8994 Mcnerney Avenue, South Gate, CA 90280

$1,025,000
2,065
SqFt
List Price
$1,025,000
Price Change
▼ $20,000 1596254436
Status
ACTIVE
MLS#
SB20124812
Year Built
1948
Living Sq. Ft
2,065
Lot Size
3,903
Acres
0.0896
Lot Location
Level with Street, Rectangular Lot, Level
Days on Market
46
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Level

Property Description

Check out this fully renovated and vacant quadruplex perfect for an investor or for an owner-user! This property provides a great investment opportunity with a potential 5.5% cap rate and 12.9 GRM. You could also live in one unit and rent out the other three units. This property is beautifully remodeled with permits and is like new from top to bottom, including a brand-new roof, windows, copper plumbing, HVAC, and electrical systems. There are 4 roomy and spacious one-bedroom units, each with their own interior laundry hookups. The sunny and bright kitchens are elegantly remodeled with quartz countertops and designer cabinets. Don’t miss the renovated bathrooms with modern finishes, ceiling fans, recessed lighting, lovely laminate floors, and brand-new water heaters. This is your opportunity to own an investment property that can obtain premium rents in this up and coming South Gate location. The price and terms for this building can’t be beat!

Additional Information

Tract Number
6666
Lot Description
Urban
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Danielle Whitney Moore from Keller Williams Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.