$1,975,000
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9723 Mallison Ave South Gate, CA 90280
12 Beds
7 Baths
4,971 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,971 sqft
Price per Sqft $397
MLS Listing ID 23-245393
Bedrooms 12
Year Built 1956
Lot Size 8,632 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area Cudahy, South Gate W Of 710, Hunt Pk S Of Florence
Zoning SGR3YY
Rooms
Other Rooms Accessory Dwelling Unit
Interior
Heating Wall
Cooling None
Equipment None
Laundry None
Exterior
Garage Driveway
Garage Spaces 4.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with OUT OF AREA