South Gate, CA 90280,8121 Madison AVE
South Gate, CA 90280,8121 Madison AVE
South Gate, CA 90280,8121 Madison AVE
$1,100,000
Est. payment /mo
$1,100,000
Est.Price: ?

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9,025 Sqft Lot
SOLD DATE : 05/16/2024

Key Details

Sold Price $1,100,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24014408

Sold Date 05/16/24

HOA Y/N No

Year Built 1950

Lot Size 9,025 Sqft

Property Description

6-Unit Apartment Complex. Great Investment or Owner-User opportunity in the City of South Gate. The subject property consists of 6 multi-family units with a mix of (1) 3 bed/2 bath front house w driveway/garage parking, (4) 1 bed/1 bath units w/garage parking, and (1) studio unit w/garage parking. Each unit is separately metered for gas and electricity, and the landlord is responsible for paying only water and trash. The Property is 100% occupied with an annual gross income of $92,112. Potential of converting the existing laundry room or garages into additional Accessory Dwelling Unit/s (ADUs). Non-Rent Control Area. Close to schools, restaurants, shopping centers, and entertainment options - just blocks from Azalea Shopping Center which hosts Walmart Supercenter, Starbucks, Dunkin Donuts, Tierra Mia Coffee, In-N-Out, TGI Fridays, Wing Stop, and more, making this a great buy! Centrally located between many major freeways: 710, 105, 110, 5, 60, 10. Close to downtown Los Angeles, Dodger Stadium, and Staples Center.

Location

State CA

County Los Angeles

Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore

Zoning SGR3YY

Interior

Fireplaces Type Living Room

Fireplace Yes

Laundry Laundry Room, See Remarks

Exterior

Garage Door-Single, Garage, Public

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Park, Street Lights, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard, Lawn, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6211010005

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit

Financing Cash

Special Listing Condition Trust

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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Sergio Aguirre • Taurus Realty Group • 714-715-3754
Bought with Sergio Aguirre • Taurus Realty Group

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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