NOT LISTED FOR SALE

8440 San Carlos Ave South Gate, CA 90280

Estimated Value: $779,103 - $822,000

3 Beds
2 Baths
1,532 Sq Ft
$523/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $710,000 $463 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,293/month

25 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 2 Car Garage
  • Legacy High School Complex Rated A-
  • Landscaped

About This Home

As of June 2022

Two detached units & one two car garage on 8,976 sqft of land in the beautiful & up & coming city of South Gate. Front home features 2 bedroom 1 bathroom, large living room, kitchen & large laundry room. The 2nd detached home features 1bedroom, 1 bathroom, living room, kitchen & large laundry room & storage. Each home has a large front & back yard with great potential to build on. The 2 car garage is detached & would be a great detached ADU.

Last Listed By

Alex Sanchez

Realty ONE Group United License #01734841 Listed on: 04/14/2022

Realty ONE Group United

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,660

Year Built

  • Built in 1925

Lot Details

  • 8,976 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,532 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 191
  • Tax Tract Number 3411
  • Assessor Parcel Number 6215017031
  • $741 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $700
  • Water Sewer Expense $700
  • Operating Expense $2,400
  • Gross Income $37,200
  • Net Operating Income $34,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,660

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 349500
  • Property Attached: No
  • Water Sewer Expenses: 700.00
  • Zoning: SGR2YY
  • Property Type: Residential Income
  • Parcel Number: 6215017031
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 463.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 8976.00
  • Lot Size Acres: 0.2061

Multi Family

  • Gross Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8976.0000 Square Feet
  • Net Operating Income: 34700.00
  • 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: 2500.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 2400.00

Tax Info

  • Tax Census Tract: 5357.01
  • Tax Lot: 191
  • Tax Tract Number: 3411
  • TaxOtherAnnualAssessmentAmount: 741.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2024
Sold by
Flores Pablo
Bought by
Pablo Trust and Flores
Total Days on Market
25
Current Estimated Value
$801,776

Purchase Details

Listed on
Feb 21, 2019
Closed on
Mar 22, 2019
Sold by
Urban Street Ventures Inc
Bought by
Espinoza Maria A and Espinoza Cristina I
Seller's Agent
Robert Compean
Urban Street Ventures, Inc
Buyer's Agent
Alex Sanchez
Realty ONE Group United
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%
Original Mortgage
$344,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2018
Closed on
Nov 8, 2018
Sold by
Filakouridis Peter and Filakouridis Mary
Bought by
Urban Street Ventures Inc
Seller's Agent
Jim Spathos
24 Hour Real Estate
Buyer's Agent
Jim Spathos
24 Hour Real Estate
List Price
$499,999
Sold Price
$350,000
Premium/Discount to List
-$149,999
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
217.25%
Original Mortgage
$6,000,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2006
Sold by
Paraskevopoulos Vassiliki
Bought by
Paraskevopoulos Vassiliki and Vassiliki Paraskevopoulos Trus

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
Pablo Trust -- None Listed On Document
Espinoza Maria A $575,000 North American Title Company
Urban Street Ventures Inc $350,000 None Available
Paraskevopoulos Vassiliki -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Espinoza Maria A $344,000
Previous Owner Urban Street Ventures Inc $6,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $710,000 +1.6% $463 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $699,000 +21.6% $456 / Sq Ft
05/03/2019 05/03/19 Sold $575,000 0.0% $375 / Sq Ft
03/20/2019 03/20/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $575,000 +64.3% $375 / Sq Ft
11/27/2018 11/27/18 Sold $350,000 -30.0% $228 / Sq Ft
10/20/2018 10/20/18 For Sale $499,999 +42.9% $326 / Sq Ft
10/15/2018 10/15/18 Pending -- -- --
10/12/2018 10/12/18 Off Market $350,000 -- --
10/10/2018 10/10/18 For Sale $499,999 -- $326 / 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
2024 $9,660 $738,684 $561,816 $176,868
2023 $9,372 $724,200 $550,800 $173,400
2022 $7,705 $604,426 $394,191 $210,235
2021 $7,618 $592,575 $386,462 $206,113
2020 $7,678 $586,500 $382,500 $204,000
2019 $5,585 $420,000 $400,000 $20,000
2018 $1,160 $46,056 $26,909 $19,147
2016 $1,094 $44,269 $25,865 $18,404
2015 $1,079 $43,605 $25,477 $18,128
2014 $1,090 $42,751 $24,978 $17,773
Source: Public Records

Agents Affiliated with this Home

  • Alex Sanchez

    Seller's Agent in 2022

    Alex Sanchez

    Realty ONE Group United

    (562) 239-8819

    1 in this area

    65 Total Sales

    Alex Sanchez
    Section Image

  • A

    Buyer's Agent in 2022

    ANNA MARIE CERVANTES

    EXCELLENCE RE REAL ESTATE

    (626) 967-1779

    Section Image
  • Robert Compean

    Seller's Agent in 2019

    Robert Compean

    Urban Street Ventures, Inc

    (949) 241-9644

    1 in this area

    56 Total Sales

    Robert Compean
    Section Image
  • Jim Spathos

    Seller's Agent in 2018

    Jim Spathos

    24 Hour Real Estate

    (562) 400-2148

    12 Total Sales

    Jim Spathos
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22076197

California Regional Multiple Listing Service (CRMLS)

APN: 6215-017-031

California Los Angeles County South Gate 90280

8440 San Carlos Ave, South Gate, CA

Homes for Sale in South Gate, CA

This home is located at 8440 San Carlos Ave, South Gate, CA 90280 since 14 April 2022 and is currently estimated at $801,776, approximately $523 per square foot. This property was built in 1925. 8440 San Carlos Ave is a home located in Los Angeles County with nearby schools including San Gabriel Avenue Elementary School, South Gate Middle School, and Southeast Middle School.

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.

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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