$1,100,000
SOLD AUG 27, 2025

8949 Atlantic Ave South Gate, CA 90280

3 Beds
6 Baths
4,617 Sq Ft
0.25 Acres

Recently Sold

$238 Per Sq Ft

11% Above List Price

23 Days on Market

Highlights

  • 0.25 Acre Lot
  • Wire Fence
  • Back Yard
  • Laundry Room
  • Wall Furnace
  • 1-Story Property

About This Home

As of August 2025

Mixed Use Property consisting of 3 Commercial Stores and 2 residential houses. Super large lot with ample parking/storage space. Conveniently located near freeways, shopping centers, supermarkets, restaurants. Opportunities are endless!!!

Last Agent to Sell the Property

Carrie Uva

24 Hour Real Estate Brokerage Phone: 562-761-0597 License #01152047 Listed on: 07/15/2025

Last Buyer's Agent

Johnny Corona

Century 21 Allstars License #01888349

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Wire Fence
  • Back Yard

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 4,617 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 6 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Uncovered Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 10486
  • Assessor Parcel Number 6222008001
  • $1,822 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $18,000
  • Professional Management Expense $2,300
  • Trash Expense $4,200
  • Water Sewer Expense $1,560
  • Operating Expense $26,060
  • Gross Income $144,000
  • Net Operating Income $117,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Professional Management Expense: 2300.00
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 1560.00
  • Zoning: SGCMYY
  • Property Condition: Fixer
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6222008001
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 238.25

Exterior Features

  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Uncovered

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 4200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 11015.00
  • Lot Size Acres: 0.2529

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 144000.00
  • Gross Scheduled Income: 144000.00
  • Insurance Expense: 18000.00
  • Lot Size Area: 11015.0000 Square Feet
  • Net Operating Income: 117940.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 5
  • Operating Expense: 26060.00
  • Rent Control: Yes
  • Total Actual Rent: 1947.00
  • Total Expenses: 26060.00

Tax Info

  • Tax Census Tract: 5361.03
  • Tax Lot: 24
  • Tax Tract Number: 10486
  • TaxOtherAnnualAssessmentAmount: 1822.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2025
Closed on
Aug 13, 2025
Sold by
Hayashigawa Family 2010 Trust and Mcfadden David
Bought by
Compatior Inc
Seller's Agent
Carrie Uva
24 Hour Real Estate
Buyer's Agent
Johnny Corona
Century 21 Allstars
List Price
$995,000
Sold Price
$1,100,000
Premium/Discount to List
$105,000
10.55%
Views
37
Current Estimated Value
$1,105,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,856
Avg. Annual Appreciation
1.30%
Original Mortgage
$728,000
Outstanding Balance
$727,373
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$378,483

Purchase Details

Listed on
Jul 15, 2025
Closed on
Aug 8, 2025
Sold by
Mcfadden Runmei Shang
Bought by
Mcfadden Dennis
Seller's Agent
Carrie Uva
24 Hour Real Estate
Buyer's Agent
Johnny Corona
Century 21 Allstars
List Price
$995,000
Sold Price
$1,100,000
Premium/Discount to List
$105,000
10.55%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Outstanding Balance
$727,373
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$378,483

Purchase Details

Closed on
Dec 16, 2011
Sold by
Hayashigawa Sandra C and Hayashigawa Sandra
Bought by
Hayashigawa Lawrence and Hayashigawa Sandra C

Purchase Details

Closed on
Oct 29, 2010
Sold by
Hayashigawa Sandra and Mcfadden David
Bought by
Hayashigawa Sandra and Mcfadden David

Purchase Details

Closed on
May 11, 2009
Sold by
Mcfadden Wilma V and Mcfadden Family Revocable Trus
Bought by
Mcfadden Wilma V and Mcfadden Trust A

Purchase Details

Closed on
Apr 24, 2007
Sold by
Mcfadden Bertram W
Bought by
The Mcfadden Family Revocable Trust
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

Date Type Sale Price Title Company
Grant Deed $1,100,000 Monarch Title
Grant Deed -- Monarch Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- United General Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $728,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2025 08/27/25 Sold $1,100,000 +10.6% $238 / Sq Ft
08/07/2025 08/07/25 Pending -- -- --
07/15/2025 07/15/25 For Sale $995,000 -- $216 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,683 $158,767 $75,372 $83,395
2024 $3,683 $155,655 $73,895 $81,760
2023 $3,635 $152,604 $72,447 $80,157
2022 $3,518 $149,613 $71,027 $78,586
2021 $3,451 $146,681 $69,635 $77,046
2020 $3,457 $145,177 $68,921 $76,256
2019 $3,365 $142,331 $67,570 $74,761
2018 $3,097 $139,542 $66,246 $73,296
2016 $2,913 $134,125 $63,675 $70,450
2015 $2,872 $132,111 $62,719 $69,392
2014 $2,874 $129,524 $61,491 $68,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25159232

California Regional Multiple Listing Service (CRMLS)

APN: 6222-008-001