9616 San Juan Ave South Gate, CA 90280
8
Beds
4
Baths
3,096
Sq Ft
7,243
Sq Ft Lot
About This Home
As of September 2024We are pleased to exclusively offer for sale this 4-Unit multi-family investment property in the city of South Gate.
The subject property offers one charming 2-bed/1-bath detached cottage, complemented by three additional 2-bed/1-bath units, collectively offering 3,096 square feet of rental space on a generous 7,243 square foot lot. Each unit is thoughtfully designed to maximize space and comfort, ensuring a pleasant living environment for tenants. The property boasts ample onsite parking, including both garage and carport options, addressing a crucial need for urban living, and adding considerable value for tenants. Each unit is separately metered for electricity and gas while the owner pays for water and trash. This arrangement not only limits the investor’s utility costs, but also encourages conservation among tenants, enhancing the property's appeal. An additional highlight is the onsite laundry room, and although currently closed, presents a lucrative opportunity for added income for the next investor. The property stands out with a remarkable 40% upside in rental rates, signaling great potential for growth in rental income.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 02/19/2024
Last Buyer's Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 02/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,440
Year Built
- Built in 1962
Lot Details
- 7,243 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Open Parking Spaces
- 3 Car Garage
- 1 Carport Space
Home Design
- Apartment
Interior Spaces
- 3,096 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 1018
- Tax Tract Number 5280
- Assessor Parcel Number 6203014014
- $1,181 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,500
- Maintenance Expense $3,000
- Trash Expense $1,800
- Water Sewer Expense $1,800
- New Taxes Expense $12,587
- Operating Expense $22,687
- Gross Income $68,484
- Net Operating Income $43,743
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2024
Closed on
Sep 9, 2024
Sold by
Giovanni J Samayoa Family 2002 Trust and Samayoa Giovanni J
Bought by
Greyade Llc
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,095,000
Sold Price
$1,045,000
Premium/Discount to List
-$50,000
-4.57%
Views
1345
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,213
Avg. Annual Appreciation
3.41%
Original Mortgage
$783,750
Outstanding Balance
$776,802
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$302,411
Purchase Details
Listed on
Jun 26, 2020
Closed on
Jul 8, 2020
Sold by
Magana Martha and The Martinez Family Trust
Bought by
Samayoa Giovanni J and Giovanni I Samayoa Family 2002
Seller's Agent
Ryan Byrne
RE/MAX Fine Homes
Buyer's Agent
Erica Moreno
Century 21 Allstars
List Price
$549,999
Sold Price
$756,000
Premium/Discount to List
$206,001
37.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Purchase Details
Closed on
Feb 4, 2019
Sold by
Martinez Jesse G and Martinez Consuelo S
Bought by
Martinez Jesse G and Martinez Consuelo S
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,045,000 | Fidelity National Title | |
| Grant Deed | $756,000 | Wfg National Title Co Of Ca | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $783,750 | New Conventional | |
| Previous Owner | $400,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $1,045,000 | -4.6% | $338 / Sq Ft |
| 06/21/2024 06/21/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | For Sale | $1,095,000 | +4.8% | $354 / Sq Ft |
| 04/08/2024 04/08/24 | Off Market | $1,045,000 | -- | -- |
| 02/19/2024 02/19/24 | For Sale | $1,095,000 | +44.8% | $354 / Sq Ft |
| 07/22/2020 07/22/20 | Sold | $756,000 | +37.5% | $244 / Sq Ft |
| 07/01/2020 07/01/20 | Pending | -- | -- | -- |
| 06/26/2020 06/26/20 | For Sale | $549,999 | -- | $178 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,440 | $1,045,000 | $500,000 | $545,000 |
| 2024 | $13,440 | $1,032,553 | $412,809 | $619,744 |
| 2023 | $13,206 | $1,012,308 | $404,715 | $607,593 |
| 2022 | $12,572 | $992,460 | $396,780 | $595,680 |
| 2021 | $12,422 | $973,000 | $389,000 | $584,000 |
| 2020 | $2,624 | $126,702 | $50,674 | $76,028 |
| 2019 | $2,547 | $124,219 | $49,681 | $74,538 |
| 2018 | $2,377 | $121,784 | $48,707 | $73,077 |
| 2016 | $2,239 | $117,057 | $46,816 | $70,241 |
| 2015 | $2,204 | $115,299 | $46,113 | $69,186 |
| 2014 | $2,221 | $113,041 | $45,210 | $67,831 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
2 in this area
119 Total Sales
-
R
Seller's Agent in 2020
Ryan Byrne
RE/MAX
-
Erica Moreno
Buyer's Agent in 2020
Erica Moreno
Century 21 Allstars
(323) 697-1530
2 in this area
69 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24034760
APN: 6203-014-014
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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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