NOT LISTED FOR SALE

2805 Nebraska Ave Unit A-C South Gate, CA 90280

Estimated Value: $809,000 - $938,000

3 Beds
3 Baths
1,872 Sq Ft
$467/Sq Ft Est. Value

Last Sold December 26, 2017

Last sale price $515,000 $275 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $5,227/month

128 Days on Market

Highlights

  • No Units Above
  • All Bedrooms Downstairs
  • Living Room
  • Legacy High School Complex Rated A-
  • No HOA
  • Laundry Room

About This Home

As of December 2017

Fantastic rental triplex in the heart of South Gate. One unit consists of 2 bedrooms and 1 bathroom, 2nd unit consist of 1 bedroom 1 bathroom, and 3rd unit is a studio with 1 bathroom.

Last Agent to Sell the Property

Joe Tijerina

Centurion Real Estate & Mtg. License #00270277 Listed on: 07/10/2017

Last Buyer's Agent

Abel Ducoing

Century 21 On Target License #01985689

Century 21 On Target

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,696

Year Built

  • Built in 1937

Lot Details

  • 5,403 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Front Yard

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1,872 Sq Ft Home
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Tax Lot 130
  • Tax Tract Number 4753
  • Assessor Parcel Number 6205013008

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,078
  • Trash Expense $800
  • Water Sewer Expense $1,600
  • New Taxes Expense $6,266
  • Operating Expense $9,744
  • Net Operating Income $30,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,696

Year Built

Built in 1937

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: 562-693-4571
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1600.00
  • Zoning: SGR4YY
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6205013008
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 275.11
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5403.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 32160.00
  • Insurance Expense: 1078.00
  • Net Operating Income: 30960.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 2680.00
  • Total Expenses: 9743.50

Tax Info

  • New Taxes Expense: 6265.50
  • Tax Census Tract: 5356.06
  • Tax Lot: 130
  • Tax Tract Number: 4753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2017
Closed on
Nov 16, 2017
Sold by
Tinnes Patrick P
Bought by
Rodriguez George
Seller's Agent
Joe Tijerina
Centurion Real Estate & Mtg.
Buyer's Agent
Abel Ducoing
Century 21 On Target
List Price
$525,000
Sold Price
$515,000
Premium/Discount to List
-$10,000
-1.9%
Current Estimated Value
$874,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,474
Avg. Annual Appreciation
7.00%
Original Mortgage
$242,500
Outstanding Balance
$203,471
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$671,003

Purchase Details

Closed on
Apr 23, 2014
Sold by
Singer Kevin A
Bought by
Tinnes Patrick P and Tinnes Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2011
Sold by
Tinnes Karen L
Bought by
Tinnes Patrick P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2011
Sold by
Armijo Daniel A
Bought by
Armijo Daniel A and Tinnes Patrick P

Purchase Details

Closed on
Jun 22, 2010
Sold by
Armijo Joyce
Bought by
Armijo Daniel A

Purchase Details

Closed on
May 20, 2010
Sold by
Samano Philip G
Bought by
Armijo Daniel A and Tinnes Karen

Purchase Details

Closed on
Sep 9, 2005
Sold by
Samano Martha G
Bought by
Samano Philip G

Purchase Details

Closed on
Apr 8, 2005
Sold by
Enriquez Albert
Bought by
Samano Martha G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,600
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 4, 1998
Sold by
Buenrostro Juan M
Bought by
Enriquez Albert
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
Rodriguez George $515,000 Old Republic Title Company
Tinnes Patrick P $395,000 Old Republic Title Co
Tinnes Patrick P -- Fidelity National Title Co
Armijo Daniel A -- Fidelity National Title Co
Armijo Daniel A -- None Available
Armijo Daniel A -- Accommodation
Armijo Daniel A -- California Title Company
Armijo Daniel A $220,000 California Title Company
Samano Philip G -- --
Samano Martha G $450,000 First Southwestern Title Co
Enriquez Albert $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez George $242,500
Previous Owner Tinnes Patrick P $204,000
Previous Owner Armijo Daniel A $20,000
Previous Owner Armijo Daniel A $100,000
Previous Owner Samano Martha G $359,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2017 12/26/17 Sold $515,000 -1.9% $275 / Sq Ft
09/21/2017 09/21/17 For Sale $525,000 +1.9% $280 / Sq Ft
08/14/2017 08/14/17 Off Market $515,000 -- --
07/10/2017 07/10/17 For Sale $525,000 -- $280 / 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 $7,696 $585,976 $216,184 $369,792
2024 $7,696 $574,488 $211,946 $362,542
2023 $7,564 $563,225 $207,791 $355,434
2022 $7,206 $552,182 $203,717 $348,465
2021 $7,120 $541,356 $199,723 $341,633
2019 $6,896 $525,700 $193,800 $331,900
2018 $6,751 $515,400 $190,000 $325,400
2017 $4,563 $330,033 $163,577 $166,456
2016 $4,443 $323,563 $160,370 $163,193
2015 $4,767 $318,704 $157,962 $160,742
2014 $3,903 $272,382 $110,149 $162,233
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17154137

California Regional Multiple Listing Service (CRMLS)

APN: 6205-013-008