NOT LISTED FOR SALE

3111 Illinois Ave Unit A-D South Gate, CA 90280

Estimated Value: $1,227,000 - $1,818,000

8 Beds
4 Baths
3,154 Sq Ft
$485/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $1,165,000 $369 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,179/month

128 Days on Market

Highlights

  • City Lights View
  • Open Floorplan
  • Wrought Iron Fence
  • Legacy High School Complex Rated A-
  • Accessible Parking
  • Turnkey

About This Home

As of January 2020

NON-RENT Controlled City! Take opportunity for this great investment Property, Each unit has great rental income.
This building futures 4 units all of them are 2 Bedrooms with 1 Bath. 8 open parking spaces, each unit has its own gas and electric meters, large family rooms, bedrooms are big, spacious kitchen and natural light, 3 of the units were recently remodeled, new, kitchen cabinets, quartz counter tops, new paint, new bathrooms, new laminated flooring, New cooper pluming, New paint, recessed lights, and much more

Last Agent to Sell the Property

Maribel Villalobos

Twin Homes & Loans License #01818908 Listed on: 08/25/2019

Last Buyer's Agent

Jose Aguilar

Excellence RE Real Estate License #01701899

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,965

Year Built

  • Built in 1960

Lot Details

  • 6,075 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Property Attached
  • Turnkey
  • Fire Rated Drywall
  • Shingle Roof
  • Partial Copper Plumbing

Interior Spaces

  • 3,154 Sq Ft Home
  • 2-Story Property
  • Open Floorplan

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 37
  • Tax Tract Number 4753
  • Assessor Parcel Number 6206021013

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $4,200
  • New Taxes Expense $9,724
  • Operating Expense $15,124
  • Gross Income $73,676
  • Net Operating Income $73,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,965

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.32
  • Other Phone Description: Office
  • Other Phone Number: 844-663-6337
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 4200.00
  • Zoning: SGR3YY
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6206021013
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 369.37

Exterior Features

  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6075.00
  • Lot Size Acres: 0.1395

Rental Info

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

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 73676.00
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6075.0000 Square Feet
  • Net Operating Income: 73676.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 15124.00
  • Rent Control: No
  • Total Expenses: 15124.00

Tax Info

  • New Taxes Expense: 9724.00
  • Tax Census Tract: 5356.05
  • Tax Lot: 37
  • Tax Tract: 4753
  • Tax Tract Number: 4753

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2019
Closed on
Jan 23, 2020
Sold by
Hod Properties Llc
Bought by
Rcb Investments Llc
Seller's Agent
Maribel Villalobos
Twin Homes & Loans
Buyer's Agent
Jose Aguilar
Excellence RE Real Estate
List Price
$1,165,000
Sold Price
$1,165,000
Current Estimated Value
$1,433,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,605
Avg. Annual Appreciation
5.05%
Original Mortgage
$832,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2017
Sold by
Gutierrez Maria E
Bought by
Hod Properties Llc

Purchase Details

Closed on
Jul 2, 2015
Sold by
Gonez Martin Jorge
Bought by
Mlig Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2015
Sold by
Audelo Sonia P Gonzalez
Bought by
Gonez Martin Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2015
Sold by
Gonzalez Audelo Sonia P
Bought by
Gonzalez Audelo Sonia P
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
Rcb Investments Llc $1,165,000 Provident Title Company
Hod Properties Llc $735,000 First American Title Ins Co
Mlig Land Trust -- None Available
Gonez Martin Jorge -- None Available
Gonzalez Audelo Sonia P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rcb Investments Llc $1,210,000
Closed Rcb Investments Llc $832,000
Previous Owner Mlig Land Trust $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $1,165,000 0.0% $369 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
08/25/2019 08/25/19 For Sale $1,165,000 -- $369 / 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 $15,965 $1,274,093 $508,543 $765,550
2024 $15,965 $1,249,112 $498,572 $750,540
2023 $15,684 $1,224,621 $488,797 $735,824
2022 $14,919 $1,200,610 $479,213 $721,397
2021 $14,745 $1,177,069 $469,817 $707,252
2020 $10,311 $779,987 $191,017 $588,970
2019 $9,907 $764,694 $187,272 $577,422
2018 $9,724 $749,700 $183,600 $566,100
2016 $8,218 $629,455 $406,100 $223,355
2015 $5,628 $409,844 $102,461 $307,383
2014 -- $401,816 $100,454 $301,362
Source: Public Records

Agents Affiliated with this Home

  • Maribel Villalobos

    Seller's Agent in 2020

    Maribel Villalobos

    Twin Homes & Loans

    (844) 663-6337

    43 Total Sales

    Section Image
  • Jose Aguilar

    Buyer's Agent in 2020

    Jose Aguilar

    Excellence RE Real Estate

    (562) 862-1161

    17 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19203636

California Regional Multiple Listing Service (CRMLS)

APN: 6206-021-013

California Los Angeles County South Gate 90280

3111 Illinois Ave Unit A-D, South Gate, CA

This home is located at 3111 Illinois Ave Unit A-D, South Gate, CA 90280 since 25 August 2019 and is currently estimated at $1,528,822, approximately $484 per square foot. This property was built in 1960. 3111 Illinois Ave Unit A-D 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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