NOT LISTED FOR SALE

9428 Madison Ave South Gate, CA 90280

Estimated Value: $809,000 - $934,000

4 Beds
2 Baths
2,142 Sq Ft
$404/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $720,000 $336 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,326/month

64 Days on Market

Highlights

  • Laundry Room
  • Legacy High School Complex Rated A-
  • Level Lot

About This Home

As of January 2023

Amazing opportunity to own a Duplex in the City of South Gate! Live in one unit and rent the other, or purchase and hold as a long term investment! Two detached units, each are a 2bed/1bath, one has an additional bonus room. One two car garage, plenty of parking, and lots of opportunity! Contact your realtor to make an offer today!

Last Agent to Sell the Property

Jessica Nieto

eXp Realty of California Inc License #01923684 Listed on: 10/12/2022

eXp Realty of California Inc

Co-Listed By

Brian Brooke

eXp Realty of California Inc License #01385336

Last Buyer's Agent

Monica Saucedo

Global PNC Real Estate License #02084803

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,496

Year Built

  • Built in 1928

Lot Details

  • 6,160 Sq Ft Lot
  • Level Lot
  • Property is zoned SGR3YY

Parking

  • 2 Car Garage

Home Design

  • 2,142 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Tax Lot 20
  • Tax Tract Number 1
  • Assessor Parcel Number 6206025005
  • $744 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,496

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Zoning: SGR3YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 6206025005
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 336.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6160.00
  • Lot Size Acres: 0.1414

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 28140.00
  • Gross Scheduled Income: 28140.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6160.0000 Square Feet
  • Net Operating Income: 28140.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 1300.00

Tax Info

  • Tax Census Tract: 5356.05
  • Tax Lot: 20
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 744.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2023
Sold by
Deleon Cesar H and Aguiniga Adriana
Bought by
Deleon Cesar H and Gonzalez Adriana Aguiniga
Current Estimated Value
$866,384

Purchase Details

Listed on
Oct 12, 2022
Closed on
Jan 24, 2023
Sold by
Aguinga Gonzalez Veronica
Bought by
Elizarraras Benjamin
Seller's Agent
Jessica Nieto
eXp Realty of California Inc
Buyer's Agent
Monica Saucedo
Global PNC Real Estate
List Price
$775,000
Sold Price
$720,000
Premium/Discount to List
-$55,000
-7.1%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%
Original Mortgage
$706,959
Interest Rate
6.31%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 12, 2022
Closed on
Dec 19, 2022
Sold by
Ih2 Property West Lp
Bought by
Deleon Cesar H
Seller's Agent
Jessica Nieto
eXp Realty of California Inc
Buyer's Agent
Monica Saucedo
Global PNC Real Estate
List Price
$775,000
Sold Price
$720,000
Premium/Discount to List
-$55,000
-7.1%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,959
Interest Rate
6.31%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2018
Sold by
2018 3 Ih Borrower Lp
Bought by
1H2 Property West Lp

Purchase Details

Closed on
Jun 19, 2015
Sold by
Ih2 Property West Lp
Bought by
2015-3 Ih2 Borrower Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,395,000
Interest Rate
3.83%
Mortgage Type
Loan Amount Between One & Nine Billion

Purchase Details

Closed on
Jul 12, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Ih2 Property West Lp

Purchase Details

Closed on
Apr 23, 2013
Sold by
Morales Gina L
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Feb 1, 2008
Sold by
Zeineddine Ghani
Bought by
Morales Gina L

Purchase Details

Closed on
Dec 18, 2007
Sold by
Morales Gina L
Bought by
Morales Gina L and Zeineddine Ghani

Purchase Details

Closed on
Feb 15, 2006
Sold by
Morales Hilaria C
Bought by
Morales Cecil L and Morales Gina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
11.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Deleon Cesar H -- None Listed On Document
Elizarraras Benjamin -- First American Title
Deleon Cesar H $720,000 First American Title
1H2 Property West Lp -- None Available
2015-3 Ih2 Borrower Lp -- Fidelity Natl Title Group
Ih2 Property West Lp $383,000 Fidelity National Title Co
Nationstar Mortgage Llc $420,339 Accommodation
Morales Gina L -- None Available
Morales Gina L -- None Available
Morales Cecil L -- Transunion Title & Escrow Se
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deleon Cesar H $706,959
Previous Owner 2015-3 Ih2 Borrower Lp $119,395,000
Previous Owner Morales Cecil L $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2023 01/27/23 Sold $720,000 +2.7% $336 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/08/2022 12/08/22 Price Changed $701,000 -9.5% $327 / Sq Ft
11/22/2022 11/22/22 For Sale $775,000 0.0% $362 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $775,000 0.0% $362 / Sq Ft
09/22/2014 09/22/14 Rented $1,650 -4.3% --
09/03/2014 09/03/14 Under Contract -- -- --
08/05/2014 08/05/14 For Rent $1,725 -- --
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 $9,496 $749,088 $488,988 $260,100
2024 $9,496 $734,400 $479,400 $255,000
2023 $6,873 $513,135 $284,456 $228,679
2022 $6,548 $503,075 $278,879 $224,196
2021 $6,467 $493,211 $273,411 $219,800
2020 $6,516 $488,155 $270,608 $217,547
2019 $5,597 $420,882 $212,090 $208,792
2018 $5,439 $412,631 $207,932 $204,699
2016 $5,189 $396,609 $199,858 $196,751
2015 $5,106 $390,652 $196,856 $193,796
2014 -- $383,000 $193,000 $190,000
Source: Public Records

Agents Affiliated with this Home

  • Jessica Nieto

    Seller's Agent in 2023

    Jessica Nieto

    eXp Realty of California Inc

    (562) 714-2176

    2 in this area

    757 Total Sales

    Jessica Nieto
    Section Image
  • Brian Brooke

    Seller Co-Listing Agent in 2023

    Brian Brooke

    eXp Realty of California Inc

    (619) 992-7299

    2 in this area

    566 Total Sales

    Brian Brooke
    Section Image

  • M

    Buyer's Agent in 2023

    Monica Saucedo

    Global PNC Real Estate

    (323) 867-0913

    1 in this area

    2 Total Sales

    Monica Saucedo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22221128

California Regional Multiple Listing Service (CRMLS)

APN: 6206-025-005

California Los Angeles County South Gate 90280

9428 Madison Ave, South Gate, CA

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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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