9723 Mallison Avenue, South Gate, CA 90280
Property
Sold May 2023
Listing Agent: Nicholas Petrosian (DRE #01462598) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: OUT OF AREA · OUT OF AREA · MLS #23245393 · Source: CRMLS
About this property
9723 Mallison Avenue is a 7-unit upgraded multifamily investment asset sitting on a quiet tree lined street in the highly desirable rental market of South Gate. This property has undergone an extensive rehab, with over $400,000 in recent capital improvements. Some of the improvements include (2) one bedroom ADU's, upgraded interiors with upgraded plumbing and electrical, new dual pane vinyl windows, new roof, new drought resistant landscaping and exterior paint. Furthermore, the current loan in the amount of $1,073,709 at 2.98% fixed until August 2026 is assumable. The subject property represents a tremendous opportunity for an investor to acquire an easy to manage turnkey building that generates excellent cash flow starting day 1.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history