NOT LISTED FOR SALE

5237 Duncan Way South Gate, CA 90280

Estimated Value: $855,000 - $1,001,000

4 Beds
3 Baths
1,863 Sq Ft
$502/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $670,000 $360 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,755/month

7 Days on Market

Highlights

  • Lawn
  • 3 Car Garage
  • Wrought Iron Fence
  • Legacy High School Complex Rated A-

About This Home

As of February 2020

5237 Duncan is a rare fixer upper opportunity for an investor and/or owner-occupier to acquire a 3 unit property in South Gate as an investment in a strong rental market.

The property boasts a nice unit mix of a 2 bed/1 bath house in the front plus (2) 1 bed/1 bath units in the rear, along with a separately converted garage unit to offer additional rental income. The building was originally built in 1956 with a total size of 1,863 SF, sitting on a large 8,221SF lot zoned R3. All units will be delivered vacant at close of escrow and property to be sold in As-Is condition.

Prime Location in the highly populated city of South Gate in the county of Los Angeles near Downey, Cudahy, Lynwood Village, Parks, Los Amigos Golf Course, Courthouse, Entertainment, Restaurants & Shops.

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 01/06/2020

Last Buyer's Agent

Roberto Turcios

Re/Max Top Producers License #01873364

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,581

Year Built

  • Built in 1956

Lot Details

  • 8,221 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • 1,863 Sq Ft Home
  • Triplex
  • Fixer Upper
  • Spanish Tile Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 112
  • Tax Tract Number 5496
  • Assessor Parcel Number 6222035018

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $19,617
  • Gross Income $56,220
  • Net Operating Income $35,479

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,581

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: SGR3YY
  • Property Condition: Fixer
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6222035018
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 359.63

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Spanish Tile
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, On Site
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lawn, Lot 6500-9999
  • Lot Size Sq Ft: 8221.00
  • Lot Size Acres: 0.1887

Multi Family

  • Gross Income: 56220.00
  • Gross Scheduled Income: 56220.00
  • Lot Size Area: 8221.0000 Square Feet
  • Net Operating Income: 35479.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 19617.00
  • Rent Control: No
  • Total Expenses: 19617.00

Tax Info

  • Tax Census Tract: 5361.04
  • Tax Lot: 112
  • Tax Tract Number: 5496

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Jan 28, 2020
Sold by
Oceio Macaria Isabel
Bought by
Jimenez Maria Elena
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Roberto Turcios
Re/Max Top Producers
List Price
$649,000
Sold Price
$670,000
Premium/Discount to List
$21,000
3.24%
Current Estimated Value
$935,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,045
Avg. Annual Appreciation
6.08%
Original Mortgage
$502,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2020
Closed on
Jan 22, 2020
Sold by
Champery Rental Reo Llc
Bought by
Jimenez Maria Elena
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
Roberto Turcios
Re/Max Top Producers
List Price
$649,000
Sold Price
$670,000
Premium/Discount to List
$21,000
3.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2019
Sold by
Wedgewood Intermediary I Llc
Bought by
Chumpery Rental Reo Llc

Purchase Details

Closed on
Sep 3, 2019
Sold by
Marquez Adrian
Bought by
Wedgewood Intermediary 1 Llc

Purchase Details

Closed on
Jan 3, 2005
Sold by
Marquez Ana Elena
Bought by
Marquez Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2004
Sold by
Diaz Ruben Herrera and Herrera Micaela
Bought by
Marquez Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 1993
Sold by
Davison Clifford Arthur and Davison Nancy Mae
Bought by
Diaz Ruben Herrera and Herrera Micaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,162
Interest Rate
6.98%
Mortgage Type
FHA
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
Jimenez Maria Elena -- Fidelity National Title Co
Jimenez Maria Elena $670,000 Fidelity National Title Co
Chumpery Rental Reo Llc $555,000 Synrgo Inc
Wedgewood Intermediary 1 Llc $555,000 Stewart Title
Marquez Adrian -- Diversified Title & Escrow S
Marquez Adrian $515,000 Diversified Title
Diaz Ruben Herrera $240,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Maria Elena $502,500
Previous Owner Marquez Adrian $412,000
Previous Owner Diaz Ruben Herrera $220,162
Closed Marquez Adrian $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2020 02/06/20 Sold $670,000 +3.2% $360 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $649,000 -- $348 / 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 $9,581 $732,739 $519,480 $213,259
2024 $9,581 $718,373 $509,295 $209,078
2023 $9,417 $704,288 $499,309 $204,979
2022 $8,974 $690,479 $489,519 $200,960
2021 $8,871 $676,941 $479,921 $197,020
2020 $8,645 $645,340 $475,000 $170,340
2019 $8,440 $643,858 $399,857 $244,001
2018 $8,256 $631,241 $392,017 $239,224
2016 $7,900 $606,404 $376,796 $229,608
2015 $7,774 $597,297 $371,137 $226,160
2014 $7,779 $585,597 $363,867 $221,730
Source: Public Records

Agents Affiliated with this Home

  • Brian Noh

    Seller's Agent in 2020

    Brian Noh

    Nohco Real Estate

    (213) 804-7647

    137 Total Sales

    Brian Noh
    Section Image
  • Roberto Turcios

    Buyer's Agent in 2020

    Roberto Turcios

    RE/MAX

    (562) 746-5031

    1 in this area

    26 Total Sales

    Roberto Turcios
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20002687

California Regional Multiple Listing Service (CRMLS)

APN: 6222-035-018

California Los Angeles County South Gate 90280

5237 Duncan Way, South Gate, CA

This home is located at 5237 Duncan Way, South Gate, CA 90280 since 06 January 2020 and is currently estimated at $935,045, approximately $501 per square foot. This property was built in 1956. 5237 Duncan Way is a home located in Los Angeles County with nearby schools including Tweedy Elementary School, South Gate Middle School, and Southeast 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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