$3,525,000
$3,625,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
9301 Atlantic AVE South Gate, CA 90280
18,298 SqFt
Key Details
Sold Price $3,525,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,298 sqft
Price per Sqft $192
MLS Listing ID PW14009218
Sold Date 04/30/14
HOA Y/N No
Year Built 1961
Lot Size 0.618 Acres
Acres 0.618
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 SewerAvailable
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, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with Paul Calvo • Paul Calvo