NOT LISTED FOR SALE

2926 Iowa Ave Unit A South Gate, CA 90280

Estimated Value: $1,032,000 - $1,291,000

3 Beds
2 Baths
2,849 Sq Ft
$409/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $970,000 $340 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,838/month

74 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 5-minute walk to Stanford Avenue Park
  • Legacy High School Complex Rated A-

About This Home

As of January 2022

PRICE REDUCED 80,000.

4 UNITS. UNIT C IS NOT OCCUPIED. UNITS B-D SAME LAYOUT. UNIT B HAS ACCESS TO THE PATIO FROM THE UNIT. ALL OTHER UNITS CAN ACCESS THE PATIO FROM THE GATE. SWIMMING POOL WAS FILLED IN WITH DIRT AND GRASS FROM THE PREVIOUS OWNERS.
SUBJECT TO CITY OF SOUTH GATE INSPECTION. LANDLORD PAYS WATER ONLY. ALL OTHER UTILITIES PAID BY TENANTS

Last Agent to Sell the Property

Cheryl Boling-Hernandez

Casitas Real Estate License #01326015 Listed on: 08/11/2021

Last Buyer's Agent

jay Dellawar

C-21 Classic Estates License #02001160

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,402

Year Built

  • Built in 1964

Lot Details

  • 5,378 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,849 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection
  • Tax Lot 313
  • Tax Tract Number 4753
  • Assessor Parcel Number 6206002013
  • $1,019 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $800
  • Operating Expense $800
  • Gross Income $5,475
  • Net Operating Income $4,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,402

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 270000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6206002013
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 340.47

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5378.00
  • Lot Size Acres: 0.1235

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Gross Income: 5475.00
  • Gross Scheduled Income: 5475.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5378.0000 Square Feet
  • Net Operating Income: 4975.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 500.00
  • Rent Control: No
  • Total Actual Rent: 4025.00
  • Total Expenses: 800.00

Tax Info

  • Tax Census Tract: 5356.05
  • Tax Lot: 313
  • Tax Tract Number: 4753
  • TaxOtherAnnualAssessmentAmount: 1019.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2023
Sold by
Dellawar Jamshed
Bought by
2926 Iowa Ave Llc
Current Estimated Value
$1,090,814

Purchase Details

Closed on
Jul 18, 2007
Sold by
Perez Raul C and Perez Raul
Bought by
Perez Raul C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2005
Sold by
Perez Raul
Bought by
Perez Raul C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2003
Sold by
Saucedo Gorgonio and Saucedo Micaela
Bought by
Perez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
8.12%
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
2926 Iowa Ave Llc -- Accommodation/Courtesy Recordi
Perez Raul C -- Ticor Title Company
Perez Raul C -- Southland Title Corporation
Perez Raul $349,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Raul C $417,000
Previous Owner Perez Raul C $407,000
Previous Owner Perez Raul $273,600
Closed Perez Raul $68,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2022 01/05/22 Sold $970,000 -10.2% $340 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $1,080,000 -- $379 / 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 $13,402 $1,029,370 $636,724 $392,646
2024 $13,054 $1,009,188 $624,240 $384,948
2023 $12,826 $989,400 $612,000 $377,400
2022 $6,530 $476,296 $176,048 $300,248
2021 $6,443 $466,958 $172,597 $294,361
2019 $6,244 $453,110 $167,479 $285,631
2018 $6,103 $444,227 $164,196 $280,031
2016 $5,814 $426,979 $157,821 $269,158
2015 $5,720 $420,566 $155,451 $265,115
2014 $5,730 $412,328 $152,406 $259,922
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Cheryl Boling-Hernandez

    Casitas Real Estate

    (714) 279-8295

    1 in this area

    12 Total Sales

    Cheryl Boling-Hernandez
    Section Image

  • j

    Buyer's Agent in 2022

    jay Dellawar

    C-21 Classic Estates

    (562) 865-2992

    3 in this area

    6 Total Sales

    jay Dellawar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21177417

California Regional Multiple Listing Service (CRMLS)

APN: 6206-002-013

California Los Angeles County South Gate 90280

2926 Iowa Ave Unit A, South Gate, CA

This home is located at 2926 Iowa Ave Unit A, South Gate, CA 90280 since 11 August 2021 and is currently estimated at $1,165,686, approximately $409 per square foot. This property was built in 1964. 2926 Iowa Ave Unit A 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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