About 8601 Chestnut Avenue
Don't miss this great investment opportunity located on a corner location in the city of South Gate. The building consists of two 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units. The building has an unused room that previously was used as a laundry room. This can be converted back fairly easily to increase revenue. The parking is open on the side and in the back of the building with plenty of room for at least 6 cars. The current rents are under market due to the Covid restrictions but are being increased to try to get them to market rate. A little work and updating can make this into great investment.
Features of 8601 Chestnut Avenue
| MLS® # | CV24118340 |
|---|---|
| Price | $900,000 |
| Bathrooms | 0.00 |
| Acres | 0.11 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Mid-Century Modern |
| Status | Pending |
Community Information
| Address | 8601 Chestnut Avenue |
|---|---|
| Area | T4 - South Gate E of 710 |
| City | South Gate |
| County | Los Angeles |
| State | CA |
| Zip Code | 90280 |
Listing Map
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | Driveway, Asphalt, Paved |
| Garages | Driveway, Asphalt, Paved |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Laminate Counters, Unfurnished |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Corner Lot, Street Level |
| Roof | Rolled/Hot Mop |
| Construction | Stucco |
Additional Information
| Date Listed | June 10th, 2024 |
|---|---|
| Days on Market | 35 |
| Zoning | SGR3YY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | William Barker |
|---|---|
| Office | WILLIAM BARKER REAL ESTATE |