We are pleased to exclusively offer for sale this 4-Unit Multi-family investment property in the City of South Gate. This property features four 2 bedrooms-1 bath units. Each unit is separately metered for electricity and gas while the owner pays for water and trash. Collectively offering 3,016 square feet of rental space a 3861 square foot lot. Located near local parks and recreations nearby, accessibility to bus transportation and schools at walking distance, near the City Hall, and to the beautiful Azalea Regional Shopping Center. This property is an excellent long term investment.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1959
Stories: 2
Living Area: 3,016 SqFt
Listing Office:
Office Name: RE/MAX TIME REALTY
Office Phone: (909) 373-0880
Listing Agent: Astrid Estrada
Interior Features
Interior Information:
Appliances: Water Heater
Flooring Type: Carpet, Laminate, Tile
Interior: Furnished, Laminate Counters
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: No
View: Neighborhood
Parking Information:
Parking: Detached Carport
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Other
Directions Information:
Directions: Use Firestone Blvd. Turn left onto Alexander Ave. then turn right onto Southern Ave. turn right onto Virginia Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $1,199,999
Price Per SqFt: $398/SqFt
Tax Information:
Annual Amount: $5,270
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in South Gate, CA.
This property is $529.9K more than the Median Sold Price and $128/SqFt less than other homes in South Gate, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV24100596
Listing Office:
Office Name: RE/MAX TIME REALTY
Office Phone: (909) 373-0880
Listing Agent: Astrid Estrada
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 10:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 23, 1999
Sep 23, 1999Home Sold
$259,000
Jan 27, 1995
Jan 27, 1995Home Sold
$240,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,270
$367,741
2020
$5,108
$363,972
2019
$4,993
$356,836
2018
$4,891
$349,840
2017
$4,891
$342,981
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
San Gabriel Avenue Elementary
8628 San Gabriel Ave
Distance between this listing and this school0.38 miles
Public District Grades KG-5
5
/10
Independence Elementary & Magent School
8435 Victoria Ave
Distance between this listing and this school0.42 miles
Public District Grades KG-5
6
/10
Victoria Avenue Elementary
3320 Missouri Ave
Distance between this listing and this school0.51 miles
Public District Grades KG-5
Nearby Schools
3
/10
Valiente College Preparatory Charter
8691 CA Ave
Distance between this listing and this school0.11 miles
Public Charter Grades 4-8
5
/10
South Gate Middle School
4100 Firestone Blvd
Distance between this listing and this school0.59 miles
Public District Grades 6-8
5
/10
Kipp Corazon Academy
9325 Long Beach Blvd
Distance between this listing and this school0.62 miles
Public Charter Grades KG-8
Nearby Schools
4
/10
South Gate High School
3351 Firestone Blvd
Distance between this listing and this school0.16 miles
Public District Grades 9-12
2
/10
Odyssey Continuation
8693 Dearborn Ave
Distance between this listing and this school0.22 miles
Public District Grades 9-12
4
/10
South East High School
2720 Tweedy Blvd
Distance between this listing and this school1.03 miles
The neighbors living near this home have an average income of $32,024. The majority of South Gate, CA residents have income less than $35k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.
This home is located at 8927 Virginia Ave in South Gate, CA and zip code 90280 in the The Southeast neighborhood. This 3,016 square foot home, which was built in 1959, sits on a 0.09 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $1,199,999.
While more than 10 listings in South Gate, CA in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 1 were sold below. The inventory of homes for sale in South Gate, CA between September 2024 and October 2024 decreased by 8.9%. The median list price of listings available in October 2024 was $670,000, while the average time on the real estate market was 13 days.
From Rocket Homes Real Estate and based on county public records data.