NOT LISTED FOR SALE

8987 May Ct South Gate, CA 90280

Estimated Value: $933,000 - $1,095,000

5 Beds
3 Baths
2,200 Sq Ft
$457/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $700,000 $318 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,070/month

60 Days on Market

Highlights

  • Built-In Features
  • Living Room
  • Storage
  • Legacy High School Complex Rated A-
  • Laundry Room
  • Front Yard

About This Home

As of September 2020

An amazing opportunity in South Gate! This property features 3 units with individual access for each plus access to the detached 3-car garage. The front unit offers 1-bed, 1-bath, & a tiled living room with large windows that bring in beautiful ambient light. Into the kitchen, find plenty of space for every dining adventure, complete with a cute dining space, too. Plus, there’s an outdoor washer/dryer hookup on the north side of the property. The back unit is complete with 2-bed, 1-bath, & plenty of natural light through out the large living room which is highlighted by stunning green tile that flows into the kitchen. This kitchen offers built-in cabinets & has an efficient dining space. Conveniently, there’s a washer/dryer hookup in the pantry area. Upstairs, the third unit features 2-bed, 1-bath, a spacious living room with laminate floors, & a handy laundry hookup space in the pantry area. Plus, this unit features plenty of built-in storage throughout and in the kitchen. This property is a great find and only minutes away from South Gate Park, Azalea Reginal Shopping Center, popular restaurants, and easy access to the 710 Freeway!

Last Agent to Sell the Property

Cristina Arneson-Cabrera

Donald R. Peart Jr, Broker License #02058796 Listed on: 06/11/2020

Donald R. Peart Jr, Broker

Co-Listed By

Derrick Cabrera

JohnHart Real Estate License #01473179

Last Buyer's Agent

Abdiel Hernandez

Harcourts Prime Properties License #01983567

Harcourts Prime Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,604

Year Built

  • Built in 1954

Lot Details

  • 4,037 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room
  • Storage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 63
  • Tax Tract Number 10486
  • Assessor Parcel Number 6222010009

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,604

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: SGR4YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6222010009
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 318.18
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4037.00
  • Lot Size Acres: 0.0927

Multi Family

  • Lot Size Area: 4037.0000 Square Feet
  • 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

  • Tax Census Tract: 5361.03
  • Tax Lot: 63
  • Tax Tract Number: 10486

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2022
Sold by
Unknown
Bought by
La Hija De Aurealuz Y David Trust and Aguilar
Current Estimated Value
$1,004,884

Purchase Details

Listed on
Jun 11, 2020
Closed on
Aug 18, 2020
Sold by
Rosas Beatriz
Bought by
Flores Manuel T
Seller's Agent
Cristina Arneson-Cabrera
Donald R. Peart Jr, Broker
Buyer's Agent
Abdiel Hernandez
Harcourts Prime Properties
List Price
$749,999
Sold Price
$700,000
Premium/Discount to List
-$49,999
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$651,200
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 11, 2020
Closed on
Aug 13, 2020
Sold by
Flroes Manuel T
Bought by
Aguilar Veronica
Seller's Agent
Cristina Arneson-Cabrera
Donald R. Peart Jr, Broker
Buyer's Agent
Abdiel Hernandez
Harcourts Prime Properties
List Price
$749,999
Sold Price
$700,000
Premium/Discount to List
-$49,999
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$651,200
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 2007
Sold by
Sanchez Victor
Bought by
Flores Manuel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,875
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 5, 2005
Sold by
Orozco Sergio and Maldonado Monica
Bought by
Sanchez Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2003
Sold by
Dominguez Javier and Dominguez Maria Teresa
Bought by
Sanchez Aurelia
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
La Hija De Aurealuz Y David Trust -- None Listed On Document
Flores Manuel T -- Westminster Title
Aguilar Veronica $700,000 Westminster Title Company
Flores Manuel T $612,000 Southland Title
Sanchez Victor $510,000 North American Title Co
Sanchez Aurelia -- North American Title Co
Sanchez Aurelia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aguilar Veronica $651,200
Previous Owner Flores Manuel T $561,875
Previous Owner Sanchez Victor $408,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $700,000 -6.7% $318 / Sq Ft
08/11/2020 08/11/20 For Sale $749,999 +7.1% $341 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/10/2020 07/10/20 Off Market $700,000 -- --
06/11/2020 06/11/20 For Sale $749,999 -- $341 / 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 $9,604 $757,699 $492,505 $265,194
2024 $9,604 $742,844 $482,849 $259,995
2023 $9,435 $728,280 $473,382 $254,898
2022 $8,979 $714,000 $464,100 $249,900
2021 $8,871 $700,000 $455,000 $245,000
2020 $9,697 $749,731 $367,515 $382,216
2019 $9,311 $735,031 $360,309 $374,722
2018 $9,175 $720,620 $353,245 $367,375
2016 $8,770 $692,639 $339,529 $353,110
2015 $8,628 $682,235 $334,429 $347,806
2014 $8,630 $668,871 $327,878 $340,993
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20112111

California Regional Multiple Listing Service (CRMLS)

APN: 6222-010-009