8401 California Ave South Gate, CA 90280

$--

-- Beds
-- Baths
7,022 Sq.Ft.

Off Market

Map preview of 8401 California Ave, South Gate, CA 90280

Property Overview: 8401 California Ave South Gate, CA has -- bedrooms, -- bathrooms, 7,022 living square feet and 11,330 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

8401 California Ave is currently an off market home in the city of South Gate. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of South Gate has a median list price of $699,000. The median price per/sqft for South Gate is $538. With those numbers in mind, if you are looking to purchase a median priced home in South Gate, CA and put 20% down you will need to save up $139,800 for the down payment and will need roughly $13,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in South Gate the commission could be as much as $32,750. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 8401 California Ave

Last sold on June 25th, 2019

September, 2023
Sep 26, 2023

Date

Expired

CRMLS: PW23063920

$5,100,000

Price
Apr 17, 2023

Date

Active

CRMLS: PW23063920

$5,100,000

Price
Listing provided courtesy of CRMLS

Combined sale of 8401 and 8185 California Avenue and 3473 Liberty Boulevard in South Gate, California. The offering consists of 21 multifamily and two retail units on three parcels, two of which are adjacent and the other is across the street. This is an excellent opportunity to acquire an asset with a diverse unit mix in a strong rental market with low vacancy and the potential to capture 40 percent rental upside. Furthermore, one of the retail spaces may be converted to an apartment unit. The properties comprise seven buildings with a mix of nine one-bedroom units, 10 two-bedroom units, two three-bedroom units, and two retail spaces. The units are separately metered for gas and electricity, and the properties also offer 15 garage spaces and an additional new surface parking space. Recent improvements include a brand new roof (2023) on the duplex at 3473 Liberty Boulevard, new HVAC equipment ($23,500), new concrete steps, and interior upgrades for select units. 3473 Liberty Boulevard may be acquired separately; separate asking price for 3473 Liberty Boulevard is $600,000.

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June, 2019
Jun 25, 2019

Date

Sold (Public Records)

Public Records

--

Price
April, 2019
Apr 8, 2019

Date

Sold

CRMLS: PW19034623

$1,800,000

Price
Mar 1, 2019

Date

Pending

CRMLS: PW19034623

$1,800,000

Price
Feb 14, 2019

Date

Active

CRMLS: PW19034623

$1,800,000

Price
Listing provided courtesy of CRMLS

8401 California Avenue, a mixed-use investment property in South Gate, California that offers 10 apartment units and one retail space. The property receives excellent exposure at the signalized corner of Liberty Boulevard and California Avenue and is located within easy walking distance of a grocery store. This area is a solid majority-renter market with consistently low vacancy rates. 8401 California Avenue consists of two buildings with a total of six one-bed/one-bath units, three two-bed/one-bath units, one three-bed/two-bath unit, and one retail space. The units are separately metered for gas and electricity, and the property also offers eight single-car garages. This offering presents an excellent opportunity for an investor to capture huge potential upside in a solid rental market. 8401 California Avenue is being offered as part of a portfolio along with 8185 California Avenue, a 10-unit mixed-use property located across the street, and 3473 Liberty Boulevard, a duplex also located across the street. The properties may be acquired separately or together. For more information, please contact the listing agents. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

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April, 2019
Apr 5, 2019

Date

Sold (Public Records)

Public Records

$1,800,000

Price

Tax History for 8401 California Ave

Assessed Value (2020): $1,836,300

Year	Land Value	Improved Value	Assessed Value
2020	$1,326,000	$510,300	$1,836,300

About 8401 California Ave

Detailed summary of property

8401 California Ave is categorized with a use code of Commercial/Office/Residential (Mixed Use) in South Gate, CA 90280 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 7,022 living square feet, and sits on an approximately 11,330 square foot lot. Homes in South Gate are selling for a median price of $655,000 and a median price per square foot of $475. Local nearby listings include 1612 E 84th St, 1539 E 87th St and 10968 Anzac Ave. The average home in South Gate, CA is selling in 84 days. There are currently 42 homes for sale in the South Gate real estate market and 39 of them are single family homes while 1 of them are condos and 2 are townhomes. If you are the homeowner and looking to sell the home at 8401 California Ave South Gate, CA 90280 contact Ardent Real Estate Group and we will put you in touch with one of our South Gate agents.

Public Facts for 8401 California Ave

Public county record property details

Beds: --
Baths: --
Year built: 1946
Sq. Ft.: 7,022
Lot Size: 11,330
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 457
APN: 6215-022-025

The source for these homes facts are from public records.

90280 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$699,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$655,000

Median Sold Price/Sq.Ft.

$475

Total Inventory

Median Sale to List Price %

100.92%

Avg Days on Market

Loan Type

Conventional (8.33%), FHA (66.67%), VA (0%), Cash (0%), Other (25%)

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