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    8933 Tope Ave

    South Gate, CA 90280
    • $1,255,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 20-604906
    UPDATED: 44 min ago
    $1,255,000
    • 6
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,084
      SQFT
    • $407
      $/SQFT

    School Ratings & Info

    Description

    Clean and rehabbed apartment building at a 5.85% CAP RATE at the close of escrow! This tastefully rehabbed property would make the perfect addition to a seasoned investor's portfolio or for someone strategically looking to place capital in a turn-key property. The building is comprised of six (1 bd + 1 ba) units in a comfortable courtyard setting. Four of the units are single story construction with two spacious apartments in the rear. Located in the emerging city of South Gate, the subject property is in close proximity to dining and entertainment options along Firestone Boulevard. The property is centrally located near the 710, 5, 101, 110, 105, 60, and 10 freeways. It is only a short walk to nearby schools and a 5-minute drive to amazing shopping and entertainment centers. The future upside of this property will increase exponentially with the opening of the new 105,000 sf state of the art East Los Angeles Campusliterally across Firestone Blvd.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T09:42:24.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/107892056
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    8933 Tope Ave South Gate, CA 90280

    • Price: $1,255,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: 20-604906
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,084
    SQFT
    $407
    $/SQFT
    1933
    Built
    Neighborhood:
    Cudahy, South Gate W Of 710, Hunt Pk S Of Florence
    County:
    Los Angeles
    Area:
    Cudahy, South Gate W Of 710, Hunt Pk S Of Florence
    Property Description
    Clean and rehabbed apartment building at a 5.85% CAP RATE at the close of escrow! This tastefully rehabbed property would make the perfect addition to a seasoned investor's portfolio or for someone strategically looking to place capital in a turn-key property. The building is comprised of six (1 bd + 1 ba) units in a comfortable courtyard setting. Four of the units are single story construction with two spacious apartments in the rear. Located in the emerging city of South Gate, the subject property is in close proximity to dining and entertainment options along Firestone Boulevard. The property is centrally located near the 710, 5, 101, 110, 105, 60, and 10 freeways. It is only a short walk to nearby schools and a 5-minute drive to amazing shopping and entertainment centers. The future upside of this property will increase exponentially with the opening of the new 105,000 sf state of the art East Los Angeles Campusliterally across Firestone Blvd.
    Exterior Features

    Lot Size Area 5752 Other Structures None Parking Garage Garage Total Parking 0

    Interior Features

    Baths Total 6.00 Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 678300 Gross Income 103704 Gross Operating Income 100593 Like Units1 6 Net Operating Income 73366.00 Number Of Buildings 3 Number Of Units 6 Sale Type Standard Source Living Area Title Company Source Lot Size Area Other Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 27226 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Sgr1

    Listing provided courtesy of Enrique Viramontes DRE#01372010 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-07T09:42:24.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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