9723 Mallison Ave, South Gate, CA 90280
- $1,975,000
- 12
- BD
- 7
- BA
- 4,971
- SqFt
- Sold Price
- $1,975,000
- List Price
- $1,975,000
- Closing Date
- May 09, 2023
- MLS#
- 23-245393
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 12
- Bathrooms
- 7
- Living Area
- 4,971
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.
Additional Information
- Year Built
- 1956
- Garage
- Driveway
Mortgage Calculator
Courtesy of Remax Commercial and Investment Realty, Nicholas Petrosian. Selling Office: .
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