Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
3 in this area
123 Total Sales
2636 Pine Place South Gate, CA 90280
Estimated Value: $1,357,000 - $1,443,703
9
Beds
6
Baths
2,952
Sq Ft
$474/Sq Ft
Est. Value
About This Home
As of October 2022We are pleased to offer for sale this 6 unit multi-family investment for sale in the city of South Gate. Comprised of 4 separate structures, the unit mix consists of; 2 detached single story cottage style units both of which are 2Bed/1Bath, two additional 2Bed/1Bath units which are situated above the garage parking, 1(1Bed/1Bath) unit and 1 Studio apartment. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy both garage and onsite open space parking. Offered at a 4.89% CAP Rate and 13.57GRM, this investment is priced to sell and offers significant upside for the next investor.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 06/01/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1931
Lot Details
- 7,792 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Open Parking Spaces
- 5 Car Garage
- 1 Carport Space
Home Design
- Property Attached
Interior Spaces
- 2,952 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 217
- Tax Tract Number 2917
- Assessor Parcel Number 6202029005
- $1,754 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,400
- Maintenance Expense $4,500
- Other Expense $900
- Trash Expense $2,574
- Water Sewer Expense $3,827
- New Taxes Expense $15,683
- Operating Expense $29,884
- Gross Income $97,632
- Net Operating Income $64,819
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 5, 2022
Sold by
Rene Arenas
Bought by
Meoqui Properties Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 1, 2017
Sold by
Arenas Rene and The Rene Arenas Livings Trust
Bought by
Arenas Rene
Purchase Details
Closed on
Mar 1, 2017
Sold by
Arenas Rene
Bought by
Arenas Rene and The Rene Arenas Living Trust
Purchase Details
Closed on
Feb 11, 2015
Sold by
Rodriguez Jose Luis and Rodriguez Alberto
Bought by
Arenas Rene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 15, 2010
Sold by
Rodriguez Guillermina
Bought by
Rodriguez Jose Luis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 21, 2004
Sold by
Rodriguez Jose Luis and Rodriguez Alberto
Bought by
Rodriguez Alberto and Rodriguez Jose Luis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 31, 2003
Sold by
Rodriguez Guillermina
Bought by
Rodriguez Jose Luis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 28, 2003
Sold by
Lambert David
Bought by
Rodriguez Jose Luis and Rodriguez Alberto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 31, 2001
Sold by
Lambert Kelli
Bought by
Lambert David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
7.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 17, 2001
Sold by
Riddle Morgan Jerry John and Riddle Morgan Alison
Bought by
Lambert David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
7.05%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meoqui Properties Llc | $1,275,000 | Fidelity National Title | |
| Arenas Rene | -- | None Available | |
| Arenas Rene | -- | None Available | |
| Arenas Rene | $610,000 | Old Republic Title Company | |
| Rodriguez Jose Luis | -- | Old Republic Title Company | |
| Rodriguez Alberto | -- | United Title Company | |
| Rodriguez Jose Luis | -- | -- | |
| Rodriguez Alberto | -- | -- | |
| Rodriguez Jose Luis | $345,000 | -- | |
| Lambert David | -- | -- | |
| Lambert David | $257,000 | American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Meoqui Properties Llc | $637,500 | |
| Previous Owner | Arenas Rene | $427,000 | |
| Previous Owner | Rodriguez Jose Luis | $300,000 | |
| Previous Owner | Rodriguez Alberto | $283,000 | |
| Previous Owner | Rodriguez Jose Luis | $258,000 | |
| Previous Owner | Lambert David | $205,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/03/2022 10/03/22 | Sold | $1,275,000 | -3.8% | $432 / Sq Ft | |
| 06/30/2022 06/30/22 | Pending | -- | -- | -- | |
| 06/01/2022 06/01/22 | For Sale | $1,325,000 | +117.2% | $449 / Sq Ft | |
| 04/24/2015 04/24/15 | Sold | $610,000 | 0.0% | $223 / Sq Ft | View Prior Sale |
| 01/28/2015 01/28/15 | Pending | -- | -- | -- | |
| 01/21/2015 01/21/15 | For Sale | $610,000 | -- | $223 / 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 | $17,257 | $1,326,510 | $795,906 | $530,604 |
| 2024 | $17,257 | $1,300,500 | $780,300 | $520,200 |
| 2023 | $16,962 | $1,275,000 | $765,000 | $510,000 |
| 2022 | $9,736 | $690,839 | $453,010 | $237,829 |
| 2021 | $9,619 | $677,294 | $444,128 | $233,166 |
| 2020 | $9,673 | $670,791 | $439,575 | $231,216 |
| 2019 | $9,318 | $657,647 | $430,956 | $226,691 |
| 2018 | $9,097 | $644,761 | $422,506 | $222,255 |
| 2017 | $7 | $631,688 | $414,222 | $217,466 |
| 2016 | $8,657 | $619,302 | $406,100 | $213,202 |
| 2015 | $6,249 | $415,744 | $186,783 | $228,961 |
| 2014 | -- | $407,601 | $183,125 | $224,476 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Gus Islas
G
Seller's Agent in 2015
Gus Islas
Century 21 Allstars
(562) 756-5391
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22116629
APN: 6202-029-005
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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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