NOT LISTED FOR SALE

8162 Elizabeth Ave South Gate, CA 90280

Estimated Value: $799,000 - $1,020,224

4 Beds
3 Baths
1,844 Sq Ft
$485/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $625,000 $339 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,590/month

36 Days on Market

About This Home

As of July 2019

Just listed for sale (3) Unit residential income property buildings. Great addition to any real estate portfolio. Ideal for any investor looking for upside potential. This property consists of (3) Units, two bedroom one bath house in the front and two one bedroom one bath units in the back. Centrally located in great rental Area.

Last Agent to Sell the Property

Rene Cardona

SOUTHLAND Real Estate Service License #01033230 Listed on: 04/17/2019

SOUTHLAND Real  Estate Service

Last Buyer's Agent

Juan Guinto

SOUTH POINTE PROPERTIES License #01794515

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,761

Year Built

  • Built in 1922

Lot Details

  • 6,661 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,844 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 3254
  • Assessor Parcel Number 6215024035

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,761

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Other Phone Description: 323 522-1380
  • Other Phone Ext: 259
  • Other Phone Number: 323 923-1079
  • Property Attached: No
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6215024035
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 338.94

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6661.00
  • Lot Size Acres: 0.1529

Multi Family

  • Gross Income: 45600.00
  • Lot Size Area: 6661.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5357.01
  • Tax Lot: 31
  • Tax Tract Number: 3254

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2006
Sold by
Moto Martha
Bought by
Alvarado Pedro and Alvarado Veronica
Current Estimated Value
$893,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
8.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2005
Sold by
Moto Nestor
Bought by
Moto Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2005
Sold by
Moto Patrisia E
Bought by
Moto Nestor and Moto Martha

Purchase Details

Closed on
Feb 11, 2000
Sold by
Warmside Rentals Llc
Bought by
Moto Nestor and Moto Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,492
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 1999
Sold by
Marin Carlos and Marin Guadalupe
Bought by
Warmside Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
6.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 27, 1994
Sold by
Marin Carlos and Marin Guadalupe
Bought by
Marin Carlos and Marin Guadalupe

Purchase Details

Closed on
Apr 18, 1994
Sold by
Marin Carlos and Marin Guadalupe
Bought by
Marin Carlos and Marin Guadalupe
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Alvarado Pedro $625,000 Fidelity Long Beach
Moto Martha -- Chicago Title Company
Moto Nestor -- Chicago Title Company
Moto Nestor $230,000 Stewart Title
Warmside Rentals Llc $142,780 Stewart Title
Marin Carlos -- --
Marin Carlos -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuellar Julissa $495,000
Closed Moto Martha $416,000
Closed Alvarado Pedro $500,000
Previous Owner Moto Martha $325,000
Previous Owner Moto Nestor $226,492
Previous Owner Warmside Rentals Llc $19,000
Previous Owner Warmside Rentals Llc $139,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2019 07/01/19 Sold $625,000 0.0% $339 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $625,000 -- $339 / 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 $8,761 $683,524 $391,522 $292,002
2024 $8,761 $670,123 $383,846 $286,277
2023 $8,608 $656,984 $376,320 $280,664
2022 $8,196 $644,103 $368,942 $275,161
2021 $8,098 $631,474 $361,708 $269,766
2020 $8,244 $625,000 $358,000 $267,000
2019 $7,310 $567,000 $300,000 $267,000
2018 $7,282 $567,000 $300,000 $267,000
2016 $6,196 $480,000 $300,000 $180,000
2015 $5,127 $390,000 $250,000 $140,000
2014 $4,450 $325,000 $215,600 $109,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19087455

California Regional Multiple Listing Service (CRMLS)

APN: 6215-024-035