NOT LISTED FOR SALE

2730 Southern Ave Unit A-D South Gate, CA 90280

Estimated Value: $785,000 - $1,061,903

1 Bed
4 Baths
1,774 Sq Ft
$510/Sq Ft Est. Value

Last Sold October 14, 2019

Last sale price $745,000 $420 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,056/month

16 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 1-Story Property
  • Legacy High School Complex Rated A-

About This Home

As of October 2019

2730 Southern Avenue is a four-unit apartment building in South Gate, California. This offering presents an excellent value-add opportunity with 21 percent potential upside in rents.

2730 Southern Avenue consists of a 1947 construction building with three studios and one one-bedroom/one-bath unit. The units are separately metered for gas and electricity, and the one-bedroom features in-unit laundry. The property also offers five parking spaces.

The property is located across from a park near the intersection of Southern Avenue and Truba Avenue. This area is a majority-renter market with no rent control and consistently low vacancy rates.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 08/07/2019

Last Buyer's Agent

Anny Chen

WinMaster Realty Inc License #01969471

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,488

Year Built

  • Built in 1947

Lot Details

  • 5,373 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Interior Spaces

  • 1,774 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5527
  • Assessor Parcel Number 6205002004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $16,600
  • Gross Income $53,640
  • Net Operating Income $35,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,488

Year Built

Built in 1947

Lot Details

0

Listing Details

  • CapRate: 4.76
  • Property Attached: No
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6205002004
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 419.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5373.00
  • Lot Size Acres: 0.1233

Multi Family

  • Gross Income: 53640.00
  • Gross Multiplier: 13.89
  • Gross Scheduled Income: 53640.00
  • Lot Size Area: 5373.0000 Square Feet
  • Net Operating Income: 35430.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 16600.00
  • Rent Control: No
  • Total Expenses: 16600.00

Tax Info

  • Tax Census Tract: 5356.04
  • Tax Lot: 2
  • Tax Tract Number: 5527

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Aug 20, 2019
Sold by
Angulo Joe and Angulo Luz M
Bought by
Flores Gonzalo and Flores Petra
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Anny Chen
WinMaster Realty Inc
List Price
$745,000
Sold Price
$745,000
Current Estimated Value
$938,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,276
Avg. Annual Appreciation
3.41%
Original Mortgage
$536,400
Interest Rate
3.5%

Purchase Details

Closed on
Aug 8, 2011
Sold by
Sovereign Ventures Inc
Bought by
Angulo Jose and Angulo Luz M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,880
Interest Rate
4.46%
Mortgage Type
VA

Purchase Details

Closed on
Aug 26, 2010
Sold by
Marez Juan and Marez Fidelia
Bought by
Sovereign Ventures Inc

Purchase Details

Closed on
Oct 10, 2008
Sold by
Marez Juan and Marez Fidelia
Bought by
Marez Juan

Purchase Details

Closed on
Jun 11, 2007
Sold by
Marez Fidelia
Bought by
Marez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2005
Sold by
Marez Juan and Marez Fidelia
Bought by
Marez Fidelia

Purchase Details

Closed on
Jan 3, 2003
Sold by
Acosta Flavio S and Acosta Mary G
Bought by
Marez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,200
Interest Rate
7.75%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Flores Gonzalo $745,000 Ticor Title
Angulo Jose $330,000 Provident Title Company
Sovereign Ventures Inc -- Provident Title Company
Marez Juan -- None Available
Marez Juan -- Ticor Title Co Glendale
Marez Fidelia -- --
Marez Juan $278,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Gonzalo $536,400
Previous Owner Angulo Jose $328,743
Previous Owner Angulo Jose $326,880
Previous Owner Marez Fidelia $109,500
Previous Owner Marez Juan $372,000
Previous Owner Marez Fidelia $100,000
Previous Owner Marez Fidelia $350,000
Previous Owner Marez Fidelia $32,000
Previous Owner Marez Juan $280,500
Previous Owner Marez Juan $250,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2019 10/14/19 Sold $745,000 0.0% $420 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
08/07/2019 08/07/19 For Sale $745,000 -- $420 / 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 $10,488 $814,762 $382,774 $431,988
2024 $10,488 $798,787 $375,269 $423,518
2023 $10,305 $783,125 $367,911 $415,214
2022 $9,812 $767,771 $360,698 $407,073
2021 $9,699 $752,718 $353,626 $399,092
2019 $5,242 $371,988 $123,855 $248,133
2018 $5,099 $364,703 $121,427 $243,276
2016 $4,865 $350,140 $116,713 $233,427
2015 $4,786 $344,881 $114,960 $229,921
2014 $4,797 $338,127 $112,709 $225,418
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    96 Total Sales

    Section Image
  • Anny Chen

    Buyer's Agent in 2019

    Anny Chen

    WinMaster Realty Inc

    (626) 512-3511

    11 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19188378

California Regional Multiple Listing Service (CRMLS)

APN: 6205-002-004

California Los Angeles County South Gate 90280

2730 Southern Ave Unit A-D, South Gate, CA

This home is located at 2730 Southern Ave Unit A-D, South Gate, CA 90280 since 07 August 2019 and is currently estimated at $904,226, approximately $509 per square foot. This property was built in 1947. 2730 Southern Ave Unit A-D 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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