Seller's Agent in 2019
Steve Heimuli
Shahin Ghotbi
(949) 510-0618
8981 Lotta Ave South Gate, CA 90280
Estimated Value: $725,000 - $878,249
3
Beds
3
Baths
1,596
Sq Ft
$505/Sq Ft
Est. Value
About This Home
As of April 2019100% leased 4-unit multifamily property consisting of a triplex plus a converted garage unit. Located in South Gate, just off Firestone Blvd & the 710 freeway. Monthly rents are $2,900, or $34,800 annually. After expenses, NOI is approximately $27,832 **DRIVE BY ONLY. DO NOT DISTURB TENANTS**
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 4,918 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 1,596 Sq Ft Home
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tax Lot 24
- Tax Tract Number 8134
- Assessor Parcel Number 6222007011
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Trash Expense $775
- Water Sewer Expense $775
- Operating Expense $6,968
- Gross Income $34,800
- Net Operating Income $27,832
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 1, 2020
Sold by
Caremcar Llc
Bought by
Casa Virinia Llc
Current Estimated Value
Purchase Details
Listed on
Feb 13, 2019
Closed on
Apr 29, 2019
Sold by
The Declaration Of Trust
Bought by
Carerncar Llc
Seller's Agent
Steve Heimuli
Shahin Ghotbi
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$749,000
Sold Price
$600,000
Premium/Discount to List
-$149,000
-19.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Casa Virinia Llc | -- | Accommodation | |
| Carerncar Llc | $600,000 | Fidelity National Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2019 04/30/19 | Sold | $600,000 | -19.9% | $376 / Sq Ft |
| 02/13/2019 02/13/19 | For Sale | $749,000 | -- | $469 / 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 | $8,627 | $669,307 | $401,585 | $267,722 |
| 2024 | $8,627 | $656,184 | $393,711 | $262,473 |
| 2023 | $8,477 | $643,319 | $385,992 | $257,327 |
| 2022 | $8,071 | $630,706 | $378,424 | $252,282 |
| 2021 | $7,977 | $618,340 | $371,004 | $247,336 |
| 2020 | $8,041 | $612,000 | $367,200 | $244,800 |
| 2019 | $1,378 | $51,155 | $20,629 | $30,526 |
| 2018 | $1,273 | $50,153 | $20,225 | $29,928 |
| 2016 | $1,198 | $48,208 | $19,441 | $28,767 |
| 2015 | $1,180 | $47,484 | $19,149 | $28,335 |
| 2014 | $1,192 | $46,554 | $18,774 | $27,780 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Heimuli
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
None MRML
(646) 541-2551
2 in this area
6,329 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19034320
APN: 6222-007-011
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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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