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$1,100,000
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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.
Full Property Details
Full Property Details for 8121 Madison Ave
General
- Sold For: $1,100,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW24014408
- Added to Site: 338 day(s) ago
Interior
- Fireplace(s): Living Room
Rooms
Other Rooms
- Laundry: Individual Room, See Remarks
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
- Parking Features: Garage (Single Door), Public
- Parking: Garage (Single Door), Public
Location
- Area: T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
- County: Los Angeles
- Development Name: T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
- Driving Directions: State Street, go west on Santa Ana St, go south on Madison Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Entry Location: Front Door/Driveway
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,819
- Year Built: 1950
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.2072
- Lot Size Source: Assessor
- Zoning: SGR3YY
- Lot Description: Front Yard, Lawn, Level with Street
Financial Considerations
- Price Per Sq. Ft.: $288.03
- Price Per Unit: 183333
Listed and Sold by Taurus Realty Group, Sergio Aguirre and Taurus Realty Group, Anna Aguirre
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Schools
Schools serving 8121 Madison Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3211 Santa Ana St, South Gate, CA 90280 | K-5 | 0.1 mi | |
7500 Marbrisa Ave, Huntington Pk, CA 90255 | 6-8 | 1.2 mi | |
5225 Tweedy Blvd, South Gate, CA 90280 | 6-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8121 Madison Ave
Date
Details
Price
Change
Source
5/16/2024
Sold
$1,100,000
—
MLS
1/23/2024
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8121 Madison Avenue, South Gate, CA 90280 (MLS# PW24014408) is a Multi-Family property that was sold at $1,100,000 on May 16, 2024. Want to learn more about 8121 Madison Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Gate? You can browse all South Gate real estate or contact a Coldwell Banker agent to request more information.