NOT LISTED FOR SALE

8604 San Miguel Ave South Gate, CA 90280

Estimated Value: $700,000 - $781,000

3 Beds
2 Baths
1,204 Sq Ft
$613/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $540,000 $449 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,518/month

22 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Legacy High School Complex Rated A-
  • Back and Front Yard

About This Home

As of December 2017

Well there you have it! 2 units in South Gate one of the most desirable cities to live in Southern California. Close to schools, freeways, and shopping. Seller willing to help buyer with some closing expenses.

Last Agent to Sell the Property

Severo Arreola

ARREOLAS REALTY License #00831135 Listed on: 09/27/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,840

Year Built

  • Built in 1928

Lot Details

  • 5,984 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,204 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 73
  • Tax Tract Number 3722
  • Assessor Parcel Number 6210005022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $960
  • Fuel Expense $840
  • Insurance Expense $640
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,008
  • Operating Expense $8,648
  • Net Operating Income $5,752

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,840

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6210005022
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 448.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5984.00

Multi Family

  • Electric Expense: 960.00
  • Fuel Expense: 840.00
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 640.00
  • Net Operating Income: 5752.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8648.00
  • Rent Control: No
  • Total Expenses: 8648.00

Tax Info

  • New Taxes Expense: 5008.00
  • Tax Census Tract: 5357.02
  • Tax Lot: 73
  • Tax Tract Number: 3722

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2017
Closed on
Oct 28, 2017
Sold by
Gonzalez Wilivado Lopez
Bought by
Sanchez Yvette Lorena and Echeverria Edgar Omar
Seller's Agent
Severo Arreola
ARREOLAS REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$549,800
Sold Price
$540,000
Premium/Discount to List
-$9,800
-1.78%
Current Estimated Value
$738,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,409
Avg. Annual Appreciation
4.06%
Original Mortgage
$530,219
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 17, 2014
Closed on
Jun 16, 2015
Sold by
Arias Jose Luis and Arias Lidia
Bought by
Gonzalez Wilivado Lopez
Seller's Agent
Nora Ochoa
Central Real Estate
Buyer's Agent
Saul Zavala
Century 21 Realty Masters
List Price
$424,900
Sold Price
$385,000
Premium/Discount to List
-$39,900
-9.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.28%
Original Mortgage
$376,068
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2014
Sold by
Arias Jose Luis and Arias Lidia
Bought by
Arias Jose Luis and Arias Lidia

Purchase Details

Closed on
Jan 8, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Arias Jose Luis and Arias Lidia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,766
Interest Rate
5.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2008
Sold by
Morales Cornelio
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Feb 8, 2007
Sold by
Cortes Cornelio Morales
Bought by
Morales Artemio Cortez

Purchase Details

Closed on
May 24, 2006
Sold by
Romo Maria Luz
Bought by
Morales Cornelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
7.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 6, 2002
Sold by
Delatorre Jose and Romo Maria Luz
Bought by
Romo Maria Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,500
Interest Rate
5.89%
Source: Public Records

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
Sanchez Yvette Lorena $540,000 North American Title
Gonzalez Wilivado Lopez $385,000 Ticor Title
Arias Jose Luis -- None Available
Arias Jose Luis $325,000 Old Republic Title Company
Deutsche Bank National Trust Company $255,000 None Available
Morales Artemio Cortez -- First American Title
Morales Cornelio $560,000 Stewart Title
Romo Maria Luz -- Fidelity
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Yvette Lorena $530,219
Previous Owner Gonzalez Wilivado Lopez $376,068
Previous Owner Arias Jose Luis $320,766
Previous Owner Morales Cornelio $444,000
Previous Owner Romo Maria Luz $54,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2017 12/15/17 Sold $540,000 -1.8% $449 / Sq Ft
09/27/2017 09/27/17 For Sale $549,800 +42.8% $457 / Sq Ft
07/30/2015 07/30/15 Sold $385,000 -9.4% $320 / Sq Ft View Prior Sale
06/16/2015 06/16/15 Pending -- -- --
10/17/2014 10/17/14 For Sale $424,900 -- $353 / 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 $7,840 $614,423 $204,807 $409,616
2024 $7,840 $602,377 $200,792 $401,585
2023 $7,703 $590,566 $196,855 $393,711
2022 $7,332 $578,988 $192,996 $385,992
2021 $7,249 $567,636 $189,212 $378,424
2020 $7,308 $561,816 $187,272 $374,544
2019 $7,018 $550,800 $183,600 $367,200
2018 $6,873 $540,000 $180,000 $360,000
2017 $5,129 $392,700 $290,700 $102,000
2016 $5,007 $385,000 $285,000 $100,000
2015 $4,483 $348,227 $192,864 $155,363
2014 -- $341,407 $189,087 $152,320
Source: Public Records

Agents Affiliated with this Home

  • Severo Arreola

    Seller's Agent in 2017

    Severo Arreola

    ARREOLAS REALTY

    (323) 807-7475

    22 Total Sales

    Severo Arreola
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,999 Total Sales

    NoEmail NoEmail
    Section Image

  • N

    Seller's Agent in 2015

    Nora Ochoa

    Central Real Estate

    Section Image

  • S

    Buyer's Agent in 2015

    Saul Zavala

    Century 21 Realty Masters

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB17222857

California Regional Multiple Listing Service (CRMLS)

APN: 6210-005-022

California Los Angeles County South Gate 90280

8604 San Miguel Ave, South Gate, CA

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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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