NOT LISTED FOR SALE

8614 Mountain View Ave South Gate, CA 90280

Estimated Value: $874,000 - $1,070,000

5 Beds
4 Baths
1,670 Sq Ft
$564/Sq Ft Est. Value

Last Sold March 08, 2022

Last sale price $825,000 $494 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,930/month

17 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Legacy High School Complex Rated A-

About This Home

As of March 2022

Great neighborhood, close to school and shopping areas, ONE unit with a 3 bedrooms an 1.5 Bathroom., SECOND unit has 2 bedroom one bathroom ., the studio has permit for storage ONLY had been converted with out permits. (PLEASE DO NOT disturb tenants BE AWARE OF DOGS at the property .

Last Agent to Sell the Property

Elizabeth Jabaz

Realty One Group West License #00910971 Listed on: 08/24/2021

Realty One Group West

Last Buyer's Agent

Elizabeth Jabaz

Realty One Group West License #00910971 Listed on: 08/24/2021

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,038

Year Built

  • Built in 1922

Lot Details

  • 9,001 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 1,670 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Private Sewer

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 132
  • Tax Tract Number 3233
  • Assessor Parcel Number 6204015021
  • $815 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,400
  • Gardener Expense $700
  • Insurance Expense $900
  • Trash Expense $400
  • Water Sewer Expense $790
  • Operating Expense $11,987
  • Gross Income $67,200
  • Net Operating Income $59,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,038

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Other Phone Description: 7147855443
  • Other Phone Number: 7147855443
  • Price Per Unit: 265000
  • Property Attached: No
  • Water Sewer Expenses: 790.00
  • Zoning: SGR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 6204015021
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 494.01

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Outside
  • Sewer: Private Sewer
  • Trash Expense: 400.00
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9001.00
  • Lot Size Acres: 0.2066

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1400.00
  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 900.00
  • Lot Size Area: 9001.0000 Square Feet
  • Net Operating Income: 59200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 8000.00
  • Rent Control: No
  • Total Actual Rent: 4300.00
  • Total Expenses: 11987.00

Tax Info

  • Tax Census Tract: 5355.01
  • Tax Lot: 132
  • Tax Tract Number: 3233
  • TaxOtherAnnualAssessmentAmount: 815.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Feb 15, 2022
Sold by
Hernandez Monarres Cuauhtemoc and Hernandez Melia
Bought by
Becerra Belen Aspeitia and Gonzalez David Sandoval
Seller's Agent
Elizabeth Jabaz
Realty One Group West
Buyer's Agent
Elizabeth Jabaz
Realty One Group West
List Price
$795,000
Sold Price
$825,000
Premium/Discount to List
$30,000
3.77%
Current Estimated Value
$941,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,312
Avg. Annual Appreciation
3.74%
Original Mortgage
$618,750
Outstanding Balance
$575,522
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$365,790

Purchase Details

Listed on
Nov 4, 2011
Closed on
Dec 13, 2011
Sold by
Bank Of America N A
Bought by
Monarres Cuauhtemoc Hernandez and Monarres Melia
Seller's Agent
Paul Cargile
Cargile & Company
Buyer's Agent
Elizabeth Jabaz
List Price
$274,900
Sold Price
$279,000
Premium/Discount to List
$4,100
1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%
Original Mortgage
$271,927
Interest Rate
3.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 26, 2011
Sold by
Ruiz Josefina
Bought by
Bank Of America N A

Purchase Details

Closed on
Dec 29, 2006
Sold by
Ruiz Pedro
Bought by
Ruiz Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,920
Interest Rate
6.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 13, 2006
Sold by
Gonzales Mildred Barbara
Bought by
Ruiz Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,920
Interest Rate
6.95%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
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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
Becerra Belen Aspeitia $825,000 Ticor Title
Monarres Cuauhtemoc Hernandez $279,000 Landsafe Title Of Ca Inc
Bank Of America N A $234,000 Landsafe Title
Ruiz Josefina -- Ticor Title Company Brea Br
Ruiz Josefina $545,000 Ticor Title Company Brea Br
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becerra Belen Aspeitia $618,750
Previous Owner Monarres Cuauhtemoc Hernandez $271,927
Previous Owner Ruiz Josefina $435,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2022 03/08/22 Sold $825,000 +3.8% $494 / Sq Ft
11/01/2021 11/01/21 For Sale $795,000 -3.6% $476 / Sq Ft
10/13/2021 10/13/21 Off Market $825,000 -- --
10/13/2021 10/13/21 For Sale $795,000 0.0% $476 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $795,000 +184.9% $476 / Sq Ft
01/31/2012 01/31/12 Sold $279,000 +1.5% $278 / Sq Ft View Prior Sale
11/28/2011 11/28/11 Pending -- -- --
11/04/2011 11/04/11 For Sale $274,900 -- $274 / 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 $11,038 $875,496 $610,194 $265,302
2024 $11,038 $858,330 $598,230 $260,100
2023 $10,846 $841,500 $586,500 $255,000
2022 $4,633 $330,219 $236,718 $93,501
2021 $4,577 $323,745 $232,077 $91,668
2020 $4,608 $320,427 $229,698 $90,729
2019 $4,440 $314,145 $225,195 $88,950
2018 $4,238 $307,986 $220,780 $87,206
2016 $4,045 $296,028 $212,207 $83,821
2015 $3,982 $291,582 $209,020 $82,562
2014 $3,989 $285,871 $204,926 $80,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21187492

California Regional Multiple Listing Service (CRMLS)

APN: 6204-015-021