NOT LISTED FOR SALE

Estimated Value: $704,417 - $805,000

3 Beds
3 Baths
1,722 Sq Ft
$449/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2023

Last sale price $750,000 $436 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,071 / mo

3 Days on Market

Highlights

  • Laundry Facilities
  • Back and Front Yard
  • 1-Story Property
  • Block Wall Fence

About This Home

As of July 2023

Great investment property! Two separate homes on a lot located in a desirable South Gate neighborhood. With a little TLC, you can live in one home and rent the other. Front house has 3 bedrooms, including a master, and 2 full bathrooms. Rear unit is a studio with a 3/4 bathroom. Rents are below market value, with great upside potential.

Last Agent to Sell the Property

Pat Szmagalski

Excellence RE Real Estate, Inc. License #01432713 Listed on: 05/08/2023

Last Buyer's Agent

Maria Lizarraga

Building Better Homes License #01172582

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 5,841 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back and Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,722 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • On-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 77
  • Tax Tract Number 5496
  • Assessor Parcel Number 6222032022
  • $686 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Fuel Expense $250
  • Insurance Expense $1,200
  • Trash Expense $400
  • Water Sewer Expense $500
  • Operating Expense $3,430
  • Gross Income $25,300
  • Net Operating Income $25,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

5,841 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 500.00
  • Zoning: SGR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6222032022
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 435.54

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking Features: Driveway, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5841.00
  • Lot Size Acres: 0.1341

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1080.00
  • Fuel Expense: 250.00
  • Gross Income: 25300.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5841.0000 Square Feet
  • Net Operating Income: 25300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2300.00
  • Rent Control: No
  • Total Actual Rent: 2300.00
  • Total Expenses: 3430.00

Tax Info

  • Tax Census Tract: 5361.04
  • Tax Lot: 77
  • Tax Tract Number: 5496
  • TaxOtherAnnualAssessmentAmount: 686.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2024
Sold by
Bought by
Current Estimated Value
$773,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,893
Outstanding Balance
$723,072
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$50,782

Purchase Details

Listed on
May 8, 2023
Closed on
May 18, 2023
Sold by
Bought by
Seller's Agent
Pat Szmagalski
Excellence RE Real Estate, Inc.
Buyer's Agent
Maria Lizarraga
Building Better Homes
List Price
$750,000
Sold Price
$750,000
Views
120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.02%
Original Mortgage
$736,415
Interest Rate
6.5%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Gate, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$750,000 Ticor Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $737,893
Previous Owner $736,415
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $750,000 0.0% $436 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $750,000 -- $436 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,820 $765,000 $510,000 $255,000
2024 $9,601 $750,000 $500,000 $250,000
2023 $3,189 $209,725 $95,686 $114,039
2022 $3,049 $205,613 $93,810 $111,803
2021 $3,007 $201,582 $91,971 $109,611
2020 $3,024 $199,516 $91,028 $108,488
2019 $2,916 $195,605 $89,244 $106,361
2018 $2,819 $191,771 $87,495 $104,276
2016 $2,681 $184,327 $84,099 $100,228
2015 $2,639 $181,559 $82,836 $98,723
2014 $2,646 $178,004 $81,214 $96,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23077707

California Regional Multiple Listing Service (CRMLS)

APN: 6222-032-022

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