NOT LISTED FOR SALE

8952 Elizabeth Ave Unit A South Gate, CA 90280

Estimated Value: $1,013,000 - $1,318,251

5 Beds
4 Baths
2,786 Sq Ft
$423/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $935,000 $336 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,316/month

17 Days on Market

Highlights

  • Property is near public transit
  • Park
  • 4 Car Garage
  • Legacy High School Complex Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2020

Great income property . Units have been remolded. New kitchen in all units ,wood floor, new paint. The electrical and pluming have been updated. Roof is about 1 year old, tankless water heather in all units . There is 5 electrical meters . The laundry room has its own electrical meter. This is perfect for extra income .Four 1 car garage for each apartment . There is also two additional room for storage. Increase your portfolio

Last Agent to Sell the Property

Aracelia Flores

Century 21 Allstars License #01476554 Listed on: 01/07/2020

Century 21 Allstars

Last Buyer's Agent

Jeronimo Almeida

Century 21 Allstars License #01062288

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,059

Year Built

  • Built in 1949

Lot Details

  • 8,309 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 2,786 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 86
  • Tax Tract Number 3477
  • Assessor Parcel Number 6210020037

Community Details

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $80
  • Water Sewer Expense $80
  • New Taxes Expense $8,451
  • Gross Income $5,300
  • Net Operating Income $5,140

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,059

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 80.00
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6210020037
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 335.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 80.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Lot Size Sq Ft: 8309.00
  • Lot Size Acres: 0.1907

Multi Family

  • Gross Income: 5300.00
  • Gross Operating Income: 5300.00
  • Gross Scheduled Income: 5800.00
  • Lot Size Area: 8309.0000 Square Feet
  • Net Operating Income: 5140.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 160.00
  • Rent Control: No
  • Total Actual Rent: 5300.00

Tax Info

  • New Taxes Expense: 8451.00
  • Tax Census Tract: 5357.02
  • Tax Lot: 86
  • Tax Tract Number: 3477

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2020
Closed on
Mar 11, 2020
Sold by
Wong Michael C and Wong Jacqueline C
Bought by
Wong Jacqueline C and Wong Michael C
Seller's Agent
Aracelia Flores
Century 21 Allstars
Buyer's Agent
Jeronimo Almeida
Century 21 Allstars
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%
Current Estimated Value
$1,178,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,313
Avg. Annual Appreciation
4.18%
Original Mortgage
$701,250
Outstanding Balance
$622,229
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$556,084

Purchase Details

Listed on
Jan 7, 2020
Closed on
Feb 27, 2020
Sold by
U & A Properties Llc
Bought by
Wong Michael C and Wong Jacqueline C
Seller's Agent
Aracelia Flores
Century 21 Allstars
Buyer's Agent
Jeronimo Almeida
Century 21 Allstars
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Outstanding Balance
$622,229
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$556,084

Purchase Details

Listed on
Jan 7, 2020
Closed on
Feb 13, 2020
Sold by
Pedroza Ulysses and Pedroza Alma A
Bought by
U & A Properties Llc
Seller's Agent
Aracelia Flores
Century 21 Allstars
Buyer's Agent
Jeronimo Almeida
Century 21 Allstars
List Price
$950,000
Sold Price
$935,000
Premium/Discount to List
-$15,000
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Outstanding Balance
$622,229
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$556,084

Purchase Details

Closed on
Dec 13, 2016
Sold by
Pedroza Ulysses
Bought by
Pedroza Ulysses and Pedroza Alma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 3, 2016
Closed on
Mar 11, 2016
Sold by
Deleon Dolores Quintero
Bought by
Torres Ulysses Pedroza and Pedroza Alma A
Seller's Agent
ETTA ENDO
SMARTWAY REALTY CORP.
Buyer's Agent
Aracelia Flores
Century 21 Allstars
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$420,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2011
Sold by
Deleon Miguel
Bought by
The Miguel & Dolores De Leon Family Trus

Purchase Details

Closed on
Feb 7, 2006
Sold by
Deleon Miguel Duenas
Bought by
Deleon Miguel Duenas and Deleon Dolores Quintero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 1999
Sold by
Deleon Ascencion
Bought by
Deleon Ascencion and Ascencion Deleon Revocable 1990 Trust

Purchase Details

Closed on
Nov 7, 1996
Sold by
Deleon Dolores
Bought by
Deleon Miguel Duenas and Deleon Dolores Quintero
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
Wong Jacqueline C -- None Available
Wong Michael C $935,000 Lawyers Title
U & A Properties Llc -- None Available
Pedroza Ulysses -- Lawyers Title
Torres Ulysses Pedroza $600,000 Fnt Ie
The Miguel & Dolores De Leon Family Trus -- None Available
Deleon Miguel -- None Available
Deleon Miguel Duenas -- Commonwealth Title
Deleon Miguel Duenas -- Commonwealth Title
Deleon Ascencion -- --
Deleon Miguel Duenas -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Michael C $701,250
Previous Owner Pedroza Ulysses $435,000
Previous Owner Torres Ulysses Pedroza $420,000
Previous Owner Deleon Miguel Duenas $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2020 03/02/20 Sold $935,000 -1.6% $336 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $950,000 +58.3% $341 / Sq Ft
04/01/2016 04/01/16 Sold $600,000 +4.3% $215 / Sq Ft View Prior Sale
02/22/2016 02/22/16 Pending -- -- --
01/03/2016 01/03/16 For Sale $575,000 -- $206 / 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 $13,059 $1,022,555 $460,422 $562,133
2024 $13,059 $1,002,506 $451,395 $551,111
2023 $12,832 $982,850 $442,545 $540,305
2022 $12,215 $963,579 $433,868 $529,711
2021 $12,072 $944,686 $425,361 $519,325
2020 $8,790 $649,457 $303,080 $346,377
2019 $8,451 $636,724 $297,138 $339,586
2018 $8,259 $624,240 $291,312 $332,928
2016 $2,993 $189,024 $52,369 $136,655
2015 $2,945 $186,186 $51,583 $134,603
2014 $2,959 $182,540 $50,573 $131,967
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20003944

California Regional Multiple Listing Service (CRMLS)

APN: 6210-020-037