NOT LISTED FOR SALE

10415 Otis St South Gate, CA 90280

Estimated Value: $711,866 - $865,000

3 Beds
2 Baths
1,872 Sq Ft
$430/Sq Ft Est. Value

Last Sold October 10, 2016

Last sale price $430,000 $230 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,800/month

48 Days on Market

Highlights

  • No HOA
  • Bungalow
  • 1-Story Property
  • Legacy High School Complex Rated A-
  • Floor Furnace

About This Home

As of October 2016

Great Deal!!!Great area of South Gate!2 separate homes on 1 lot! Front unit is a 1 bedroom 1 bath. Rear unit is a 2 bedroom 1 bath. Rear unit has nice rear yard. One 2 car garage in rear. Fantastic opportunity!
Perfect for 2 families, or live in one and rent the other.

Last Agent to Sell the Property

Marie Picarelli

24 Hour Real Estate License #00610605 Listed on: 07/13/2016

Last Buyer's Agent

Linda Melendez

Berkshire Hathaway HomeServices California Properties License #01751051

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,507

Year Built

  • Built in 1941

Lot Details

  • 6,378 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Bungalow
  • Stucco

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for grounds care
  • Tax Lot 425
  • Tax Tract Number 6557
  • Assessor Parcel Number 6218018016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $620
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,000
  • Gross Income $2,110
  • Net Operating Income $16,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,507

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2400.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 6218018016
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 229.70

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 6378.00
  • Price Per Lot Square Foot: 70.40

Rental Info

  • Tenant Pays: Grounds Care

Multi Family

  • Gross Income: 2110.00
  • Gross Scheduled Income: 25320.00
  • Insurance Expense: 620.00
  • Net Operating Income: 16300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 9020.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 425
  • Tax Tract Number: 6557

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2016
Closed on
Sep 7, 2016
Sold by
Maurath Steven E and The Maurath Family Bypass Trus
Bought by
Garcia Jose Luis and Quilizapa Patricia Janeth
Seller's Agent
Marie Picarelli
24 Hour Real Estate
Buyer's Agent
Linda Melendez
Berkshire Hathaway HomeServices California Properties
List Price
$475,000
Sold Price
$430,000
Premium/Discount to List
-$45,000
-9.47%
Current Estimated Value
$805,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,467
Avg. Annual Appreciation
7.20%
Original Mortgage
$322,500
Outstanding Balance
$257,601
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$547,866

Purchase Details

Closed on
Jun 10, 2013
Sold by
Maurath Steven E and Kathryn L Maurath Survivors Tr
Bought by
Maurath Steven E and Childs Life Estate Trust

Purchase Details

Closed on
Apr 11, 2003
Sold by
Maurath Kathryn L and Maurath Patricia G
Bought by
Maurath Kathryn L and Maurath Patricia G
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garcia Jose Luis $430,000 Old Republic Title Company
Maurath Steven E -- None Available
Maurath Kathryn L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Jose Luis $322,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2016 10/10/16 Sold $430,000 -4.2% $230 / Sq Ft
08/30/2016 08/30/16 Pending -- -- --
08/11/2016 08/11/16 Price Changed $449,000 -5.5% $240 / Sq Ft
07/13/2016 07/13/16 For Sale $475,000 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,507 $499,047 $290,145 $208,902
2024 $6,507 $489,262 $284,456 $204,806
2023 $6,395 $479,670 $278,879 $200,791
2022 $6,091 $470,265 $273,411 $196,854
2021 $6,021 $461,045 $268,050 $192,995
2020 $6,068 $456,319 $265,302 $191,017
2019 $5,832 $447,372 $260,100 $187,272
2018 $5,712 $438,600 $255,000 $183,600
2016 $1,041 $43,854 $22,755 $21,099
2015 $1,027 $43,197 $22,414 $20,783
2014 $1,036 $42,351 $21,975 $20,376
Source: Public Records

Agents Affiliated with this Home

  • Marie Picarelli

    Seller's Agent in 2016

    Marie Picarelli

    24 Hour Real Estate

    (562) 618-0033

    1 in this area

    47 Total Sales

    Marie Picarelli
    Section Image

  • L

    Buyer's Agent in 2016

    Linda Melendez

    Berkshire Hathaway HomeServices California Properties

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16154669

California Regional Multiple Listing Service (CRMLS)

APN: 6218-018-016

California Los Angeles County South Gate 90280

10415 Otis St, South Gate, CA

This home is located at 10415 Otis St, South Gate, CA 90280 since 13 July 2016 and is currently estimated at $805,467, approximately $430 per square foot. This property was built in 1941. 10415 Otis St is a home located in Los Angeles County with nearby schools including San Miguel Elementary School, South Gate Middle School, and Southeast Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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