NOT LISTED FOR SALE

8457 Chestnut Ave Unit C South Gate, CA 90280

Estimated Value: $785,000 - $823,000

4 Beds
3 Baths
3 Sq Ft
$268,222/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2017

Last sale price $480,000 $160,000 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,965 / mo

163 Days on Market

About This Home

As of October 2017

3 units in need of some TLC. Excellent opportunity to own a property close to Downtown LA and FWY and stores.

Last Agent to Sell the Property

Karina Chavez

Century 21 Allstars License #01360910 Listed on: 04/01/2017

Century 21 Allstars

Last Buyer's Agent

Maria Tabares

Century 21 LOTUS License #01718591

Century 21 LOTUS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,016 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Home Design

  • 3 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 103
  • Tax Tract Number 2917
  • Assessor Parcel Number 6211020012

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $80
  • Insurance Expense $230
  • Trash Expense $75
  • Water Sewer Expense $250
  • New Taxes Expense $350,041
  • Operating Expense $4,135
  • Gross Income $1,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,016 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 250.00
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6211020012
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 75.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6016.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 80.00
  • Gross Income: 1500.00
  • Gross Scheduled Income: 1500.00
  • Insurance Expense: 230.00
  • 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
  • Total Expenses: 4135.00

Tax Info

  • New Taxes Expense: 350041.00
  • Tax Census Tract: 5355.02
  • Tax Lot: 103
  • Tax Tract Number: 2917

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
Apr 1, 2017
Closed on
Sep 22, 2017
Sold by
Bought by
Seller's Agent
Karina Chavez
Century 21 Allstars
Buyer's Agent
Maria Tabares
Century 21 LOTUS
List Price
$530,000
Sold Price
$480,000
Premium/Discount to List
-$50,000
-9.43%
Current Estimated Value
$804,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,667
Avg. Annual Appreciation
6.14%
Original Mortgage
$463,980
Outstanding Balance
$384,505
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$420,162

Purchase Details

Closed on
May 26, 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
$490,500
Interest Rate
5.13%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 12, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 1999
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
$183,027
Interest Rate
6.96%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 1994
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
$148,500
Interest Rate
7.09%
Mortgage Type
Seller Take Back
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
$480,000 Fidelity National Title Co
$545,000 Stewart Title
$300,000 Stewart Title Company
$185,000 Fidelity Title
$183,500 Gateway Title Company
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 $463,980
Previous Owner $490,500
Previous Owner $183,027
Previous Owner $148,500
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
10/31/2017 10/31/17 Sold $480,000 -9.4% $160,000 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
07/26/2017 07/26/17 Price Changed $530,000 0.0% $176,667 / Sq Ft
07/26/2017 07/26/17 For Sale $530,000 +24.7% $176,667 / Sq Ft
04/26/2017 04/26/17 For Sale $425,000 -11.5% $141,667 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
04/18/2017 04/18/17 Off Market $480,000 -- --
04/01/2017 04/01/17 For Sale $425,000 -- $141,667 / 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 $7,412 $546,152 $227,563 $318,589
2024 $7,233 $535,444 $223,101 $312,343
2023 $7,110 $524,946 $218,727 $306,219
2022 $6,776 $514,654 $214,439 $300,215
2021 $6,696 $504,564 $210,235 $294,329
2020 $6,747 $499,392 $208,080 $291,312
2019 $6,486 $489,600 $204,000 $285,600
2018 $6,326 $480,000 $200,000 $280,000
2016 $8,156 $641,728 $247,270 $394,458
2015 $8,024 $632,089 $243,556 $388,533
2014 $8,027 $619,709 $238,786 $380,923
Source: Public Records

Agents Affiliated with this Home

  • Karina Chavez

    Seller's Agent in 2017

    Karina Chavez

    Century 21 Allstars

    (562) 244-5026

    70 Total Sales

    Karina Chavez
    Section Image

  • M

    Buyer's Agent in 2017

    Maria Tabares

    Century 21 LOTUS

    (562) 806-1000

    2 Total Sales

    Maria Tabares
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17082771

California Regional Multiple Listing Service (CRMLS)

APN: 6211-020-012

California Los Angeles County South Gate 90280

8457 Chestnut Ave Unit C, South Gate, CA

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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