NOT LISTED FOR SALE

2745 Iowa Ave South Gate, CA 90280

Estimated Value: $768,517 - $892,000

4 Beds
2 Baths
1,636 Sq Ft
$505/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $650,000 $397 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,229/month

10 Days on Market

Highlights

  • Gated Parking
  • Laundry Room
  • Wall Furnace
  • Legacy High School Complex Rated A-

About This Home

As of May 2021

This magnificent opportunity is the perfect addition to your investment portfolio or for a family to live in one unit and rent the other unit out.
This duplex features 2 detached spacious units, a 2 car garage, and an ample gated lot.
Both units consist of 2 bedrooms and 1 bathroom with indoor laundry.

Last Agent to Sell the Property

Vincent Nunes

Circle Real Estate License #01883729 Listed on: 02/23/2021

Circle Real Estate

Co-Listed By

Gabriel Nunes

Circle Real Estate License #01957211

Last Buyer's Agent

Chris Vigil

Kase Real Estate License #01485045

Kase Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,912

Year Built

  • Built in 1955

Lot Details

  • 5,379 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Gated Parking

Home Design

  • 1,636 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 326
  • Tax Tract Number 4753
  • Assessor Parcel Number 6205001002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,068
  • Insurance Expense $900
  • Trash Expense $976
  • Water Sewer Expense $960
  • New Taxes Expense $7,500
  • Operating Expense $11,404
  • Net Operating Income $5,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,912

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Zoning: SGR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6205001002
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 397.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 976.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5379.00
  • Lot Size Acres: 0.1235

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1068.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5379.0000 Square Feet
  • Net Operating Income: 5396.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11404.00
  • Rent Control: No
  • Total Expenses: 11404.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 5356.04
  • Tax Lot: 326
  • Tax Tract Number: 4753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2021
Sold by
Garcia Gilberto and Garcia Stephanie Lynn
Bought by
Garcia Gilberto and Garcia Stephanie L
Current Estimated Value
$819,254

Purchase Details

Listed on
Feb 23, 2021
Closed on
Apr 1, 2021
Sold by
Fierro Ramon and Fierro Irene
Bought by
Garcia Gilberto and Garcia Stephanie Lynn
Seller's Agent
Vincent Nunes
Circle Real Estate
Buyer's Agent
Chris Vigil
Kase Real Estate
List Price
$600,000
Sold Price
$650,000
Premium/Discount to List
$50,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$460,000
Interest Rate
3.1%
Mortgage Type
New Conventional
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
Garcia Gilberto -- None Available
Garcia Gilberto $650,000 Lawyers Title La
Garcia Gilbert $650,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Gilbert $460,000
Previous Owner Fierro Ramon $165,785
Previous Owner Fierro Ramon $30,000
Previous Owner Fierro Ramon $290,000
Previous Owner Fierro Ramon $200,000
Previous Owner Fierro Ramon $108,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $650,000 -0.8% $397 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
03/05/2021 03/05/21 Price Changed $655,000 +9.2% $400 / Sq Ft
02/23/2021 02/23/21 For Sale $600,000 -- $367 / 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 $8,912 $703,580 $422,148 $281,432
2024 $8,912 $689,785 $413,871 $275,914
2023 $8,756 $676,260 $405,756 $270,504
2022 $8,332 $663,000 $397,800 $265,200
2021 $1,357 $64,164 $24,352 $39,812
2020 $1,358 $63,507 $24,103 $39,404
2019 $1,320 $62,263 $23,631 $38,632
2018 $1,196 $61,043 $23,168 $37,875
2016 $1,122 $58,674 $22,269 $36,405
2015 $1,104 $57,794 $21,935 $35,859
2014 $1,111 $56,663 $21,506 $35,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21037158

California Regional Multiple Listing Service (CRMLS)

APN: 6205-001-002