NOT LISTED FOR SALE

Estimated Value: $581,000 - $877,000

4 Beds
4 Baths
1,975 Sq Ft
$380/Sq Ft Est. Value

Last Sold December 03, 2018

Last sale price $530,000 $268 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,738/month

66 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of December 2018

PRICE REDUCED!!! Blocks away from South Gate Plaza Shopping Center and many other restaurants and shopping centers. All units have same interior layout and consist of updated 1 bedroom and 1 bath, their own accessible laundry area, and all units have their own gated assigned parking. All units are occupied with excellent long term tenants who take pride in their homes. All units have updated kitchens with maple cabinets and tile counter tops. Updated laminate floors, moldings, and light fixtures in all units. All units are well maintained inside and out and property is kept very clean.

Last Agent to Sell the Property

Victor Garza

Victor Garza R.E. Broker License #00868657 Listed on: 09/01/2018

Last Buyer's Agent

Miralles Luisa

Berkshire Hathaway H.S.C.P. License #02023450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,861

Year Built

  • Built in 1946

Lot Details

  • 6,193 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • 1,975 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 422
  • Assessor Parcel Number 6048032017

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $35,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,861

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 6048032017
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 268.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6193.00
  • Lot Size Acres: 0.1422

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 35040.00
  • Gross Scheduled Income: 35040.00
  • Lot Size Area: 6193.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 35040.00

Tax Info

  • Tax Census Tract: 2422.00
  • Tax Lot: 7
  • Tax Tract Number: 422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2018
Closed on
Nov 21, 2018
Sold by
Romero Deyanlra C
Bought by
Torres Hugo H
Seller's Agent
Victor Garza
Victor Garza R.E. Broker
Buyer's Agent
Miralles Luisa
Berkshire Hathaway H.S.C.P.
List Price
$589,000
Sold Price
$530,000
Premium/Discount to List
-$59,000
-10.02%
Current Estimated Value
$749,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,396
Avg. Annual Appreciation
5.74%
Original Mortgage
$424,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2018
Closed on
Oct 11, 2018
Sold by
Arceo Felipe
Bought by
Torres Edgar H and Torres Hugo H
Seller's Agent
Victor Garza
Victor Garza R.E. Broker
Buyer's Agent
Miralles Luisa
Berkshire Hathaway H.S.C.P.
List Price
$589,000
Sold Price
$530,000
Premium/Discount to List
-$59,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2011
Sold by
Virgen Alvaro
Bought by
Arceo Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,690
Interest Rate
4.71%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 2007
Sold by
Gudino Cindy and Estate Of Juan Jose Gudino
Bought by
Virgen Alvaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,600
Interest Rate
5.87%
Mortgage Type
New Conventional
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
Torres Hugo H -- Property Id Title
Torres Edgar H $530,000 Property Id Title
Arceo Felipe $170,000 Investors Title Company
Virgen Alvaro $547,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Edgar H $424,000
Previous Owner Arceo Felipe $222,000
Previous Owner Arceo Felipe $164,070
Previous Owner Arceo Felipe $165,690
Previous Owner Virgen Alvaro $437,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2018 12/03/18 Sold $530,000 +2.1% $268 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
09/27/2018 09/27/18 Price Changed $519,000 -11.9% $263 / Sq Ft
09/01/2018 09/01/18 For Sale $589,000 +90.1% $298 / Sq Ft
12/30/2012 12/30/12 Sold $309,800 0.0% $157 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
11/28/2012 11/28/12 For Sale $309,800 -- $157 / 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 $7,861 $591,221 $390,429 $200,792
2024 $7,861 $579,629 $382,774 $196,855
2023 $7,716 $568,265 $375,269 $192,996
2022 $7,380 $557,123 $367,911 $189,212
2021 $7,284 $546,200 $360,698 $185,502
2019 $7,073 $530,000 $350,000 $180,000
2018 $5,435 $394,090 $225,195 $168,895
2016 $5,179 $378,789 $216,451 $162,338
2015 $5,100 $373,100 $213,200 $159,900
2014 $5,128 $365,792 $209,024 $156,768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18214290

California Regional Multiple Listing Service (CRMLS)

APN: 6048-032-017