2826 Willow Place

  • South Gate

  • $995,000
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Residential Income Details

Description
PRIVATE SELLER FINANCING! Potential 9% Market Cash Return! We are pleased to exclusively offer for sale this 7 unit multi-family investment property located in the strong rental market of the city of South Gate. The property is comprised of 3 separate single story structures of which are situated on two adjoining parcels for a total land size of 16,627 SqFt. The 7 rental units are spread amongst two tri-plexes (Six-1Bed/1Bath Units) and 1 cottage style unit (2Bed/1Bath.) All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy onsite garage parking and there is a laundry room onsite which is not currently being utilized. All tenants are long term and the current owner has kept the rental rates significantly below market level. The property is in need of some minor repair, but a new investor can take advantage of this value-add opportunity and increase the rental rates by as much as 45% from what is currently being collected. The seller will provide private financing with the following terms: 25% down payment, at 4.5% interest only monthly payments, for a 5 year term or less, with no pre-payment penalty. Excellent opportunity for any investor looking for a "fixer-upper."
Essential
MLS #CV17057006
Price$995,000
Number of Units7
Sale TypeStandard
StatusActive
Listing BrokerageRE/MAX 2000
Listing AgentKRISTOPHER GERMAN
Listing Agent BRE #01800021
Interior
Exterior
ParkingAssigned,Driveway - Asphalt
Garage Spaces7
PoolNone
Community
AreaT2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
CommunityGutters,Sidewalks,Storm Drains,Street Lighting
Address2826 Willow Place
CitySouth Gate
CountyLos Angeles
StateCA
ZipCode90280
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, March 20, 2017. 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.