8933 Tope Avenue

    South Gate, CA 90280
    • $1,295,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 19507990
    UPDATED: 79 min ago
    $1,295,000
    • 6
      BEDS
    • 0.13
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 3,084
      SQFT
    • $420
      $/SQFT

    School Ratings & Info

    Description

    Introducing 8933 Tope Avenue. This tastefully rehabbed property would make the perfect addition to a seasoned investor's portfolio or the perfect starter investment for a novice investor looking for a turn-key property. The offering is comprised of 6 (1 bd + 1 ba) units with garage parking. Each unit is separately metered for gas and electricity. This property can be sold along with 8905 Tope Avenue. South Gate is a historically strong rental market. Tenants enjoy a 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 Campus?literally across Firestone Blvd.

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    Based on information from CARETS as of 2019-09-18T14:49:15.633. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/98727979

    8933 Tope Avenue South Gate, CA 90280

    • Price: $1,295,000
    • Status: Active
    • Updated: 79 min ago
    • ID#: 19507990
    6
    Beds
    6
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,084
    SQFT
    $420
    $/SQFT
    1933
    Built
    Neighborhood:
    Cudahy, South Gate W of 710, Hunt Pk S of Florence (T2)
    County:
    Los Angeles
    Area:
    Cudahy, South Gate W of 710, Hunt Pk S of Florence (T2)
    Property Description
    Introducing 8933 Tope Avenue. This tastefully rehabbed property would make the perfect addition to a seasoned investor's portfolio or the perfect starter investment for a novice investor looking for a turn-key property. The offering is comprised of 6 (1 bd + 1 ba) units with garage parking. Each unit is separately metered for gas and electricity. This property can be sold along with 8905 Tope Avenue. South Gate is a historically strong rental market. Tenants enjoy a 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 Campus?literally across Firestone Blvd.
    Exterior Features

    Parking Spaces Total 6 Parking Type Garage

    Interior Features

    Cooling Type Other Heating Type Wall Heater Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bed01 1

    Property Features

    Adjusted Gross Income 104784.00 Assessed Improvement Value 270300.00 Assessed Land Value 408000.00 Cap Rate 5.97 Country United States Of America Expense Total Annual 25949.00 Gross Operating Income 103212.00 Gross Rent Multiplier 12.36 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Other Net Operating Income 77263.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Title Company Unit Monthly Rent01 1425.00 Unit Projected Total Monthly Rent01 8700.00 Unit Total Monthly Rent01 8550.00 Unit Type01 6 Units Total In Complex 6 Zoning Sgr1

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


    Based on information from CARETS as of 2019-09-18T14:49:15.633. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361