NOT LISTED FOR SALE

9720 Madison Ave Unit C South Gate, CA 90280

South Gate Area

Estimated Value: $1,027,000 - $1,151,439

3 Beds
3 Baths
2,815 Sq Ft
$387/Sq Ft Est. Value

Sale Details

Date Sold: February 9, 2017

Last sale price $692,500 $246 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,823 / mo

154 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Accessible Parking
  • Open Floorplan
  • Cooling System Mounted To A Wall/Window
  • Central Heating

About This Home

As of February 2017

Great 5 unit apartment complex in South Gate. There are 2 one bedroom, one bath units; 2 studio units and 1 two bedroom one bath unit. There are also 3 garages as well as a long driveway for tenant parking. This apartment complex is walking distance to the local Elementary school and just minutes away from the newly built South Gate Mall and Shopping Centers.

Last Agent to Sell the Property

Alex Horowitz

Coldwell Banker Diamond License #00983521 Listed on: 08/26/2016

Coldwell Banker Diamond

Last Buyer's Agent

Alex Horowitz

Coldwell Banker Diamond License #00983521 Listed on: 08/26/2016

Coldwell Banker Diamond

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,668 Sq Ft Lot
  • Property fronts a highway
  • Two or More Common Walls
  • Level Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Shared Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Stone Siding

Interior Spaces

  • 2,815 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Family Room
  • Carpet
  • City Lights Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 2794
  • Assessor Parcel Number 6206027004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $662
  • Gardener Expense $1,320
  • Insurance Expense $2,208
  • Other Expense $1,000
  • Trash Expense $2,052
  • Water Sewer Expense $3,272
  • Operating Expense $11,941
  • Gross Income $4,965
  • Net Operating Income $4,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

7,668 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street, Highway
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3272.00
  • Zoning: SGR3*
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 6206027004
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Laminate Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 246.00
  • Room Type: Family Room

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stone

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Asphalt, Driveway, Garage, Garage - Single Door, Shared Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop
  • Heating Type: Central
  • Trash Expense: 2052.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Level, Lot 6500-9999
  • Lot Size Sq Ft: 7668.00
  • Price Per Lot Square Foot: 97.81

Multi Family

  • Electric Expense: 662.00
  • Gross Income: 4965.00
  • Gross Scheduled Income: 4965.00
  • Insurance Expense: 2208.00
  • Net Operating Income: 4050.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 5
  • Operating Expense: 915.00
  • Other Expense: 1000.00
  • Rent Control: No
  • Total Expenses: 11941.00

Tax Info

  • Tax Lot: 26
  • Tax Tract Number: 2794

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
Aug 26, 2016
Closed on
Jan 26, 2017
Sold by
Bought by
Seller's Agent
Alex Horowitz
Coldwell Banker Diamond
Buyer's Agent
Alex Horowitz
Coldwell Banker Diamond
List Price
$700,000
Sold Price
$692,500
Premium/Discount to List
-$7,500
-1.07%
Current Estimated Value
$1,089,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,720
Avg. Annual Appreciation
4.93%

Purchase Details

Closed on
Apr 28, 2015
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2004
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
$265,000
Interest Rate
0.0565%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2003
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$692,500 Orange Coast Title
-- None Available
-- None Available
-- None Available
$443,181 Fidelity Long Beach
-- Fidelity National Title Co L
$370,000 Fidelity National Title Co
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
Previous Owner $25,000
Previous Owner $265,000
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
02/09/2017 02/09/17 Sold $692,500 -1.1% $246 / Sq Ft
01/27/2017 01/27/17 Pending -- -- --
12/15/2016 12/15/16 For Sale $700,000 0.0% $249 / Sq Ft
11/17/2016 11/17/16 Pending -- -- --
09/29/2016 09/29/16 Price Changed $700,000 -6.7% $249 / Sq Ft
08/26/2016 08/26/16 For Sale $750,000 -- $266 / 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 $11,281 $803,700 $208,902 $594,798
2024 $10,987 $787,942 $204,806 $583,136
2023 $10,805 $772,493 $200,791 $571,702
2022 $10,315 $757,347 $196,854 $560,493
2021 $10,194 $742,498 $192,995 $549,503
2019 $9,884 $720,477 $187,272 $533,205
2018 $9,676 $706,350 $183,600 $522,750
2016 $8,521 $620,000 $320,000 $300,000
2015 $7,444 $530,000 $280,000 $250,000
2014 -- $479,000 $240,000 $239,000
Source: Public Records

Agents Affiliated with this Home

  • Alex Horowitz

    Seller's Agent in 2017

    Alex Horowitz

    Coldwell Banker Diamond

    (714) 612-0116

    195 Total Sales

    Alex Horowitz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16188495

California Regional Multiple Listing Service (CRMLS)

APN: 6206-027-004

California Los Angeles County South Gate 90280

9720 Madison Ave Unit C, South Gate, CA

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.

California Regional Multiple Listing Service (CRMLS) 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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