NOT LISTED FOR SALE

8973 S Gate Ave South Gate, CA 90280

Estimated Value: $820,063 - $936,000

2 Beds
1 Bath
2,146 Sq Ft
$400/Sq Ft Est. Value

Last Sold January 02, 2014

Last sale price $419,900 $196 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $5,002/month

49 Days on Market

Highlights

  • No Units Above
  • Front Yard
  • 4-minute walk to State Street Park
  • French Doors

About This Home

As of January 2014

A must see 3 one story units in an excellent neighborhood. #1 unit has 1 bedroom 1 bath, #2 unit has 1 bedroom 1 bath, #3 unit has 2 bedrooms 1 bath. All 3 units have newer double pain windows; the 2/1 has new kitchen cabinets with granite counter tops. Each unit has a 1 car garage, inside laundry access. All 3 bathrooms were remolded. A few more upgrades were done to the properties. Long driveway for more parking. Close to schools, parks and stores.

Last Agent to Sell the Property

Martin Cueva

Advance Realty License #01103656 Listed on: 09/25/2013

Last Buyer's Agent

Sergio Labra

SOUTHLAND Real Estate Service License #00915475

SOUTHLAND Real Estate Service

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,993 Sq Ft Lot
  • No Units Above
  • No Common Walls
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,146 Sq Ft Home
  • French Doors

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 228
  • Tax Tract Number 3477
  • Assessor Parcel Number 6204007007

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $1,920
  • New Taxes Expense $5,248
  • Gross Income $2,850
  • Net Operating Income $2,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

5,993 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 6204007007
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls, No One Above
  • Door Features: French Doors
  • Price Per Square Foot: 195.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5993.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 2850.00
  • Gross Scheduled Income: 2850.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5993.0000 Square Feet
  • Net Operating Income: 2850.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5248.00
  • Tax Lot: 228
  • Tax Tract Number: 3477
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2013
Closed on
Nov 25, 2013
Sold by
Perez Leopoldo A
Bought by
Perez Maria G
Seller's Agent
Martin Cueva
Advance Realty
Buyer's Agent
Sergio Labra
SOUTHLAND Real Estate Service
List Price
$419,900
Sold Price
$419,900
Current Estimated Value
$859,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,116
Avg. Annual Appreciation
6.08%
Original Mortgage
$272,675
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2013
Closed on
Nov 15, 2013
Sold by
Gallegos Maria Elena
Bought by
Perez Maria G and Perez Bridget A
Seller's Agent
Martin Cueva
Advance Realty
Buyer's Agent
Sergio Labra
SOUTHLAND Real Estate Service
List Price
$419,900
Sold Price
$419,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,675
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2004
Sold by
Aguilar Francisco
Bought by
Gallegos Ignacio and Gallegos Maria Elena

Purchase Details

Closed on
Oct 30, 1996
Sold by
Gallegos Ignacio and Gallegos Maria E
Bought by
Aguilar Francisco
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
Perez Maria G -- Ticor Title Tustin Orange Co
Perez Maria G $419,500 Ticor Title Insurance
Gallegos Ignacio -- Southland Title
Aguilar Francisco -- --
Aguilar Francisco -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Maria G $272,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2014 01/02/14 Sold $419,900 0.0% $196 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $419,900 -- $196 / 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 $6,910 $514,240 $306,461 $207,779
2024 $6,910 $504,157 $300,452 $203,705
2023 $6,793 $494,272 $294,561 $199,711
2022 $6,477 $484,582 $288,786 $195,796
2021 $6,397 $475,081 $283,124 $191,957
2020 $6,444 $470,690 $280,221 $190,469
2019 $6,198 $461,471 $274,727 $186,744
2018 $6,035 $452,433 $269,341 $183,092
2016 $5,760 $434,405 $258,883 $175,522
2015 $5,668 $427,881 $254,995 $172,886
2014 $6,906 $487,803 $226,277 $261,526
Source: Public Records

Agents Affiliated with this Home

  • Martin Cueva

    Seller's Agent in 2014

    Martin Cueva

    Advance Realty

    (714) 240-2559

    134 Total Sales

    Martin Cueva
    Section Image

  • S

    Buyer's Agent in 2014

    Sergio Labra

    SOUTHLAND Real Estate Service

    (323) 855-8568

    2 in this area

    19 Total Sales

    Sergio Labra
    Section Image

  • S

    Buyer's Agent in 2014

    Sergio Casas

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13196009

California Regional Multiple Listing Service (CRMLS)

APN: 6204-007-007

California Los Angeles County South Gate 90280

8973 S Gate Ave, South Gate, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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

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