SOLD
$1,975,000
Date 05/09/2023

9723 Mallison Avenue
South Gate, CA 90280

Other
Residence
12
Beds
7
Baths
4,971
Sqft
0.1982
Lot Size
Listing Agent: Nicholas Petrosian CalDRE: 01462598 - Remax Commercial and Investment Realty
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.
23245393
Other, 2 Story
12
Los Angeles
7
1956
0.1982 Acres
2
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Listing Agent: Nicholas Petrosian CalDRE: 01462598 - Remax Commercial and Investment Realty
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