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Sold for $875,000 on 11/07/24
  • Listing Provided by: 

    WILLIAM BARKER DRE #01404206 714-267-4278,

    WILLIAM BARKER REAL ESTATE

    $875,000

    8601 Chestnut Ave, South Gate, CA 90280

    --beds
    --baths
    2,668sqft
    Quadruplex
    Built in 1958
    -- sqft lot
    $859,500 Zestimate®
    $328/sqft
    $1,954 Estimated rent

    What's special

    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.

    Zillow last checked: 7 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#: CV24118340MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    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
    Services availability
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    Estimated market value

    $859,500