NOT LISTED FOR SALE

8652 Chestnut Ave South Gate, CA 90280

Estimated Value: $1,081,000 - $1,419,000

7 Beds
5 Baths
3,915 Sq Ft
$318/Sq Ft Est. Value

Last Sold July 19, 2013

Last sale price $650,000 $166 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $7,329/month

13 Days on Market

Highlights

  • No HOA
  • Balcony
  • Accessible Parking
  • Neighborhood Views
  • Laundry Room
  • 2 Car Garage

About This Home

As of July 2013

Standard Sale. First time on Market in 36 Years. Well maintained 4 Unit complex. Very spacious units, 1 – two Bedrooms two Bath, 2 – two Bedroom one Bath, and 1 – one Bedroom 1 bath, 2 - one Car Garages and 3 carport spaces. All units are currently rented. Live in one and collect rent on other three. Great income property.

Last Agent to Sell the Property

Venus Romero

SoCal One Realty License #01833862 Listed on: 05/28/2013

Last Buyer's Agent

Steve C Roberson

Steve C Roberson License #00921349

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,010 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • No Sprinklers

Parking

  • 2 Car Garage
  • 3 Carport Spaces
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,915 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Neighborhood Views
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Features

  • Accessible Parking
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 3233
  • Assessor Parcel Number 6204014040

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $497
  • Gardener Expense $600
  • Insurance Expense $874
  • Pest Control $655
  • Trash Expense $420
  • Water Sewer Expense $2,000
  • New Taxes Expense $7,813
  • Gross Income $3,700
  • Net Operating Income $30,145

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Washer & Dryer
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6204014040
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 166.03
  • Window Features: Screens

Exterior Features

  • Exterior Features: Lighting
  • View: Neighborhood
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage, Garage - Single Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Laundry Features: Outside
  • Pest Control Expense: 655.00
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 6010.00
  • Lot Size Acres: 0.1380

Multi Family

  • Electric Expense: 497.00
  • Gross Income: 3700.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 874.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6010.0000 Square Feet
  • Net Operating Income: 30145.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1188.00
  • Rent Control: No
  • Total Actual Rent: 3700.00

Tax Info

  • New Taxes Expense: 7813.00
  • Tax Lot: 113
  • Tax Tract Number: 3233
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2013
Closed on
Jun 11, 2013
Sold by
Romero Jose G
Bought by
Hirai Kendall J and Corona Ruben
Seller's Agent
Venus Romero
SoCal One Realty
Buyer's Agent
Steve C Roberson
Steve C Roberson
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%
Current Estimated Value
$1,243,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,440
Avg. Annual Appreciation
5.31%
Original Mortgage
$487,500
Outstanding Balance
$352,734
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$890,706

Purchase Details

Closed on
Mar 21, 2008
Sold by
Romero Jose G
Bought by
Romero Jose G and Jose G Romero 2008 Trust

Purchase Details

Closed on
Feb 21, 1994
Sold by
Romero Jose G and Romero William G
Bought by
Romero Jose G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hirai Kendall J $650,000 Lawyers Title
Corona Ruben -- Lawyers Title
Rk Property Management Llc -- Accommodation
Romero Jose G -- None Available
Romero Jose G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hirai Kendall J $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2013 07/19/13 Sold $650,000 +4.0% $166 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
05/28/2013 05/28/13 For Sale $625,000 -- $160 / 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 $10,464 $796,800 $159,358 $637,442
2024 $10,464 $781,178 $156,234 $624,944
2023 $10,284 $765,862 $153,171 $612,691
2022 $9,799 $750,846 $150,168 $600,678
2021 $9,672 $736,124 $147,224 $588,900
2019 $9,366 $714,292 $142,858 $571,434
2018 $9,182 $700,287 $140,057 $560,230
2016 $8,754 $673,096 $134,619 $538,477
2015 $8,613 $662,986 $132,597 $530,389
2014 $8,620 $650,000 $130,000 $520,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13100579

California Regional Multiple Listing Service (CRMLS)

APN: 6204-014-040