8601 Chestnut Ave South Gate, CA 90280
6
Beds
4
Baths
2,668
Sq Ft
4,813
Sq Ft Lot
Highlights
- Midcentury Modern Architecture
- End Unit
- No HOA
- Legacy High School Complex Rated A-
- Corner Lot
- Chain Link Fence
About This Home
As of November 2024Don't miss this great investment opportunity located on a corner location in the city of South Gate. The building consists of two 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units. The building has an unused room that previously was used as a laundry room. This can be converted back fairly easily to increase revenue. The parking is open on the side and in the back of the building with plenty of room for at least 6 cars. The current rents are under market due to the Covid restrictions but are being increased to try to get them to market rate. A little work and updating can make this into great investment.
Last Agent to Sell the Property
WILLIAM BARKER REAL ESTATE Brokerage Phone: 714-267-4278 License #01404206 Listed on: 06/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,787
Year Built
- Built in 1958
Lot Details
- 4,813 Sq Ft Lot
- End Unit
- Two or More Common Walls
- Chain Link Fence
- Corner Lot
- Level Lot
Home Design
- Midcentury Modern Architecture
- Quadruplex
- Entry on the 1st floor
- Fixer Upper
- Rolled or Hot Mop Roof
- Stucco
Interior Spaces
- 2,668 Sq Ft Home
- 2-Story Property
- Formica Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 130
- Tax Tract Number 3233
- Assessor Parcel Number 6204015034
- $1,073 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Maintenance Expense $4,660
- Professional Management Expense $2,160
- Trash Expense $150
- Water Sewer Expense $2,850
- Operating Expense $11,820
- Net Operating Income $29,880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 10, 2024
Closed on
Nov 25, 2024
Sold by
Sarinana Juan Antonio and Sarinana Graciela
Bought by
Sarinana Juan Antonio and Sarinana Graciela
Seller's Agent
Bill Barker
WILLIAM BARKER REAL ESTATE
Buyer's Agent
Judy Sarinana
Century 21 A Better Service
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%
Views
58
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,050
Avg. Annual Appreciation
4.38%
Purchase Details
Closed on
Feb 6, 2014
Sold by
Friedman Bernard
Bought by
The Bernard Friedman Revocable Trust
Purchase Details
Closed on
Mar 26, 1993
Sold by
Bernard Friedman Revocable Trust and Dietsch Thomas J
Bought by
Sarinana Juan Antonio and Sarinana Graciela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.08%
Mortgage Type
New Conventional
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $875,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $656,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2024 11/07/24 | Sold | $875,000 | -2.8% | $328 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 09/17/2024 09/17/24 | For Sale | $900,000 | 0.0% | $337 / Sq Ft |
| 07/01/2024 07/01/24 | Pending | -- | -- | -- |
| 06/10/2024 06/10/24 | For Sale | $900,000 | -- | $337 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,787 | $875,000 | $475,000 | $400,000 |
| 2024 | $9,787 | $733,315 | $513,167 | $220,148 |
| 2023 | $1,975 | $75,578 | $19,998 | $55,580 |
| 2022 | $1,913 | $74,097 | $19,606 | $54,491 |
| 2021 | $1,874 | $72,645 | $19,222 | $53,423 |
| 2019 | $1,827 | $70,892 | $18,652 | $52,240 |
| 2018 | $1,738 | $69,511 | $18,287 | $51,224 |
| 2016 | $1,632 | $66,429 | $17,578 | $48,851 |
| 2015 | $1,607 | $65,432 | $17,314 | $48,118 |
| 2014 | $1,623 | $64,151 | $16,975 | $47,176 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Barker
Seller's Agent in 2024
Bill Barker
WILLIAM BARKER REAL ESTATE
(909) 612-8045
1 in this area
6 Total Sales
-
Judy Sarinana
Buyer's Agent in 2024
Judy Sarinana
Century 21 A Better Service
(562) 806-1000
2 in this area
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24118340
APN: 6204-015-034
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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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