Mop
Condition
- Fixer
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: South Gate
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2025 | Listing removed | $1,985$1/sqft |
Source: CRMLS #DW25090376 | ||
| 4/24/2025 | Listed for rent | $1,985-5.5%$1/sqft |
Source: CRMLS #DW25090376 | ||
| 4/1/2025 | Listing removed | $2,100$1/sqft |
Source: CRMLS #DW25004346 | ||
| 1/21/2025 | Listed for rent | $2,100$1/sqft |
Source: CRMLS #DW25004346 | ||
| 11/7/2024 | Sold | $875,000-2.8%$328/sqft |
Source:  CRMLS #CV24118340 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,567 +18.2% | $875,000 +19.3% |
| 2024 | $9,787 +395.4% | $733,715 +865.7% |
| 2023 | $1,975 +3.3% | $75,978 +2% |
Find assessor info on the county website
Neighborhood: 90280
Nearby schools
GreatSchools rating
- 8/10Willow ElementaryGrades: K-5Distance: 0.3 mi
- 5/10Southeast Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10South Gate Senior High SchoolGrades: 9-12Distance: 0.6 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$846,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$846,500