8615 State St South Gate, CA 90280
Highlights
- Property is near a park
- Private Yard
- Rectangular Lot
- Legacy High School Complex Rated A-
- Laundry Room
- Wood Fence
About This Home
As of May 2021Welcome to 8615 State St in the City of South Gate. Here is the investment opportunity you have been waiting for all year! This mixed use duplex is comprised of 1) a storefront retail unit with its own bathroom (plenty of space to add a shower) along with 2) a 2nd residential unit with 2 bedrooms & a bonus room (previously used as a 3rd bedroom) & 1 full bath. This is your opportunity to start the business you have always wanted OR expand your current business to another location OR live in the rear residential unit and enjoy the cash flow from the currently rented retail space. The opportunities with this unique property don't end here....DEVELOPMENT OPPORTUNITY as Property is zoned SGCR.* Due to the current zoning, the property's unique location, lot size etc. the City of South Gate may allow an owner to build anywhere from 2 to 4 units (Buyer to verify buildability details etc with the City). The Residential unit is quite spacious w a separate living room, dining room, galley kitchen, indoor laundry room & 2 spacious bedrooms...3rd room was last used as a bedroom. Huge backyard just waiting for a new owner to transform this open space to build units, park tons of cars, an RV or design your very own garden oasis...Excellent location. Close to several parks & schools. Steps away from several Metro bus lines & has a WalkScore© of 78. This property can qualify for FHA financing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,918
Year Built
- Built in 1928
Lot Details
- 6,294 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Block Wall Fence
- Rectangular Lot
- Level Lot
- Private Yard
- Back Yard
Home Design
- Property Attached
Interior Spaces
- 1,554 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
Location
- Property is near a park
- Property is near public transit
Utilities
- Septic Type Unknown
Community Details
- 2 Units
- 1 Leased Unit
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 3233
- Assessor Parcel Number 6204002019
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $565,000 | Monarch Title Company | |
| Grant Deed | $425,000 | First American Title Company | |
| Grant Deed | $155,000 | Benefit Land Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $554,570 | FHA | |
| Previous Owner | $417,302 | FHA | |
| Previous Owner | $147,500 | FHA |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/11/2021 05/11/21 | Sold | $564,800 | 0.0% | $363 / Sq Ft |
| 09/10/2020 09/10/20 | Pending | -- | -- | -- |
| 08/09/2020 08/09/20 | For Sale | $564,800 | +32.9% | $363 / Sq Ft |
| 07/02/2018 07/02/18 | Sold | $425,000 | -1.1% | $273 / Sq Ft |
| 03/26/2018 03/26/18 | Pending | -- | -- | -- |
| 02/15/2018 02/15/18 | Price Changed | $429,900 | 0.0% | $277 / Sq Ft |
| 02/09/2018 02/09/18 | For Sale | $430,000 | 0.0% | $277 / Sq Ft |
| 01/18/2018 01/18/18 | Pending | -- | -- | -- |
| 12/11/2017 12/11/17 | For Sale | $430,000 | -- | $277 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $7,918 | $599,582 | $424,483 | $175,099 |
| 2023 | $7,782 | $587,826 | $416,160 | $171,666 |
| 2022 | $7,975 | $576,300 | $408,000 | $168,300 |
| 2021 | $5,850 | $437,990 | $262,794 | $175,196 |
| 2020 | $5,894 | $433,500 | $260,100 | $173,400 |
| 2019 | $5,667 | $425,000 | $255,000 | $170,000 |
| 2018 | $3,127 | $210,477 | $98,223 | $112,254 |
| 2016 | $2,979 | $202,306 | $94,410 | $107,896 |
| 2015 | $2,932 | $199,268 | $92,992 | $106,276 |
| 2014 | $2,930 | $195,366 | $91,171 | $104,195 |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW20160723
APN: 6204-002-019
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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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