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$1,100,000

  • Sold
  • Closed
  • Multi-Family
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6-Unit Apartment Complex. Great Investment or Owner-User opportunity in the City of South Gate. The subject property consists of 6 multi-family units with a mix of (1) 3 bed/2 bath front house w driveway/garage parking, (4) 1 bed/1 bath units w/garage parking, and (1) studio unit w/garage parking. Each unit is separately metered for gas and electricity, and the landlord is responsible for paying only water and trash. The Property is 100% occupied with an annual gross income of $92,112. Potential of converting the existing laundry room or garages into additional Accessory Dwelling Unit/s (ADUs). Non-Rent Control Area. Close to schools, restaurants, shopping centers, and entertainment options - just blocks from Azalea Shopping Center which hosts Walmart Supercenter, Starbucks, Dunkin Donuts, Tierra Mia Coffee, In-N-Out, TGI Fridays, Wing Stop, and more, making this a great buy! Centrally located between many major freeways: 710, 105, 110, 5, 60, 10. Close to downtown Los Angeles, Dodger Stadium, and Staples Center.

Full Property Details for 8121 Madison Ave

General

  • Sold For: $1,100,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW24014408
  • Added to Site: 320 day(s) ago

Interior

  • Fireplace(s): Living Room

Rooms

Other Rooms

  • Laundry: Individual Room, See Remarks

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 6
  • Parking Features: Garage (Single Door), Public
  • Parking: Garage (Single Door), Public

Location

  • Area: T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
  • County: Los Angeles
  • Development Name: T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
  • Driving Directions: State Street, go west on Santa Ana St, go south on Madison Ave

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Entry Location: Front Door/Driveway
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,819
  • Year Built: 1950

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.2072
  • Lot Size Source: Assessor
  • Zoning: SGR3YY
  • Lot Description: Front Yard, Lawn, Level with Street

Financial Considerations

  • Price Per Sq. Ft.: $288.03
  • Price Per Unit: 183333

Listed and Sold by Taurus Realty Group, Sergio Aguirre and Taurus Realty Group, Anna Aguirre

Listing agents

— 8121 Madison Ave —

  • Sergio Aguirre

    Taurus Realty Group

  • Anna Aguirre

    Taurus Realty Group

714-715-3754

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8121 Madison Ave

School District:Los Angeles Unified School District
RatingNameGradesDistance
3
State Street Elementary School
3211 Santa Ana St, South Gate, CA 90280
K-50.1 mi
5
Walnut Park Middle School - Sci Tech Eng and Math Academy
7500 Marbrisa Ave, Huntington Pk, CA 90255
6-81.2 mi
5
International Studies Learning Center
5225 Tweedy Blvd, South Gate, CA 90280
6-122.4 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8121 Madison Ave

Date
Details
Price
Change
Source
5/16/2024
Sold
$1,100,000
—
MLS
1/23/2024
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Taurus Realty Group, Sergio Aguirre and Taurus Realty Group, Anna Aguirre

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8121 Madison Avenue, South Gate, CA 90280 (MLS# PW24014408) is a Multi-Family property that was sold at $1,100,000 on May 16, 2024. Want to learn more about 8121 Madison Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Gate? You can browse all South Gate real estate or contact a Coldwell Banker agent to request more information.

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