NOT LISTED FOR SALE

8929 San Luis Ave South Gate, CA 90280

Estimated Value: $793,000 - $906,000

5 Beds
3 Baths
2,163 Sq Ft
$398/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2016

Last sale price $527,777 $244 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,325 / mo

8 Days on Market

About This Home

As of October 2016

Fantastic owner occupant opportunity in a large, renovated duplex on a beautiful tree lined street in South Gate. Back unit built in 1999, 1,363 sq ft 3 bedroom 2 bath with 3 car garage currently collecting $1,950 in rent. Front unit 2 bedroom 1 bath with attached 2 car garage will be delivered vacant at the close of escrow. Unit has been updated with new paint, carpet and finishes in bathroom and kitchen. This property will easily qualify FHA. Opportunity to use rental income from back unit to qualify.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 09/01/2016

Last Buyer's Agent

Sergio Labra

SOUTHLAND Real Estate Service License #00915475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,993 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 2,163 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 133
  • Tax Tract Number 3722
  • Assessor Parcel Number 6210008020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

5,993 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6210008020
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 244.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5993.00
  • Price Per Lot Square Foot: 83.26

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800
  • Average3 Bed Area: 1363
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 133
  • Tax Tract Number: 3722

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2020
Sold by
Bought by
Current Estimated Value
$859,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$407,755
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$452,213

Purchase Details

Listed on
Sep 1, 2016
Closed on
Oct 25, 2016
Sold by
Bought by
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Sergio Labra
SOUTHLAND Real Estate Service
List Price
$499,000
Sold Price
$527,777
Premium/Discount to List
$28,777
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%
Original Mortgage
$422,221
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2016
Closed on
Sep 30, 2016
Sold by
Bought by
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Sergio Labra
SOUTHLAND Real Estate Service
List Price
$499,000
Sold Price
$527,777
Premium/Discount to List
$28,777
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,221
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,600
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,600
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
8.24%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 24, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 11, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,450
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 19, 1996
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 1993
Sold by
Bought by

Purchase Details

Closed on
Apr 23, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Stewart Title
$528,000 Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity Van Nuys
-- Southland Title Corporation
$618,000 Southland Title Corporation
$425,000 Investors Title
-- Universal Title Company
$121,000 --
$126,000 Fidelity National Title Ins
$123,000 Fidelity National Title Ins
-- --
-- Stewart Title
-- Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $460,000
Closed $422,221
Previous Owner $123,600
Previous Owner $494,400
Previous Owner $340,000
Previous Owner $120,450
Previous Owner $140,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $527,777 +5.8% $244 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $499,000 -- $231 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,160 $612,784 $348,173 $264,611
2024 $7,910 $600,770 $341,347 $259,423
2023 $7,774 $588,991 $334,654 $254,337
2022 $7,402 $577,443 $328,093 $249,350
2021 $7,313 $566,121 $321,660 $244,461
2020 $7,370 $560,317 $318,362 $241,955
2019 $7,081 $549,331 $312,120 $237,211
2018 $6,917 $538,560 $306,000 $232,560
2016 $5,422 $384,886 $208,047 $176,839
2015 $4,175 $310,968 $177,769 $133,199
2014 $4,180 $304,877 $174,287 $130,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16192934

California Regional Multiple Listing Service (CRMLS)

APN: 6210-008-020

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