NOT LISTED FOR SALE

3205 Seminole Ave South Gate, CA 90280

Estimated Value: $916,000 - $1,198,000

8 Beds
4 Baths
3,644 Sq Ft
$290/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $900,000 $247 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,764/month

165 Days on Market

Highlights

  • Gated Parking
  • Corner Lot
  • Wrought Iron Fence
  • Legacy High School Complex Rated A-
  • Laundry Room
  • West Facing Home

About This Home

As of October 2022

Great opportunity to own a fourplex in the highly desirable City of South Gate. Large (4) 2 bedroom/1 bath units in a low maintenance property. Each unit has a garage and there is plenty of additional parking onsite. Property has great upside potential for new owner. Selling as-is.

Last Agent to Sell the Property

Daisy Felix

Realty One Group United License #01922873 Listed on: 03/31/2022

Realty One Group United

Last Buyer's Agent

Daisy Felix

Realty One Group United License #01922873 Listed on: 03/31/2022

Realty One Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,150

Year Built

  • Built in 1962

Lot Details

  • 6,476 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Wrought Iron Fence
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Gated Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,644 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 5222
  • Assessor Parcel Number 6207025013
  • $1,179 per year additional tax assessments

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $305
  • Fuel Expense $1,512
  • Gardener Expense $890
  • Insurance Expense $1,677
  • Maintenance Expense $1,946
  • Pest Control $350
  • Water Sewer Expense $3,832
  • Operating Expense $9,034
  • Gross Income $72,910
  • Net Operating Income $52,832

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,150

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 250000
  • Property Attached: Yes
  • Water Sewer Expenses: 3832.00
  • Zoning: SGR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 890.00
  • Parcel Number: 6207025013
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 246.98

Exterior Features

  • Direction Faces: West
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 350.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6476.00
  • Lot Size Acres: 0.1487

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 305.00
  • Fuel Expense: 1512.00
  • Gross Income: 72910.00
  • Gross Scheduled Income: 78192.00
  • Insurance Expense: 1677.00
  • Lot Size Area: 6476.0000 Square Feet
  • Maintenance Expense: 1946.00
  • Net Operating Income: 52832.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 25360.00
  • Rent Control: No
  • Total Expenses: 9034.00

Tax Info

  • Tax Census Tract: 5356.07
  • Tax Lot: 38
  • Tax Tract Number: 5222
  • TaxOtherAnnualAssessmentAmount: 1179.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Sep 13, 2022
Sold by
Ramon Gallegos Trust
Bought by
Felix Javier and Felix Daisy
Seller's Agent
Daisy Felix
Realty One Group United
Buyer's Agent
Daisy Felix
Realty One Group United
List Price
$1,075,000
Sold Price
$900,000
Premium/Discount to List
-$175,000
-16.28%
Views
36
Current Estimated Value
$1,057,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,582
Avg. Annual Appreciation
4.22%
Original Mortgage
$540,000
Outstanding Balance
$519,741
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$492,863

Purchase Details

Closed on
Apr 23, 2019
Sold by
Gallegos Ramon
Bought by
Ramon Gallegos Trust

Purchase Details

Listed on
Sep 10, 2018
Closed on
Oct 22, 2018
Sold by
Rosas Maura
Bought by
Gallegos Ramon
Seller's Agent
PERCY ESTRADA
AMERIPRIDE PROPERTIES
Buyer's Agent
Gil Legaspi
Realty Executives Com. & Res.
List Price
$909,900
Sold Price
$860,000
Premium/Discount to List
-$49,900
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$460,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2014
Sold by
Rosas Raymond
Bought by
Rosas Maura

Purchase Details

Closed on
Jul 9, 2001
Sold by
Carrillo Rosalinda
Bought by
Rosas Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,210
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 16, 1998
Sold by
Pena Herman G
Bought by
Pena Maria E
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
Felix Javier $900,000 Wfg Title Company
Ramon Gallegos Trust -- None Available
Gallegos Ramon $860,000 Stewart Title Company
Rosas Maura -- None Available
Rosas Raymond $310,000 American Title Co
Pena Maria E -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Felix Javier $540,000
Previous Owner Gallegos Ramon $460,000
Previous Owner Rosas Raymond $494,000
Previous Owner Rosas Raymond $470,150
Previous Owner Rosas Raymond $317,492
Previous Owner Rosas Raymond $305,210
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $900,000 -10.0% $247 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/01/2022 09/01/22 Price Changed $999,999 -7.0% $274 / Sq Ft
08/24/2022 08/24/22 For Sale $1,075,000 +19.4% $295 / Sq Ft
04/15/2022 04/15/22 Off Market $900,000 -- --
03/31/2022 03/31/22 For Sale $1,075,000 +25.0% $295 / Sq Ft
12/03/2018 12/03/18 Sold $860,000 0.0% $236 / Sq Ft
11/08/2018 11/08/18 Off Market $860,000 -- --
09/10/2018 09/10/18 For Sale $909,900 -- $250 / 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 $12,150 $936,360 $561,816 $374,544
2024 $12,150 $918,000 $550,800 $367,200
2023 $11,941 $900,000 $540,000 $360,000
2022 $12,017 $938,400 $561,000 $377,400
2021 $11,479 $886,287 $329,781 $556,506
2020 $11,570 $878,520 $326,400 $552,120
2019 $11,116 $861,320 $320,000 $541,320
2018 $5,755 $403,794 $142,810 $260,984
2016 $5,474 $386,847 $137,265 $249,582
2015 $5,387 $381,038 $135,204 $245,834
2014 $5,399 $373,575 $132,556 $241,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22061654

California Regional Multiple Listing Service (CRMLS)

APN: 6207-025-013