8121 Madison Avenue, South Gate, CA 90280
Property
Sold May 2024
Listing Agent: Sergio Aguirre (DRE #02164323) · Listing Office: Taurus Realty Group · Contact: 714-715-3754 · Bought with: Sergio Aguirre · Taurus Realty Group · MLS #PW24014408 · Source: CRMLS
About this property
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.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history