DRE #00338699
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8905 TOPE Avenue $2,075,000

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8905 TOPE Avenue South Gate, CA 90280

  • 0 Beds
  • 11 Baths
  • 4,520 sq.ft.
  • MultiFamily
MLS# 19508012 | Active
Days On Market: 15 0 Views
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Property Details

Introducing 8905 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 11 studios with garage parking. Each unit is separately metered for gas and electricity. This property can be sold along with 8933 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.

  • General Features
    • Net Operating Income 118241.00
    • Year Built 1930
    • County Los Angeles
    • Area Cudahy, South Gate W of 710, Hunt Pk S of Florence (T2)
    • Total Units in Complex 11
    • Special Conditions Standard Sale
    • Senior Community No
    • Adjusted Gross Income 162300.00
    • Total Annual Expense 41625.00
    • Gross Operating Imcome 159866.00
  • Building Features
    • Cooling Type Other
    • Heating Type Wall Heater
    • Interior Features Other
  • Room Features
    • Unit 1 Bedrooms 0
    • Unit 1 Bathrooms 1.0
  • Property Features
    • ParkingSpacesTotal 11
    • Lot Size Sq Ft 9,482
    • Parking Type Garage

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $2,075,000
9/6/2019 2:52:00 PM New in Database Source

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Based on information from CARETS as of 9/22/2019 2:46:47 AM. 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. IDX provided by Reliance Network, LLC.