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Real Living Pacific Realty
(800)660-9140

8685 Chestnut Avenue, SOUTH GATE CA, 90280

(Closed)
Sold Price:
$910,000
Date:12/31/2013
|
4,896 sqft
|
MLS# SR13115414
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Listing Provided Courtesy Of: Keller Williams Encino-Sherman Oaks
Last Updated: 4/16/2014 3:44 PM
Description for 8685 Chestnut Avenue SOUTH GATE, CA 90280
Reduced $60,000, "As Is Sale", no rent control, huge upside in rents, market rents in the area for 2 bedroom is $1200. Room to increase rents by $1,120 a month or $13,440 a year. 13.61% Cash on Cash return on market rents. All windows were changed per owner. The property was built in 1929 and is set on a 9,603 sq.ft (per assessor) lot. The units have varying floor plans and amenities. Country records reflect Eight units 1 Bedroom/1 Bath each, subject has eight units with six 2 bedrooms/ 1 bath and two 1 bedroom/ 1 bath. Buyer to rely on their own investigation.Marketing Package and Rent Roll attached.
Price
Sold Price:
$910,000
Sold Date:12/31/2013
Los Angeles
4,896 (approx)
SR13115414
Closed
Description
Reduced $60,000, "As Is Sale", no rent control, huge upside in rents, market rents in the area for 2 bedroom is $1200. Room to increase rents by $1,120 a month or $13,440 a year. 13.61% Cash on Cash return on market rents. All windows were changed per owner. The property was built in 1929 and is set on a 9,603 sq.ft (per assessor) lot. The units have varying floor plans and amenities. Country records reflect Eight units 1 Bedroom/1 Bath each, subject has eight units with six 2 bedrooms/ 1 bath and two 1 bedroom/ 1 bath. Buyer to rely on their own investigation.Marketing Package and Rent Roll attached.
Listing Information
Property Type: Multi-Family
9,603 Sq. Ft. Public Records 4,896 (approx)
$185.87 1929
Public, Water District
Unknown
8 Total
Neighborhood
Room Information
None
Interior Features
Garbage Disposal
Ceramic Tile, Carpet - Partial
Window/Wall Unit
Wall Unit
Exterior / Lot Features
4 Carport Spaces, 6 Parking Spaces
None
No Pool
Sidewalks
Financial Considerations
6204016012
$9,862
2012
Cash, Cash To New Loan, Conventional
Income ,$28,888
95160.0000
Semi Annually
Listing Price History

SOUTH GATE Real Estate

SOUTH GATE is located in California. SOUTH GATE, California 90280 has a population of  94,396.

The median household income in SOUTH GATE, California 90280 is $42,590. The median household income for the surrounding county is $52,874 compared to the national median of $50,935. The median age of people living in SOUTH GATE 90280 is 29.4 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Keller Williams Encino-Sherman Oaks Anie Mayelian
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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