South Gate, CA 90280,9301 Atlantic AVE

$3,525,000

Est. payment /mo

$3,625,000

2.8%
Est.Price: ?

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9301 Atlantic AVE South Gate, CA 90280

0.62 Acres Lot

SOLD DATE : 04/30/2014

Key Details

Sold Price $3,525,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW14009218

Sold Date 04/30/14

HOA Y/N No

Year Built 1961

Lot Size 0.618 Acres

Property Description

Drive-by only. Do not enter property without first making an appointment. Manager will report any individuals that enter property as there have been issues with buyer’s trespassing without an appointment.
The property sits directly adjacent to one of the city’s newest housing developments on Park Avenue and Park Place, as well as the 96-acre South Gate Park which is the recreational epicenter of the city. There is also new commercial development planned directly across the street along Atlantic Boulevard, which is expected to further revitalize the area and bring additional employment. The property features a swimming pool, securitized access and parking, new air conditioning units and laundry facilities. Most of the unit interiors have been remodeled under the current ownership, and the property features copper plumbing. The roof has also been replaced along with the two 100-gallon water heaters. This leaves simple exterior cosmetic improvements for a new owner to add value with and increase rents. The property was built in 1961 and has had the same owner for the past 13 years. Parking consists of open parking in the rear of the property with ample additional parking along Atlantic Avenue.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Exterior

Pool Community

Community Features Curbs, Pool

Utilities Available Sewer Available

Total Parking Spaces 30

Private Pool Yes

Building

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Tax ID 6222025016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Doug Rodermund • Morgan Skenderian
Bought with Paul Calvo • Paul Calvo

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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