NOT LISTED FOR SALE

2954 Nebraska Ave South Gate, CA 90280

Estimated Value: $589,000 - $682,000

2 Beds
2 Baths
1,008 Sq Ft
$642/Sq Ft Est. Value

Last Sold November 07, 2016

Last sale price $325,000 $322 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,823/month

88 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Laundry Room
  • Back Yard

About This Home

As of November 2016

Two units located in a nice residential are of South Gate, easy access to freeways and transporation. These two units are seating on an R4 lots you must see to appreciate, washer and dryer hook ups in garage, two car garage with plenty of room in driveway. You can access this property thru Nebraska Ave as well as thru Tweedy Blvd.

Last Agent to Sell the Property

Rene Alarcon

Big Block Powerhouse Realty License #01273910 Listed on: 02/16/2016

Last Buyer's Agent

Rene Alarcon

Big Block Powerhouse Realty License #01273910 Listed on: 02/16/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,270 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • No Common Walls
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,008 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 4753
  • Assessor Parcel Number 6206011018

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $950
  • Trash Expense $60
  • New Taxes Expense $4,687

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Inclusions: All fixtures
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6206011018
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 322.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, 0-1 Unit/Acre
  • Lot Size Sq Ft: 5270.00
  • Price Per Lot Square Foot: 62.62
  • Lot Size Acres: 0.1210

Multi Family

  • Insurance Expense: 950.00
  • Lot Size Area: 5270.0000 Square Feet
  • Maintenance Percent: 3.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Bay Front

Tax Info

  • New Taxes Expense: 4687.00
  • Tax Lot: 113
  • Tax Tract Number: 4753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Cervantes Pedro Chaides and Cervantes Josefina
Bought by
Cervantes Family Living Trust and Cervantes
Current Estimated Value
$647,217

Purchase Details

Listed on
Feb 16, 2016
Closed on
Sep 26, 2016
Sold by
Vazquez Christina and Jimenez Christina
Bought by
Cervantes Pedro Chaides and Cervantes Josefina
Seller's Agent
Rene Alarcon
Big Block Powerhouse Realty
Buyer's Agent
Rene Alarcon
Big Block Powerhouse Realty
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$243,750
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2007
Sold by
Perez Gabriel
Bought by
Jimenez Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
6.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 29, 2003
Sold by
Hernandez Augustina P
Bought by
Hernandez Agustina Perez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2000
Sold by
Hud
Bought by
Diaz Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.86%

Purchase Details

Closed on
Mar 11, 1999
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Oct 23, 1998
Sold by
Vargas Victor and Vargas Olga
Bought by
Homeside Lending Inc and Bancboston Mtg Corp

Purchase Details

Closed on
Oct 9, 1995
Sold by
Emc Mtg Corp
Bought by
Vargas Victor and Vargas Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,037
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 1994
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Aug 22, 1994
Sold by
Saavedra Joaquin and Great Western Bank Fsb
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cervantes Family Living Trust -- None Listed On Document
Cervantes Pedro Chaides $325,000 Lawyers Title
Jimenez Christina $465,000 Chicago Title Co
Hernandez Agustina Perez -- Ticor Title Co
Diaz Paul $110,000 Benefit Land Title
Hud $150,590 Fidelity National Title Ins
Homeside Lending Inc $150,590 --
Vargas Victor $140,000 Chicago Title Co
Emc Mtg Corp $104,000 Chicago Title Company
Great Western Bank Fsb $85,743 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cervantes Pedro Chaides $243,750
Previous Owner Jimenez Christina $325,500
Previous Owner Hernandez Agustina Perez $169,500
Previous Owner Diaz Paul $104,000
Previous Owner Vargas Victor $138,037
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2016 11/07/16 Sold $325,000 -1.5% $322 / Sq Ft
08/16/2016 08/16/16 Price Changed $330,000 -12.0% $327 / Sq Ft
07/31/2015 07/31/15 For Sale $375,000 -- $372 / 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 $5,047 $377,186 $290,145 $87,041
2024 $5,047 $369,791 $284,456 $85,335
2023 $4,961 $362,541 $278,879 $83,662
2022 $4,729 $355,433 $273,411 $82,022
2021 $4,674 $348,464 $268,050 $80,414
2019 $4,528 $338,130 $260,100 $78,030
2018 $4,413 $331,500 $255,000 $76,500
2016 $6,649 $526,270 $367,824 $158,446
2015 $6,542 $518,365 $362,299 $156,066
2014 $6,542 $508,212 $355,203 $153,009
Source: Public Records

Agents Affiliated with this Home

  • Rene Alarcon

    Seller's Agent in 2016

    Rene Alarcon

    Big Block Powerhouse Realty

    (323) 562-7777

    14 Total Sales

    Rene Alarcon
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15169513

California Regional Multiple Listing Service (CRMLS)

APN: 6206-011-018

California Los Angeles County South Gate 90280

2954 Nebraska Ave, South Gate, CA

Not Listed for Sale

MultiFamily

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