NOT LISTED FOR SALE

8465 Chestnut Ave South Gate, CA 90280

Estimated Value: $840,000 - $951,133

5 Beds
3 Baths
2,024 Sq Ft
$444/Sq Ft Est. Value

Last Sold July 26, 2022

Last sale price $804,400 $397 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,597/month

38 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Detached Carport Space
  • Cooling System Mounted To A Wall/Window
  • Bungalow
  • Wall Furnace

About This Home

As of July 2022

Duplex with an additional Studio unit. All units provide great monthly income. Long Driveway with detached garage. Primary unit has 3 bedrooms, 1 bathroom with great floor plan and has a generous 1,256 sq. ft. There is a back unit that has 2 bedrooms 1 bathrooms and totals 726 sq. ft. A bonus studio in between with bathroom. Can easily be changed back. Less than a mile from shopping center, restaurants, and pharmacy.

Last Agent to Sell the Property

ANA BELTRAN

Home Heights Realty License #01394533 Listed on: 04/16/2022

Last Buyer's Agent

KAREN CASTILLO

Century 21 Allstars License #02039552

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,001 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Parking Available

Home Design

  • Duplex
  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,024 Sq Ft Home
  • 1-Story Property
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for gas, water
  • Tax Lot 104
  • Tax Tract Number 2917
  • Assessor Parcel Number 6211020014
  • $701 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,400
  • Insurance Expense $1,240
  • Operating Expense $3,640
  • Gross Income $46,800
  • Net Operating Income $43,160

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: SGR3YY
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6211020014
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 397.43
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised, Slab
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6001.00
  • Lot Size Acres: 0.1378

Rental Info

  • Tenant Pays: Gas, Water

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 46800.00
  • Gross Operating Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1240.00
  • Lot Size Area: 6001.0000 Square Feet
  • Net Operating Income: 43160.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 3640.00
  • Rent Control: No
  • Total Expenses: 3640.00

Tax Info

  • Tax Census Tract: 5355.02
  • Tax Lot: 104
  • Tax Tract Number: 2917
  • TaxOtherAnnualAssessmentAmount: 701.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
Jul 12, 2022
Sold by
Siddiqui Harris
Bought by
Rodriguez Alejandro and Claros Gregoria Armida
Seller's Agent
ANA BELTRAN
Home Heights Realty
Buyer's Agent
KAREN CASTILLO
Century 21 Allstars
List Price
$799,999
Sold Price
$804,400
Premium/Discount to List
$4,401
0.55%
Current Estimated Value
$899,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,133
Avg. Annual Appreciation
3.27%
Original Mortgage
$482,640
Outstanding Balance
$457,090
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$442,443

Purchase Details

Closed on
Feb 12, 2019
Sold by
Akbar Kamran
Bought by
Siddiqui Harris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,132
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 31, 2014
Closed on
Dec 15, 2014
Sold by
Khan Ammara
Bought by
Akbar Kamran
Seller's Agent
George Reyes
DILIGENCE GROUP, INC.
Buyer's Agent
MLS Non
Non MLS Participant
List Price
$410,000
Sold Price
$420,000
Premium/Discount to List
$10,000
2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%

Purchase Details

Closed on
Aug 22, 2014
Sold by
Aguilar Angelina
Bought by
Akbar Kamran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
Rodriguez Alejandro $804,500 New Title Company Name
Siddiqui Harris $600,000 Western Resources Title
Akbar Kamran -- Ticor Title
Akbar Kamran $420,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Alejandro $482,640
Previous Owner Siddiqui Harris $589,132
Previous Owner Akbar Kamran $294,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2022 07/26/22 Sold $804,400 +0.6% $397 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $799,999 0.0% $395 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $799,999 +90.5% $395 / Sq Ft
12/26/2014 12/26/14 Sold $420,000 +2.4% $222 / Sq Ft View Prior Sale
08/29/2014 08/29/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $410,000 -- $216 / 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 $10,715 $836,897 $520,200 $316,697
2024 $10,715 $820,488 $510,000 $310,488
2023 $10,288 $804,400 $500,000 $304,400
2022 $7,828 $618,338 $340,086 $278,252
2021 $7,736 $606,215 $333,418 $272,797
2020 $7,797 $600,000 $330,000 $270,000
2019 $5,920 $452,502 $301,669 $150,833
2018 $5,785 $443,630 $295,754 $147,876
2016 $5,524 $426,405 $284,270 $142,135
2015 $5,436 $420,000 $280,000 $140,000
2014 $4,008 $291,566 $136,820 $154,746
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22075104

California Regional Multiple Listing Service (CRMLS)

APN: 6211-020-014