$800,000
$868,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
3,753 SqFt
SOLD DATE : 12/01/2022
Key Details
Sold Price $800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,753 sqft
Price per Sqft $213
MLS Listing ID 22128917
Sold Date 12/01/22
Bedrooms 2
HOA Y/N No
Year Built 1945
Lot Size 6,716 Sqft
Acres 0.1542
Property Description
Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. Bar (1180sf) and one apartment unit (840sf) currently vacant and may be rented for market rents. Occupied units are on month to month leases and are paying below market rents. Great upside potential for new owner. Property has been in the same family for many years and is now a great opportunity for new management. Retail store (1010sf) rented for $900/mo. Residential unit (805sf) is rented for a total of $1,000 for month. Bar was previously rented for $2000/month and is now vacant. All leases are month to month and verbal agreements. Seller may opt for 1031 exchange. Buyer to cooperate with seller 1031 exchange if necessary. Parking is accessed through a shared driveway. Great opportunity on a street that is marked for development.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGC3*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Garage One Space, Shared Driveway
Pool None
View Y/N No
View None
Parking Type One Space, Shared Driveway
Total Parking Spaces 8
Private Pool No
Building
Faces West
Story 2
Entry Level Multi/Split
Architectural Style Traditional
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6206014012
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Ricardo Borjas • First Family Homes
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "