NOT LISTED FOR SALE

2747 Laurel Place South Gate, CA 90280

Estimated Value: $923,000 - $1,102,580

2 Beds
2 Baths
1,722 Sq Ft
$568/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $780,000 $453 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,111/month

16 Days on Market

About This Home

As of December 2019

2747 Laurel Pl is a triplex located in the heart of South Gate. This 1,722 square foot building consists of three 1-bed/1-bath units, situated on a massive 13,041 square foot lot with ample parking. Built in 1948, this property is incredibly well-located near the East Los Angeles South Gate campus and the Azalea Shopping Center. It is also in close proximity to nearby Los Angeles and Orange County metros. Tenants enjoy all the local amenities of a close community and enjoy access to all major employment centers through the 710 and 91 freeways. This is an incredible investment opportunity for a value-add buyer to capitalize on one of the most accessible locations in the city of South Gate.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 11/19/2019

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

David Medina

AFD REALTY, INC. License #01921935

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,090

Year Built

  • Built in 1948

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 1,722 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 183
  • Tax Tract Number 3233
  • Assessor Parcel Number 6204019036

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $689
  • Maintenance Expense $972
  • Other Expense $2,400
  • New Taxes Expense $9,147
  • Operating Expense $14,408
  • Gross Income $16,372
  • Net Operating Income $16,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,090

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.36
  • Property Attached: Yes
  • Zoning: SGR3*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6204019036
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 452.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 13041.00
  • Lot Size Acres: 0.2994

Multi Family

  • Gross Income: 16372.00
  • Gross Multiplier: 21.45
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 689.00
  • Lot Size Area: 13041.0000 Square Feet
  • Maintenance Expense: 972.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 16372.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14408.00
  • Other Expense: 2400.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 14408.00

Tax Info

  • New Taxes Expense: 9147.00
  • Tax Census Tract: 5355.01
  • Tax Lot: 183
  • Tax Tract Number: 3233

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2025
Sold by
Valle Julio Cesar and Valle Patricia E
Bought by
Valle Julio Cesar and Valle Patricia E
Current Estimated Value
$978,395

Purchase Details

Listed on
Nov 19, 2019
Closed on
Dec 4, 2019
Sold by
Norman Patricia and Erwin James
Bought by
Valle Julio Cesar and Valle Patricia E
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
David Medina
AFD REALTY, INC.
List Price
$695,000
Sold Price
$780,000
Premium/Discount to List
$85,000
12.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%

Purchase Details

Closed on
Nov 28, 2017
Sold by
Erwin Gwen
Bought by
Erwin Gwen and Gwen Erwin Trust
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
Valle Julio Cesar -- None Listed On Document
Valle Julio Cesar $780,000 Ticor Title
Erwin Gwen -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2019 12/23/19 Sold $780,000 +12.2% $453 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
11/19/2019 11/19/19 For Sale $695,000 -- $404 / 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 $11,090 $853,039 $470,265 $382,774
2024 $11,090 $836,314 $461,045 $375,269
2023 $10,901 $819,916 $452,005 $367,911
2022 $10,387 $803,841 $443,143 $360,698
2021 $10,273 $788,080 $434,454 $353,626
2020 $10,355 $780,000 $430,000 $350,000
2019 $1,845 $63,458 $31,837 $31,621
2018 $1,577 $62,214 $31,213 $31,001
2016 $1,495 $59,800 $30,001 $29,799
2015 $1,474 $58,903 $29,551 $29,352
2014 $1,491 $57,751 $28,973 $28,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19268172

California Regional Multiple Listing Service (CRMLS)

APN: 6204-019-036