Silvestre Medel
Excellence RE Real Estate, Inc.
(858) 256-8987
56 Total Sales
2 in South Gate
$750,000 Price Range
8300 Long Beach Blvd South Gate, CA 90280
South Gate AreaEstimated Value: $1,702,731
5
Beds
8
Baths
5,940
Sq Ft
$287/Sq Ft
Est. Value
About This Home
As of December 2018Excellent corner lot location for this mixed use property situated on one of the main commercial arteries within the City of South Gate. Strong vehicular and foot traffic numbers.
Two good sized retail sites on Long Beach Blvd plus one extra Retail on Pine Place, two bonus /storage rooms to service the retail units and a separate two story structure
facing Pine Place housing four good sized residential units. Plenty of on premises parking space to service tenants and unlimited street parking for the Retail business patrons.
Month to month contracts allow the opportunity for an immediate upside income potential to match current market levels. CAM contracts for the retail units can also be
implemented.
The City of South Gate is a mature community comprised by strong rental demand and good consumer oriented population. This particular site is just a block away from
Walnut Park
Last Agent to Sell the Property
Edwin Mariscal, Broker License #01119480 Listed on: 08/01/2018
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 7,488 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Interior Spaces
- 5,940 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 8 Bathrooms
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
- Parking Available
- Assigned Parking
Additional Features
- Suburban Location
- Private Water Source
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 219
- Tax Tract Number 2917
- Assessor Parcel Number 6202029007
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Building Details
- 7 Separate Electric Meters
- 5 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $960
- Gardener Expense $600
- Insurance Expense $1,890
- Maintenance Expense $4,204
- Other Expense $4,204
- Trash Expense $2,460
- Water Sewer Expense $2,907
- New Taxes Expense $14,075
- Operating Expense $31,588
- Gross Income $110,136
- Net Operating Income $73,500
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
Closed on
Nov 15, 2021
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Aug 1, 2018
Closed on
Dec 5, 2018
Sold by
Bought by
Seller's Agent
Edwin Mariscal
Edwin Mariscal, Broker
Buyer's Agent
Maribel Villalobos
Twin Homes & Loans
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Purchase Details
Listed on
Aug 1, 2018
Closed on
Nov 29, 2018
Sold by
Bought by
Seller's Agent
Edwin Mariscal
Edwin Mariscal, Broker
Buyer's Agent
Maribel Villalobos
Twin Homes & Loans
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Purchase Details
Closed on
Nov 2, 2007
Sold by
Bought by
Purchase Details
Closed on
Mar 18, 2005
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
$425,000
Interest Rate
5.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 11, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Gate, CA
-
Silvestre Medel
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in South Gate
$672,000 Price
-
Alex Sanchez
Alex Sanchez
eXp Realty of Southern California, Inc.
(562) 261-0539
63 Total Sales
1 in South Gate
$710,000 Price
-
Claudia Ghazanfary
Claudia Ghazanfary
Call It Closed International,Inc
(818) 412-6387
31 Total Sales
1 in South Gate
$702,000 Price
-
Max Zelaya
Max Zelaya
Alticore Realty
(951) 441-3718
54 Total Sales
1 in South Gate
$646,000 Price
-
Christine Cheng
Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
52 Total Sales
1 in South Gate
$175,000 Price
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 |
|---|---|---|---|
| -- | Accommodation/Courtesy Recordi | ||
| $1,150,000 | Fidelity National Title Comp | ||
| -- | Fidelity National Title Comp | ||
| -- | None Available | ||
| -- | Sut | ||
| -- | -- |
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 |
|---|---|---|---|
| Previous Owner | $425,000 |
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 |
|---|---|---|---|---|
| 12/30/2018 12/30/18 | Sold | $1,150,000 | -4.2% | $194 / Sq Ft |
| 11/05/2018 11/05/18 | Pending | -- | -- | -- |
| 10/03/2018 10/03/18 | Price Changed | $1,200,000 | -11.1% | $202 / Sq Ft |
| 08/01/2018 08/01/18 | For Sale | $1,350,000 | -- | $227 / 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 | $17,741 | $1,282,842 | $836,637 | $446,205 |
| 2024 | $17,175 | $1,257,689 | $820,233 | $437,456 |
| 2023 | $16,878 | $1,233,029 | $804,150 | $428,879 |
| 2022 | $16,092 | $1,208,853 | $788,383 | $420,470 |
| 2021 | $15,887 | $1,185,151 | $772,925 | $412,226 |
| 2019 | $15,385 | $1,150,000 | $750,000 | $400,000 |
| 2018 | $11,915 | $856,010 | $538,973 | $317,037 |
| 2016 | $11,350 | $822,772 | $518,045 | $304,727 |
| 2015 | $11,163 | $810,414 | $510,264 | $300,150 |
| 2014 | $11,141 | $794,540 | $500,269 | $294,271 |
Source: Public Records
Agents Affiliated with this Home
-
Edwin Mariscal
E
Seller's Agent in 2018
Edwin Mariscal
Edwin Mariscal, Broker
(562) 822-3891
3 Total Sales
-
Maribel Villalobos
Buyer's Agent in 2018
Maribel Villalobos
Twin Homes & Loans
(844) 663-6337
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW18186974
APN: 6202-029-007
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.
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
Nearby Homes
- 8137 Beechwood Ave
- 2531 Sale Place
- 2806 Cudahy St
- 2616 Broadway
- 2502 Poplar Place
- 8455 Santa fe Ave
- 2463 Broadway
- 2500 Hill St
- 2811 Orchard Place
- 2815 Orchard Place
- 2728 Grand Ave
- 2433 Broadway
- 8469 Cypress Ave
- 8461 Garden View Ave
- 2526 Flower St
- 3062 Ardmore Ave
- 2749 Live Oak St
- 2712 California St
- 3146 Cudahy St
- 2305 Walter St
- 2633 Pine Place
- 2635 Pine Place Unit 1
- 2629 Pine Place
- 2631 Pine Place
- 2637 Pine Place
- 2619 Pine Place Unit H
- 2619 Pine Place
- 2648 Palm Place
- 2644 Palm Place
- 2652 Palm Place
- 2640 Palm Place
- 2656 Palm Place
- 2613 Pine Place
- 2630 Pine Place
- 2634 Palm Place
- 2660 Palm Place Unit B
- 2636 Pine Place
- 2624 Pine Place
- 2628 Palm Place
- 2648 Pine Place
Your Personal Tour Guide
Ask me questions while you tour the home.