NOT LISTED FOR SALE

8157 Virginia Ave South Gate, CA 90280

Estimated Value: $1,095,000 - $1,306,000

12 Beds
4 Baths
4,388 Sq Ft
$272/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $1,100,000 $251 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,700/month

14 Days on Market

Highlights

  • Golf Course Community
  • RV Access or Parking
  • Property is near a park
  • Legacy High School Complex Rated A-
  • Midcentury Modern Architecture
  • Granite Countertops

About This Home

As of November 2022

Excellent 4-UNIT apartment building on a quiet residential street. ALL FOUR UNITS are mirror floorplans: Four THREE bedrooms with 1 bath each. Public records indicate there are four 2 bedroom units- which owner says is incorrect. ALL FOUR units have all been updated with tile flooring, remodeled kitchens with newer cabinets and granite countertops, all remodeled bathrooms, dual pane windows throughout. Laundry room washing machine and dryer are brand new and are not coin-op. Master water heater to all units is brand new. 4 car garage and 1 carport plus lots of car parking on beautiful paver drive. Check with city about building additional ADU. Rents are unrealistically LOW to many years of long-term tenants so re-analyze for current market rents.

Last Agent to Sell the Property

Carla Lowringer

T.N.G. Real Estate Consultants License #00967595 Listed on: 10/02/2022

T.N.G. Real Estate Consultants

Last Buyer's Agent

Carla Lowringer

T.N.G. Real Estate Consultants License #00967595 Listed on: 10/02/2022

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,572

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 5,804 Sq Ft Lot
  • Lot Dimensions are 60x97
  • Two or More Common Walls
  • South Facing Home
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 1 Attached Carport Space
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Brick Driveway
  • Shared Driveway
  • Driveway Level
  • RV Access or Parking

Home Design

  • Midcentury Modern Architecture
  • Spanish Architecture
  • Quadruplex
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,388 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Courtyard Views

Kitchen

  • Gas Oven
  • Free-Standing Range
  • Range Hood
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 3254
  • Assessor Parcel Number 6215024015
  • $1,190 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Golf Course Community
  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $186
  • Water Sewer Expense $50
  • Operating Expense $3,000
  • Gross Income $96,000
  • Net Operating Income $93,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,572

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 50.00
  • Zoning: SGR3YY
  • Architectural Style: Mid Century Modern, Spanish
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6215024015
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 250.68
  • Room Type: Laundry
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • View: Courtyard
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Driveway - Brick, Concrete, Driveway Level, Garage, Garage Faces Front, Garage - Two Door, RV Access/Parking, RV Potential, Shared Driveway
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven, Gas Water Heater, Range Hood, Water Heater Central, Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 186.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Golf, Gutters, Park, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Rectangular Lot, Park Nearby
  • Lot Size: 60x97
  • Lot Size Sq Ft: 5804.00
  • Lot Size Acres: 0.1332
  • Latitude Manual: 33.96141000

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Gross Income: 96000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5804.0000 Square Feet
  • Net Operating Income: 93000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 3000.00

Tax Info

  • Tax Census Tract: 5357.01
  • Tax Lot: 23
  • Tax Tract Number: 3254
  • TaxOtherAnnualAssessmentAmount: 1190.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2022
Closed on
Oct 19, 2022
Sold by
Olga Valle Family Revocable Living Trust
Bought by
Quintero Family Revocable Living Trust
Seller's Agent
Carla Lowringer
T.N.G. Real Estate Consultants
Buyer's Agent
Carla Lowringer
T.N.G. Real Estate Consultants
List Price
$1,100,000
Sold Price
$1,100,000
Views
38
Current Estimated Value
$1,192,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,760
Avg. Annual Appreciation
3.04%

Purchase Details

Closed on
Apr 5, 2020
Sold by
Valle Olga
Bought by
Valle Olga and Olga Valle Family Revocable Li

Purchase Details

Closed on
May 22, 2019
Sold by
Valle Olga
Bought by
Valle Olga
Source: Public Records

Range of Values:

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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
Quintero Family Revocable Living Trust $1,100,000 Stewart Title Of California
Valle Olga -- Chicago Title
Valle Olga -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $1,100,000 0.0% $251 / Sq Ft
10/16/2022 10/16/22 Pending -- -- --
10/16/2022 10/16/22 Off Market $1,100,000 -- --
10/16/2022 10/16/22 For Sale $1,100,000 0.0% $251 / Sq Ft
10/07/2022 10/07/22 Off Market $1,100,000 -- --
10/05/2022 10/05/22 Price Changed $1,100,000 +10.0% $251 / Sq Ft
10/02/2022 10/02/22 For Sale $1,000,000 -- $228 / 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 $14,572 $1,144,440 $728,280 $416,160
2024 $14,572 $1,122,000 $714,000 $408,000
2023 $14,319 $1,100,000 $700,000 $400,000
2022 $2,751 $132,092 $19,374 $112,718
2021 $2,693 $129,503 $18,995 $110,508
2020 $2,699 $128,176 $18,801 $109,375
2019 $2,621 $125,664 $18,433 $107,231
2018 $2,490 $123,201 $18,072 $105,129
2016 $2,332 $118,419 $17,371 $101,048
2015 $2,297 $116,642 $17,111 $99,531
2014 $2,313 $114,358 $16,776 $97,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22214013

California Regional Multiple Listing Service (CRMLS)

APN: 6215-024-015