5237 Duncan Way South Gate, CA 90280
Estimated Value: $808,000 - $923,212
4
Beds
3
Baths
1,863
Sq Ft
$462/Sq Ft
Est. Value
Highlights
- Lawn
- 3 Car Garage
- Wrought Iron Fence
- Legacy High School Complex Rated A-
About This Home
As of February 20205237 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.
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
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%
Total Days on Market
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,803
Avg. Annual Appreciation
5.36%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $506,000 | |
| Closed | Jimenez Maria Elena | $502,500 | |
| Previous Owner | Marquez Adrian | $458,500 | |
| Previous Owner | Marquez Adrian | $131,000 | |
| Previous Owner | Marquez Adrian | $103,000 | |
| Previous Owner | Marquez Adrian | $412,000 | |
| Previous Owner | Diaz Ruben Herrera | $219,786 | |
| Previous Owner | Diaz Ruben Herrera | $222,311 | |
| 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
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 |
|---|---|---|---|---|
| 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
132 Total Sales
-
Roberto Turcios
Buyer's Agent in 2020
Roberto Turcios
RE/MAX
(562) 746-5031
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20002687
APN: 6222-035-018
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