NOT LISTED FOR SALE

2548 Illinois Ave South Gate, CA 90280

Estimated Value: $705,000 - $947,000

3 Beds
3 Baths
1,533 Sq Ft
$517/Sq Ft Est. Value

Last Sold September 14, 2016

Last sale price $505,000 $329 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,813/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Recessed Lighting
  • Legacy High School Complex Rated A-
  • Living Room
  • 3-minute walk to Stanford Avenue Park

About This Home

As of September 2016

Hard to find Duplex in South Gate, now for sale. Property features a wrought iron gate, and automated sprinklers for security and easy maintenance. Front unit, consists of a large kitchen, dining room, two bedrooms, and two full bathrooms. The interior has been fully redone, with new windows, flooring, fixtures. The kitchen is a sleek white shaker, with quartz counter tops. Both bathrooms have tile flooring, tub and showers are fully tiled, and vanities to boot. Ready to move in, and call it home. As an added bonus, you get a secondary unit, that is also turn key! Complete with flooring, fixtures, kitchen counter tops. This perfect little one bedroom, one bath secondary unit, is perfect to achieve supplemental income. If that wasn't enough, you get a detached, two car garage for plenty of parking for both units. So, don't let this one slip through your fingers, come take a look!

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 07/29/2016

Last Buyer's Agent

Robert Alvarez

Harriman Realty Group Inc License #01800836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,526

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 5,328 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Front Yard Sprinklers
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,533 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 82
  • Tax Tract Number 5527
  • Assessor Parcel Number 6205025009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,500
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,526

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6205025009
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 329.42
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave
  • Heating Type: Central
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 5328.00
  • Price Per Lot Square Foot: 93.84

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2500.00
  • Gross Scheduled Income: 30000.00
  • Net Operating Income: 30000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 82
  • Tax Tract Number: 5527

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2016
Closed on
Aug 31, 2016
Sold by
Breckenridge Property Fund 2015 Llc
Bought by
Villegas Juan Ramon
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Robert Alvarez
Harriman Realty Group Inc
List Price
$500,000
Sold Price
$505,000
Premium/Discount to List
$5,000
1%
Current Estimated Value
$791,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,846
Avg. Annual Appreciation
5.06%
Original Mortgage
$495,853
Outstanding Balance
$395,303
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$396,543

Purchase Details

Closed on
Dec 30, 2015
Sold by
Garcia Manuel
Bought by
Breckenridge Property Fund 2015 Llc

Purchase Details

Closed on
Apr 4, 2006
Sold by
Esparza Jesus and Esparza Luisa
Bought by
Garcia Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.86%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 20, 2003
Sold by
Mendoza Francisco
Bought by
Esparza Jesus J and Esparza Luisa F

Purchase Details

Closed on
May 15, 2002
Sold by
Mendoza Manuela
Bought by
Mendoza Francisco

Purchase Details

Closed on
Oct 11, 2001
Sold by
Ramos Fernando and Ramos Margarita
Bought by
Mendoza Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.89%

Purchase Details

Closed on
Jul 25, 1996
Sold by
Topete Pedro
Bought by
Ramos Fernando and Ramos Margaqrita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,612
Interest Rate
8.06%
Mortgage Type
FHA
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
Villegas Juan Ramon $505,000 Title 365
Breckenridge Property Fund 2015 Llc $325,400 Title 365
Garcia Manuel $525,000 Fidelity National Title Co I
Esparza Jesus J -- --
Mendoza Francisco -- Stewart Title
Mendoza Francisco $225,000 Stewart Title
Ramos Fernando $190,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villegas Juan Ramon $495,853
Previous Owner Garcia Manuel $420,000
Previous Owner Mendoza Francisco $180,000
Previous Owner Ramos Fernando $184,612
Closed Mendoza Francisco $33,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2016 09/14/16 Sold $505,000 +1.0% $329 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $500,000 0.0% $326 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $500,000 -- $326 / 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 $7,526 $586,088 $301,749 $284,339
2024 $7,526 $574,597 $295,833 $278,764
2023 $7,395 $563,332 $290,033 $273,299
2022 $7,040 $552,288 $284,347 $267,941
2021 $6,958 $541,460 $278,772 $262,688
2020 $7,013 $535,909 $275,914 $259,995
2019 $6,737 $525,402 $270,504 $254,898
2018 $6,597 $515,100 $265,200 $249,900
2016 $4,738 $368,000 $190,000 $178,000
2015 $4,725 $368,000 $190,000 $178,000
2014 $4,337 $328,000 $160,000 $168,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Polly Watts

    Sundae Homes

    Section Image

  • R

    Buyer's Agent in 2016

    Robert Alvarez

    Harriman Realty Group Inc

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16160357

California Regional Multiple Listing Service (CRMLS)

APN: 6205-025-009

California Los Angeles County South Gate 90280

2548 Illinois Ave, South Gate, CA

This home is located at 2548 Illinois Ave, South Gate, CA 90280 since 29 July 2016 and is currently estimated at $791,846, approximately $516 per square foot. This property was built in 1953. 2548 Illinois Ave is a home located in Los Angeles County with nearby schools including Stanford Avenue Elementary School, Southeast Middle School, and South Gate 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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