8141 Chestnut Avenue

South Gate, CA 90280

$1,699,000
Price
9
Beds
5
Baths
3,577 Sq. Ft.
$475 / Sq. Ft.
3,577
Sq. Ft.
$475
per Sq. Ft.

Description

We are proud to present these 5 units in the beautiful city of South Gate. That consists of 5 separate cottage style bungalows, 1-3 bedroom/1Bth, 2-2 bedroom/ 1bth units, and 2-1 bedroom/1bth units sitting a 12,035 sqft lot with 6 single car garages. Also included in price are plans for add 2 ADUs to the property. Perfect for first time investor or seasoned investor. Please do not talk to tenants.We are proud to present these 5 units in the beautiful city of South Gate. That consists of 5 separate cottage style bungalows, 1-3 bedroom/1Bth, 2-2 bedroom/ 1bth units, and 2-1 bedroom/1bth units sitting a 12,035 sqft lot with 6 single car garages. Also included in price are plans for add 2 ADUs to the property. Perfect for first time investor or seasoned investor. Please do not talk to tenants.
  1. Listed by Victor Ambriz Jr • DRE #00952349 • Brokerage DRE #01978349 • Keller Williams SELA • victor@ambrizandassociates.net
  2. Listed by Mark Garza • DRE #02163279 • Brokerage DRE #02125608 • Realty One Group Homelink

Property Details for 8141 Chestnut Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3577
Assessor Parcel Number
6211-019-010
Property Attached YN
true

Location

Listing Courtesy of Keller Williams SELA, Victor Ambriz Jr, DRE #00952349; Realty One Group Homelink, Mark Garza, DRE #02163279
Add your commute
LISTING UPDATED: 03/23/2024 02:28 AM

Property Details for 8141 Chestnut Avenue

StatusActive
MLS #DW24058128
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1924
Lot Size0.28 AC / 12,035 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams SELA, Victor Ambriz Jr, DRE #00952349; Realty One Group Homelink, Mark Garza, DRE #02163279
Add your commute

Building Information for 8141 Chestnut Avenue

Stories1Residences-Year Built1924Building Size-Lot Size0.28 AC / 12,035 SF

Payment Calculator

$10,250 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,272

Property Taxes

$978

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8141 Chestnut Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $120,600
  • Gross Scheduled Income: $117,600
  • Net Operating Income: $76,440
  • Other Income Description: tenants pay $50 monthly water
  • Other Income 1: $3,000
Expense Details
  • Operating Expense: $41,160
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $41,160
Tax / Assessment Info
  • Tax Tract Number: 2917
  • Tax Census Tract: 5355.02
  • Tax Lot: 94
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 8141 Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8141 Chestnut Avenue

Taxable ValueLand$328,093Additions$506,356Total$834,449
Tax Record2023$11,737 ($978 / month)
Home Facts
Total Finished SqFt3,577 SqFtAbove Grade Finished SqFt3,577 SqFtLot Size12,032 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningSGR3YYCountyLOS ANGELESAPN6211-019-010

Schools near 8141 Chestnut Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
Liberty Boulevard Elementary School
PublicK to 5

South East High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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8141 Chestnut Avenue is a mixed use property for sale in South Gate, CA 90280. This property was listed for sale on March 22, 2024 by Keller Williams SELA, it's currently listed at $1,699,000. It has been on the market for a total of 37 days and was last sold on July 20, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Liberty Boulevard Elementary School, Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy and International Studies Learning Center At Legacy High School Complex. 8141 Chestnut Avenue is a 9-bed, 5-bath, 3,577 sqft mixed use property built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams SELA, Victor Ambriz Jr, DRE #00952349; Realty One Group Homelink, Mark Garza, DRE #02163279

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, 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.