NOT LISTED FOR SALE

9208 Deeble St South Gate, CA 90280

Estimated Value: $1,048,000 - $1,224,000

4 Beds
4 Baths
3,176 Sq Ft
$361/Sq Ft Est. Value

Last Sold June 07, 2017

Last sale price $655,000 $206 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,913/month

41 Days on Market

Highlights

  • No HOA
  • Balcony
  • Parking Storage or Cabinetry
  • Legacy High School Complex Rated A-
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to State Street Park

About This Home

As of June 2017

Back on the market! Beautiful four-unit cash flow property with additional upside, and no rent control. Property consists of four large 1BD 1BA units approximately 794/SF each, laundry hookup inside each unit, detached 1-car garage per unit, separate gas and electric meters. 100% tenant occupied on month-to-month basis. Might be able to reconfigure existing units into 2BR without adding square footage.

Last Agent to Sell the Property

Arbi Sarkissian

Real Brokerage Technologies, I License #01714624 Listed on: 04/12/2017

Last Buyer's Agent

Arbi Sarkissian

Real Brokerage Technologies, I License #01714624 Listed on: 04/12/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,473

Year Built

  • Built in 1950

Lot Details

  • 8,345 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway

Home Design

  • 3,176 Sq Ft Home
  • Property Attached
  • Raised Foundation

Additional Features

  • 4 Bedrooms
  • Balcony
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 6209006035

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Not Applicable 105 Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,165
  • Water Sewer Expense $3,900
  • Net Operating Income $37,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,473

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.84
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3900.00
  • Zoning: SGR3YY
  • Property Type: Residential Income
  • Parcel Number: 6209006035
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall
  • Levels: One, Two
  • Price Per Square Foot: 206.23

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Driveway, Private
  • Total Parking Spaces: 4.00

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8345.00
  • Lot Size Acres: 0.1916

Multi Family

  • Average1 Bed Area: 794
  • Gross Multiplier: 12.13
  • Insurance Expense: 1165.00
  • Lot Size Area: 8345.0000 Square Feet
  • Net Operating Income: 37982.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15538.00
  • Operating Expense Percent: 29.00
  • Total Actual Rent: 53520.00

Tax Info

  • Tax Annual Amount: 10473.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2020
Sold by
Lai Tony
Bought by
Lai Tony and Tony Lai Revocable Trust
Current Estimated Value
$1,145,667

Purchase Details

Listed on
Apr 12, 2017
Closed on
Aug 2, 2017
Sold by
Trtd Llc
Bought by
Lai Tony
Seller's Agent
Arbi Sarkissian
Real Brokerage Technologies, I
Buyer's Agent
Arbi Sarkissian
Real Brokerage Technologies, I
List Price
$649,000
Sold Price
$655,000
Premium/Discount to List
$6,000
0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$493,500
Outstanding Balance
$261,164
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$884,503

Purchase Details

Listed on
Apr 12, 2017
Closed on
May 25, 2017
Sold by
Montes Yolanda
Bought by
Trtd Llc
Seller's Agent
Arbi Sarkissian
Real Brokerage Technologies, I
Buyer's Agent
Arbi Sarkissian
Real Brokerage Technologies, I
List Price
$649,000
Sold Price
$655,000
Premium/Discount to List
$6,000
0.92%

Purchase Details

Closed on
Jan 13, 2006
Sold by
Villa Raul
Bought by
Montes Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6.28%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 20, 2005
Sold by
Saucedo Juana and Estate Of Jose De Jesus Sauced
Bought by
Montes Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6.28%
Mortgage Type
Stand Alone Second
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
Lai Tony -- None Available
Lai Tony $658,000 North American Title
Trtd Llc $655,000 North American Title
Montes Yolanda -- Ticor Title Co Glendale
Montes Yolanda $708,000 Ticor Title Co Glendale
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Tony $493,500
Previous Owner Montes Yolanda $69,000
Previous Owner Montes Yolanda $483,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2017 06/07/17 Sold $655,000 +0.9% $206 / Sq Ft
05/08/2017 05/08/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $649,000 -- $204 / 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 $10,987 $810,129 $448,757 $361,372
2024 $10,665 $794,245 $439,958 $354,287
2023 $10,483 $778,673 $431,332 $347,341
2022 $9,990 $763,406 $422,875 $340,531
2021 $9,867 $748,438 $414,584 $333,854
2020 $9,943 $740,764 $410,333 $330,431
2019 $9,558 $726,240 $402,288 $323,952
2018 $9,855 $756,000 $250,000 $506,000
2016 $10,473 $817,313 $413,274 $404,039
2015 $10,304 $805,037 $407,067 $397,970
2014 $10,310 $789,269 $399,094 $390,175
Source: Public Records

Agents Affiliated with this Home

  • Arbi Sarkissian

    Seller's Agent in 2017

    Arbi Sarkissian

    Real Brokerage Technologies, I

    (818) 371-0236

    70 Total Sales

    Arbi Sarkissian
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 317003168

California Regional Multiple Listing Service (CRMLS)

APN: 6209-006-035

California Los Angeles County South Gate 90280

9208 Deeble St, South Gate, CA

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