Bought with Kristopher German • RE/MAX 2000 REALTY
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,045,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 3,096 sqft
Price per Sqft $337
MLS Listing ID CRCV24034760
Sold Date 09/16/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1962
Lot Size 7,243 Sqft
Property Description
We are pleased to exclusively offer for sale this 4-Unit multi-family investment property in the city of South Gate. The subject property offers one charming 2-bed/1-bath detached cottage, complemented by three additional 2-bed/1-bath units, collectively offering 3,096 square feet of rental space on a generous 7,243 square foot lot. Each unit is thoughtfully designed to maximize space and comfort, ensuring a pleasant living environment for tenants. The property boasts ample onsite parking, including both garage and carport options, addressing a crucial need for urban living, and adding considerable value for tenants. Each unit is separately metered for electricity and gas while the owner pays for water and trash. This arrangement not only limits the investor’s utility costs, but also encourages conservation among tenants, enhancing the property's appeal. An additional highlight is the onsite laundry room, and although currently closed, presents a lucrative opportunity for added income for the next investor. The property stands out with a remarkable 40% upside in rental rates, signaling great potential for growth in rental income.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Building
Water Public
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Get More Information
- San Francisco, CA
- Oakland, CA
- San Diego, CA
- Berkeley, CA
- Palo Alto, CA
- San Jose, CA
- Concord, CA
- Fremont, CA
- Marin, CA
- Santa Clara, CA
- Daly City, CA
- San Ramon, CA
- Hercules, CA
- Vallejo, CA
- Benicia, CA
- Fairfield, CA
- Redwood City, CA
- Richmond, CA
- Atherton, CA
- Alameda, CA
- Hayward, CA
- Pleasanton, CA
- Livermore, CA
- San Leandro, CA
- Vacaville, CA
- Cupertino, CA
- Walnut Creek, CA
- Dublin, CA
- Castro Valley, CA
- Mill Valley, CA
- Tiburon, CA
- Sausalito, CA
- Napa, CA
- American Canyon , CA
- San Rafael, CA
- Mountain View, CA
- Sunnyvale, CA
- Los Gatos, CA
- Tracy, CA
- Brentwood, CA
- Oakley, CA
- Discovery Bay, CA
- Orinda, CA
- Moraga, CA
- Lafayette, CA
- Alamo, CA
- Foster City, CA