NOT LISTED FOR SALE

8151 Madison Ave South Gate, CA 90280

South Gate Area

Estimated Value: $799,000 - $928,013

3 Beds
2 Baths
1,761 Sq Ft
$484/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2022

Last sale price $750,000 $426 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,516 / mo

12 Days on Market

About This Home

As of February 2022

Two separate homes on the market. Front house is a two bedroom 1 bath with a one car garage and its own driveway, plus separate laundry room/area.
2nd unit is a 1 bedroom 1 bath with own driveway and a two car garage, inside laundry room/area
Nice and big back yard with many fruit trees. Must see to appreciate. Owner recently painted inside and outside
in addition the front unit has a new roof including the one car garage.

Last Agent to Sell the Property

Marie Ojeda

T.N.G. Real Estate Consultants License #01093554 Listed on: 01/12/2022

T.N.G. Real Estate Consultants

Last Buyer's Agent

Karla Medrano

T.N.G Real Estate Consultants License #01418564

T.N.G Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 9,004 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,761 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 119
  • Tax Tract Number 3254
  • Assessor Parcel Number 6211010012
  • $750 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $300
  • Operating Expense $300
  • Gross Income $3,100
  • Net Operating Income $3,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

9,004 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Zoning: SGR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6211010012
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Price Per Square Foot: 425.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9004.00
  • Lot Size Acres: 0.2067

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3100.00
  • Gross Scheduled Income: 3400.00
  • Insurance Expense: 900.00
  • Lot Size Area: 9004.0000 Square Feet
  • Net Operating Income: 3200.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Expenses: 300.00

Tax Info

  • Tax Census Tract: 5355.02
  • Tax Lot: 119
  • Tax Tract Number: 3254
  • TaxOtherAnnualAssessmentAmount: 750.00

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

Listed on
Jan 12, 2022
Closed on
Jan 31, 2022
Sold by
Bought by
Seller's Agent
Marie Ojeda
T.N.G. Real Estate Consultants
Buyer's Agent
Karla Medrano
T.N.G Real Estate Consultants
List Price
$724,900
Sold Price
$750,000
Premium/Discount to List
$25,100
3.46%
Current Estimated Value
$852,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,753
Avg. Annual Appreciation
2.97%
Original Mortgage
$637,500
Outstanding Balance
$591,967
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$260,786

Purchase Details

Closed on
Mar 5, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,500
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,146
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$750,000 Ticor Title
-- Commonwealth
$165,000 First American
$211,413 First Southwestern 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 $637,500
Previous Owner $326,500
Previous Owner $161,146
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
02/24/2022 02/24/22 Sold $750,000 0.0% $426 / Sq Ft
02/24/2022 02/24/22 Off Market $750,000 -- --
02/11/2022 02/11/22 For Sale $724,900 -3.3% $412 / Sq Ft
01/21/2022 01/21/22 Off Market $750,000 -- --
01/12/2022 01/12/22 For Sale $724,900 -- $412 / 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 $10,442 $795,906 $530,604 $265,302
2024 $10,169 $780,300 $520,200 $260,100
2023 $9,992 $765,000 $510,000 $255,000
2022 $8,395 $642,600 $387,600 $255,000
2021 $6,957 $534,526 $326,329 $208,197
2020 $7,011 $529,046 $322,983 $206,063
2019 $6,739 $518,673 $316,650 $202,023
2018 $6,599 $508,504 $310,442 $198,062
2016 $6,309 $488,760 $298,388 $190,372
2015 $6,209 $481,419 $293,906 $187,513
2014 $6,212 $471,989 $288,149 $183,840
Source: Public Records

Agents Affiliated with this Home

  • Marie Ojeda

    Seller's Agent in 2022

    Marie Ojeda

    T.N.G. Real Estate Consultants

    (213) 706-2172

    58 Total Sales

    Marie Ojeda
    Section Image
  • Karla Medrano

    Buyer's Agent in 2022

    Karla Medrano

    T.N.G Real Estate Consultants

    (562) 331-0975

    14 Total Sales

    Karla Medrano
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22007130

California Regional Multiple Listing Service (CRMLS)

APN: 6211-010-012

California Los Angeles County South Gate 90280

8151 Madison Ave, South Gate, CA

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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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