NOT LISTED FOR SALE

2516 Illinois Ave South Gate, CA 90280

4 Beds
4 Baths
3,126 Sq Ft
10,751 Sq Ft

Last Sold April 09, 2021

Last sale price $1,220,000 $390 Per Sq Ft

26 Days on Market

Highlights

  • 0.25 Acre Lot
  • Wall Furnace
  • 4-minute walk to Stanford Avenue Park

About This Home

As of April 2021

Pride of ownership. Amazing investment opportunity in the city of South Gate CA. 6 Units 1 Bedroom 1 bathroom each. Highly desired rental area offers the opportunity to receive market rents and positive cashflow. Very well maintained and manicured with garages for each tenant. Contact agent for Gross scheduled income and operating expenses.

Last Agent to Sell the Property

Sergio Martinez

Pak Home Realty License #01358473 Listed on: 01/28/2021

Pak Home Realty

Last Buyer's Agent

JUAN COVARRUBIAS

UNITED CAPITAL REALTY License #01227114

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 10,752 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,126 Sq Ft Home
  • Property Attached
  • Raised Foundation
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • No Utilities
  • Private Water Source

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, telephone
  • Tax Lot 84
  • Tax Tract Number 5527
  • Assessor Parcel Number 6205025016

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $96,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

10,752 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 6205025016
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Price Per Square Foot: 390.28

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10752.00
  • Lot Size Acres: 0.2468

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 96120.00
  • Gross Scheduled Income: 96120.00
  • Lot Size Area: 10752.0000 Square Feet
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Rent Control: No

Tax Info

  • Tax Lot: 84
  • Tax Tract Number: 5527
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2021 04/09/21 Sold $1,220,000 +1.7% $390 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $1,200,000 +52.1% $384 / Sq Ft
10/21/2016 10/21/16 Sold $788,888 -1.4% $252 / Sq Ft View Prior Sale
08/23/2016 08/23/16 Price Changed $799,999 -2.3% $256 / Sq Ft
08/08/2016 08/08/16 Price Changed $819,000 -2.4% $262 / Sq Ft
04/15/2016 04/15/16 For Sale $839,000 -- $268 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,305 $1,320,564 $660,282 $660,282
2024 $17,305 $1,294,672 $647,336 $647,336
2023 $17,011 $1,269,288 $634,644 $634,644
2022 $16,135 $1,244,400 $622,200 $622,200
2021 $11,692 $845,964 $375,269 $470,695
2020 $11,779 $837,291 $371,422 $465,869
2019 $11,340 $820,875 $364,140 $456,735
2018 $11,079 $804,780 $357,000 $447,780
2016 $11,771 $877,343 $611,834 $265,509
2015 $11,585 $864,165 $602,644 $261,521
2014 $11,598 $847,239 $590,840 $256,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21018818

California Regional Multiple Listing Service (CRMLS)
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