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Key Details
Sold Price $1,975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,971 sqft
Price per Sqft $397
MLS Listing ID 23245393
Sold Date 05/09/23
Bedrooms 12
HOA Y/N No
Year Built 1956
Lot Size 8,633 Sqft
Acres 0.1982
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 T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGR3YY
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Garage Driveway
Parking Type Driveway
Total Parking Spaces 4
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 6203022031
Special Listing Condition Standard
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Bought with OUT OF AREA • OUT OF AREA
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