NOT LISTED FOR SALE

8950 Madison Ave South Gate, CA 90280

Estimated Value: $771,000 - $806,000

4 Beds
2 Baths
2,145 Sq Ft
$368/Sq Ft Est. Value

Last Sold April 25, 2025

Last sale price $780,000 $364 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,244/month

3 Days on Market

Highlights

  • No HOA
  • Rectangular Lot
  • 3-minute walk to State Street Park
  • Laundry Room
  • 1-Story Property

About This Home

As of April 2025

Don't miss out on this fantastic duplex in South Gate, perfect for investors or owner-occupants looking for rental income! Each unit features 2 bedrooms and 1 bathroom, offering comfortable living spaces. The main home includes a spacious den. Possible 3rd bedroom or extra living space, a home office, or entertainment area? Situated in a prime location near schools, shopping, and major freeways, this property provides convenience and great rental potential. Whether you're looking to expand your investment portfolio or find a home that may produce income, this duplex is a must-see! Schedule a showing today before it's gone!

Last Agent to Sell the Property

Ruben Silva

KELLER WILLIAMS REALTY Brokerage Phone: 909-802-9985 License #02081314 Listed on: 03/30/2025

KELLER WILLIAMS REALTY

Last Buyer's Agent

Vicky De la Herran

Excellence RE Real Estate, Inc. License #01990435

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,004 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,145 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 203
  • Tax Tract Number 3477
  • Assessor Parcel Number 6204003029
  • $760 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: SGR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6204003029
  • Year Built: 1929
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 363.64

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1378

Multi Family

  • Lot Size Area: 6004.0000 Square Feet
  • 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: Yes

Tax Info

  • Tax Census Tract: 5355.03
  • Tax Lot: 203
  • Tax Tract Number: 3477
  • TaxOtherAnnualAssessmentAmount: 760.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2025
Closed on
Apr 16, 2025
Sold by
Santiago Maria Luisa Santiago
Bought by
Lopez Jesus
Seller's Agent
Ruben Silva
KELLER WILLIAMS REALTY
Buyer's Agent
Vicky De la Herran
Excellence RE Real Estate, Inc.
List Price
$749,000
Sold Price
$780,000
Premium/Discount to List
$31,000
4.14%
Views
27
Current Estimated Value
$788,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,680
Avg. Annual Appreciation
1.59%
Original Mortgage
$765,872
Outstanding Balance
$761,781
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$26,899

Purchase Details

Listed on
Mar 30, 2025
Closed on
Apr 10, 2025
Sold by
Goode Family Trust and Goode William D
Bought by
Lopez Jesus and Lopez Alex
Seller's Agent
Ruben Silva
KELLER WILLIAMS REALTY
Buyer's Agent
Vicky De la Herran
Excellence RE Real Estate, Inc.
List Price
$749,000
Sold Price
$780,000
Premium/Discount to List
$31,000
4.14%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,872
Outstanding Balance
$761,781
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$26,899

Purchase Details

Closed on
Jun 1, 2020
Sold by
Goode William D and Goode Family Trust
Bought by
Goode William D and Goode Family Trust

Purchase Details

Closed on
Nov 26, 2019
Sold by
Goode William D and Goode Family Trust
Bought by
Goode William D and Goode Family Trust

Purchase Details

Closed on
Aug 5, 2016
Sold by
Goode William D and Goode Family Trust
Bought by
Goode William D and Goode Family Trust

Purchase Details

Closed on
Jun 5, 2007
Sold by
Goode William D and Goode Mildred B
Bought by
Goode William D and Goode Mildred B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 1999
Sold by
Goode William D and Goode Mildred B
Bought by
Goode William D and Goode Mildred B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lopez Jesus -- Wfg National Title
Lopez Jesus $780,000 Wfg National Title
Goode William D -- None Available
Goode William D -- None Available
Goode William D -- None Available
Goode William D -- First American Title Co
Goode William D -- First American Title Co
Goode William D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Jesus $765,872
Previous Owner Goode William D $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2025 04/25/25 Sold $780,000 0.0% $364 / Sq Ft
04/25/2025 04/25/25 Sold $780,000 +4.1% $364 / Sq Ft View Prior Sale
03/30/2025 03/30/25 For Sale $749,000 0.0% $349 / Sq Ft
03/30/2025 03/30/25 For Sale $749,000 -- $349 / 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 $1,484 $68,827 $25,949 $42,878
2024 $1,484 $67,479 $25,441 $42,038
2023 $1,463 $66,157 $24,943 $41,214
2022 $1,413 $64,860 $24,454 $40,406
2021 $1,383 $63,589 $23,975 $39,614
2020 $1,383 $62,938 $23,730 $39,208
2019 $1,346 $61,705 $23,265 $38,440
2018 $1,226 $60,496 $22,809 $37,687
2016 $1,144 $58,149 $21,924 $36,225
2015 $1,127 $57,276 $21,595 $35,681
2014 $1,134 $56,155 $21,172 $34,983
Source: Public Records

Agents Affiliated with this Home

  • Ruben Silva

    Seller's Agent in 2025

    Ruben Silva

    KELLER WILLIAMS REALTY

    (909) 802-9985

    2 in this area

    42 Total Sales

    Ruben Silva
    Section Image
  • Vicky De la Herran

    Buyer's Agent in 2025

    Vicky De la Herran

    Excellence RE Real Estate, Inc.

    (562) 648-9806

    6 in this area

    214 Total Sales

    Vicky De la Herran
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25067745

California Regional Multiple Listing Service (CRMLS)

APN: 6204-003-029

California Los Angeles County South Gate 90280

8950 Madison Ave, South Gate, CA

Not Listed for Sale

MultiFamily

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