I
Seller's Agent in 2018
Irma Salgado
CBM Real Estate
8924 Mcnerney Ave South Gate, CA 90280
Estimated Value: $937,000 - $1,095,377
4
Beds
4
Baths
2,342
Sq Ft
$434/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Lawn
- Cooling System Mounted To A Wall/Window
- Fireplace in Bathroom
- No HOA
- Laundry Room
About This Home
As of January 2018Great Investment opportunity for someone looking for residential income producing property in the beautiful city of South Gate. Fabulous Four-plex property sits on a large lot, All four units consist of one bed/one bath each. All 4 units have a separate gas and electric meter. Each unit has their very own garage. Two of the units have washer and dryer hookup; Nicely landscaped front and backyard with Sprinkler system. There is also a large bonus room in back! The units are well maintained with many upgrades, close to South Gate Park, which has a Skate Park, Soccer and Baseball Fields, Olympic size Swimming Pool and a Par-3 Golf Course! This is a Gem of an Investment property in a Neighborhood with no rent control. Investors do not let this opportunity go!!
Last Agent to Sell the Property
Irma Salgado
CBM Real Estate License #01901858 Listed on: 05/22/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 7,785 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Landscaped
- Front and Back Yard Sprinklers
- Lawn
- Back and Front Yard
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
Home Design
- Property Attached
- Raised Foundation
- Asphalt Roof
- Stucco
Interior Spaces
- 2,342 Sq Ft Home
- Living Room with Fireplace
- Laundry Room
Kitchen
- Gas Range
- Fireplace in Kitchen
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
- Fireplace in Bathroom
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 6768
- Tax Tract Number 6666
- Assessor Parcel Number 6216028006
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $1,700
- Trash Expense $240
- Water Sewer Expense $1,680
- New Taxes Expense $8,212
- Operating Expense $11,833
- Gross Income $3,200
- Net Operating Income $26,568
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 3, 2017
Sold by
Gomez Maria A
Bought by
Lara Alejandro and Castaneda Keri V
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 1994
Sold by
Garcia Trinidad and Garcia Leonor
Bought by
Gomez Maria A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
8.78%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lara Alejandro | $680,000 | First American Title Company | |
| Gomez Maria A | -- | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lara Alejandro | $510,000 | |
| Previous Owner | Gomez Maria A | $171,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2018 01/26/18 | Sold | $680,000 | -12.3% | $290 / Sq Ft |
| 06/12/2017 06/12/17 | Pending | -- | -- | -- |
| 05/28/2017 05/28/17 | Price Changed | $775,000 | +18.0% | $331 / Sq Ft |
| 05/22/2017 05/22/17 | For Sale | $657,000 | -- | $281 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,033 | $773,718 | $502,918 | $270,800 |
| 2024 | $10,033 | $758,548 | $493,057 | $265,491 |
| 2023 | $9,861 | $743,676 | $483,390 | $260,286 |
| 2022 | $9,392 | $729,095 | $473,912 | $255,183 |
| 2021 | $9,282 | $714,800 | $464,620 | $250,180 |
| 2020 | $9,355 | $707,471 | $459,856 | $247,615 |
| 2019 | $8,990 | $693,600 | $450,840 | $242,760 |
| 2018 | $4,691 | $331,529 | $172,562 | $158,967 |
| 2016 | $4,470 | $318,657 | $165,862 | $152,795 |
| 2015 | $4,400 | $313,871 | $163,371 | $150,500 |
| 2014 | $4,409 | $307,723 | $160,171 | $147,552 |
Source: Public Records
Agents Affiliated with this Home
-
-
Moises Carlos
Buyer's Agent in 2018
Moises Carlos
Escala Realty Group
(818) 988-3000
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW17113775
APN: 6216-028-006
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.
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
Nearby Homes
- 8963 Bowman Ave
- 8995 Alexander Ave
- 9308 Mcnerney Ave
- 9329 Mcnerney Ave
- 9505 Bryson Ave
- 9525 Bowman Ave
- 9307 San Miguel Ave
- 9616 Bowman Ave
- 9611 Mallison Ave
- 9643 Mallison Ave
- 8669 San Gabriel Ave
- 9529 San Juan Ave
- 3720 Ardmore Ave
- 9601 San Juan Ave
- 9726 Kauffman Ave
- 3816 Liberty Blvd
- 9222 California Ave
- 4080 Broadway
- 3807 Cudahy St
- 3927 Broadway
- 8928 Mcnerney Ave
- 8981 Mcnerney Ave Unit B
- 8925 Bowman Ave
- 8919 Bowman Ave
- 8929 Bowman Ave
- 8938 Mcnerney Ave
- 8915 Bowman Ave
- 4300 Firestone Blvd
- 8935 Bowman Ave
- 8913 Bowman Ave
- 4308 Firestone Blvd
- 8937 Bowman Ave
- 8929 Mcnerney Ave
- 8939 Bowman Ave
- 8931 Mcnerney Ave
- 8931 Mcnerney Ave Unit 1 Front Unit
- 8931 Mcnerney Ave
- 4320 Firestone Blvd
- 4322 Firestone Blvd
- 8937 Mcnerney Ave