South Gate, CA 90280,9723 Mallison AVE
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South Gate, CA 90280,9723 Mallison AVE
South Gate, CA 90280,9723 Mallison AVE
South Gate, CA 90280,9723 Mallison AVE
South Gate, CA 90280,9723 Mallison AVE

$1,975,000

Est. payment /mo

$1,975,000

Est.Price: ?

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9723 Mallison AVE South Gate, CA 90280

12 Beds

7 Baths

4,971 SqFt

SOLD DATE : 05/09/2023

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

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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features 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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California Regional MLS (CRMLS)
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with OUT OF AREA • OUT OF AREA

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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