Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
52 Total Sales
1 in South Gate
$175,000 Price
9512 San Luis Ave South Gate, CA 90280
South Gate Area
21
Beds
10
Baths
6,305
Sq Ft
9,667
Sq Ft Lot
Highlights
- No HOA
- Wall Furnace
- Front Yard
- Level Lot
About This Home
As of January 2019Large 2 – story 10 Unit Apartment Complex with very attractive unit mix with 1 unit – 3 Bedroom/1 Bath, 9 units – 2 Bedroom/1 Bath. This is an extremely rare investment offers. Great cash flow. HUGE potential upside in Rent with all units (over 15% upside in rent. Stabilized CAP Rate is over 6.00%) All units are individually metered for electricity and gas. Assigned parking space for all units. Half of units have newer windows and tile flooring. Re-pipe main water lines with copper plumbing and upgrade central water heater to commercial grade in 2015. Conveniently located near the 710 Freeway. Several major shopping centers, Great dining, and retail stores in close proximity. Rents are currently below market with significant upside in this Non-Rent Control area.
Last Agent to Sell the Property
Coldwell Banker Envision License #01720786 Listed on: 10/15/2018
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 9,667 Sq Ft Lot
- No Common Walls
- Level Lot
- Front Yard
Interior Spaces
- 6,305 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 21 Bedrooms
- 10 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 1144
- Tax Tract Number 5280
- Assessor Parcel Number 6203013003
Community Details
Overview
- No Home Owners Association
- 10 Units
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $664
- Fuel Expense $1,906
- Gardener Expense $600
- Insurance Expense $2,930
- Maintenance Expense $5,686
- Pest Control $500
- Professional Management Expense $4,152
- Supplies Expense $1,277
- Trash Expense $2,881
- Water Sewer Expense $8,950
- New Taxes Expense $27,500
- Operating Expense $55,319
- Gross Income $155,100
- Net Operating Income $95,128
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2018
Closed on
Dec 17, 2018
Sold by
Bought by
Seller's Agent
Kevin Lee
Coldwell Banker Envision
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,230,000
Interest Rate
4.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 12, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,000
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 14, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.51%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 19, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.51%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Gate, CA
-
Christine Cheng
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
173 Total Sales
1 in South Gate
$580,000 Price
-
Mario Mariscal
Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
107 Total Sales
1 in South Gate
$805,000 Price
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
120 Total Sales
1 in South Gate
$865,000 Price
-
Luis Gallegos
Luis Gallegos
Keller Williams Pacific Estates
(562) 337-3981
35 Total Sales
1 in South Gate
$565,000 Price
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
122 Total Sales
1 in South Gate
$552,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,100,000 | Wfg Title Company | ||
| -- | Fntc | ||
| $57,000 | None Available | ||
| $950,000 | Ticor Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,462,500 | ||
| Closed | $1,230,000 | ||
| Previous Owner | $877,000 | ||
| Previous Owner | $665,000 | ||
| Previous Owner | $128,210 | ||
| Previous Owner | $70,000 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $250,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2019 01/15/19 | Sold | $2,100,000 | -4.5% | $333 / Sq Ft |
| 11/16/2018 11/16/18 | Pending | -- | -- | -- |
| 10/15/2018 10/15/18 | For Sale | $2,200,000 | -- | $349 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $30,614 | $2,342,585 | $725,085 | $1,617,500 |
| 2024 | $29,833 | $2,296,653 | $710,868 | $1,585,785 |
| 2023 | $29,314 | $2,251,622 | $696,930 | $1,554,692 |
| 2022 | $27,907 | $2,207,473 | $683,265 | $1,524,208 |
| 2021 | $27,580 | $2,164,190 | $669,868 | $1,494,322 |
| 2019 | $14,548 | $1,048,704 | $209,738 | $838,966 |
| 2018 | $14,309 | $1,028,142 | $205,626 | $822,516 |
| 2016 | $13,607 | $988,221 | $197,643 | $790,578 |
| 2015 | $13,388 | $973,378 | $194,675 | $778,703 |
| 2014 | $13,415 | $954,312 | $190,862 | $763,450 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Lee
Seller's Agent in 2019
Kevin Lee
Coldwell Banker Envision
(626) 975-2521
76 Total Sales
-
Peggy Hsiao
Seller Co-Listing Agent in 2019
Peggy Hsiao
High Ten Partners, Inc.
(626) 445-6660
10 Total Sales
-
G
Buyer's Agent in 2019
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR18250966
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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