NOT LISTED FOR SALE

8663 Cypress Ave South Gate, CA 90280

Estimated Value: $786,000 - $948,000

5 Beds
3 Baths
1,950 Sq Ft
$447/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $400,000 $205 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $5,144/month

75 Days on Market

About This Home

As of July 2014

BACK ON THE MARKET! BUYER DID NOT PERFORM! UNIQUE 2-UNIT PROPERTY! GOOD SIZE UNITS WITH GREAT RENTAL INCOME. Front Unit is 2 story with 4 bedrooms and 2 Bathrooms, Owner occupied. Back unit is good size 1 Bedroom and 1 bath rented for $900. Back unit has an extra bedroom. PROPERTY IS SOLD "AS IS". SHOWINGS OPEN THUR 05/01 1PM-6PM, FRI 05/02 11AM-5PM & SAT 05/02 12PM-5PM

Last Agent to Sell the Property

Jorge La Torre

Rico and Rico Realty and Assoc License #01767798 Listed on: 05/01/2014

Last Buyer's Agent

Isabel Montoya

First Family Homes License #01276791

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,270

Year Built

  • Built in 1926

Lot Details

  • 6,011 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,950 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location
  • Suburban Location

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 85
  • Tax Tract Number 3233
  • Assessor Parcel Number 6204010010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $960
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,875
  • Gross Income $2,900
  • Net Operating Income $25,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,270

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 6204010010
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 205.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Suburban, Urban

Lot Info

  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 6011.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 2900.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 960.00
  • Lot Size Area: 6011.0000 Square Feet
  • Net Operating Income: 25365.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9435.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4875.00
  • Tax Lot: 85
  • Tax Tract Number: 3233
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2014
Closed on
May 22, 2014
Sold by
Navez Santos A and Navez Maria D
Bought by
Chinchilla David
Seller's Agent
Jorge La Torre
Rico and Rico Realty and Assoc
Buyer's Agent
Isabel Montoya
First Family Homes
List Price
$390,000
Sold Price
$400,000
Premium/Discount to List
$10,000
2.56%
Current Estimated Value
$871,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,572
Avg. Annual Appreciation
7.14%
Original Mortgage
$392,755
Outstanding Balance
$298,427
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$573,145

Purchase Details

Closed on
Jan 13, 2010
Sold by
Aurora Loan Services Llc
Bought by
Navez Santos A and Navez Maria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,129
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 5, 2009
Sold by
Jimenez Francisco J
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 20, 2006
Sold by
Jimenez Maria Guadalupe
Bought by
Jimenez Francisco J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Meza Monica
Bought by
Jimenez Francisco Javier and Jimenez Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,800
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2004
Sold by
Gravelle James E
Bought by
Meza Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Chinchilla David $400,000 Lawyers Title
Navez Santos A $296,500 Lsi Title Agency Inc
Aurora Loan Services Llc $563,053 None Available
Jimenez Francisco J -- Investors Title Company
Jimenez Francisco Javier $456,000 Ticor Title Company
Meza Monica $290,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chinchilla David $392,755
Previous Owner Navez Santos A $291,129
Previous Owner Jimenez Francisco J $500,000
Previous Owner Jimenez Francisco Javier $364,800
Previous Owner Meza Monica $232,000
Closed Meza Monica $58,000
Closed Jimenez Francisco Javier $91,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2014 07/01/14 Sold $400,000 +2.6% $205 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $390,000 -- $200 / 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 $6,270 $480,734 $240,367 $240,367
2024 $6,270 $471,308 $235,654 $235,654
2023 $6,162 $462,068 $231,034 $231,034
2022 $5,870 $453,008 $226,504 $226,504
2021 $5,796 $444,126 $222,063 $222,063
2020 $5,839 $439,574 $219,787 $219,787
2019 $5,613 $430,956 $215,478 $215,478
2018 $5,459 $422,506 $211,253 $211,253
2016 $5,207 $406,100 $203,050 $203,050
2015 $5,123 $400,000 $200,000 $200,000
2014 $4,210 $315,345 $126,358 $188,987
Source: Public Records

Agents Affiliated with this Home

  • Jorge La Torre

    Seller's Agent in 2014

    Jorge La Torre

    Rico and Rico Realty and Assoc

    (818) 731-4095

    Jorge La Torre
    Section Image

  • I

    Buyer's Agent in 2014

    Isabel Montoya

    First Family Homes

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14041950

California Regional Multiple Listing Service (CRMLS)

APN: 6204-010-010

California Los Angeles County South Gate 90280

8663 Cypress Ave, South Gate, CA

This home is located at 8663 Cypress Ave, South Gate, CA 90280 since 01 May 2014 and is currently estimated at $871,572, approximately $446 per square foot. This property was built in 1926. 8663 Cypress Ave is a home located in Los Angeles County with nearby schools including Willow Elementary, South Gate Middle School, and Southeast Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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