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8940 Otis Street

8940 Otis Street, South Gate, CA 90280
Property in South Gate
Sold Dec 26, 2014
$332,000
$311,000 by Ahl Funding
Mortgage Due Apr 01, 2050
Sold Oct 05, 2001
$172,500
$167,325 by Bank Of America
Mortgage Due Oct 01, 2031
Local assessors in South Gate, CA have categorized 8940 Otis Street as a residential type of property. The home was built in 1945 and is 79 years old. It was most recently renovated and altered in 1947. The property's lot size has been calculated to be 6,030 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8940 Otis Street has a total of 1,181 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall heating system is the primary heating source. The property was last sold in Nov 14, 2014 for $332,000. That's $281.12 per sqft. Prior to that sales transaction, the property was also sold in Aug 21, 2001 for $172,500. 8940 Otis Street was last assessed in 2023. The total value of the property was assessed at $383,510. Specifically, the land the property is located on was valued at $267,881. While improvements on the property were assessed at a total of $115,629. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $4,909. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,030
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,181
  • Building Area: 1,181
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,181
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 3722
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 3722 S 40 FT OF N 80 FT OF LOT/SEC 13

Ownership

  • Current Owner : GONZALEZ MARIA
  • Current Owner 2: GONZALEZ JOSE I
  • Previous Owner : CABRERA PEDRO A
  • Owner Before Previous Owner: INOSTROZA MANUEL N
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 536000

Zoning

  • Zoning: SGR3*

Geography

  • Assessors Map Reference: 59-C2
  • Subdivision Tract Number: 3722
  • Parcel: 6216-030-026
  • Lot: 13
  • Municipality: SOUTH /SOUTHGATE
  • Latitude: 33.952
  • Longitude: -118.196

    Address

  • Full Address: 8940 Otis St
  • Address - House Number: 8940
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: CA
  • City Name: South Gate
  • Carrier Code: C031
  • 4-Digit Zip Code: 3204
  • Zip Code: 90280

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,909
  • Tax Rate Code Area: 00-664

    Appraisal Valuation

  • Standard Deviation: 0.2212
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 689,624
  • High Value: 842,186
  • Low Value: 537,061

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $311,000
  • First Open Lien Mortgage Lender: AHL FUNDING
  • First Open Lien Mortgage Recording Date: Apr 01, 2020
  • First Open Lien Mortgage Loan Amount: $311,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,510
  • Assessed Land Value: $267,881
  • Assessed Improvements Value: $115,629

    Sales

  • Current Sale Contract Date: Nov 14, 2014
  • Current Sale Recording Date: Dec 26, 2014
  • Current Sale Transaction ID: 1016502297
  • Current Sale Price: $332,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 14-1407942
  • Previous Sale Recording Date: Oct 05, 2001
  • Previous Sale Contract Date: Aug 21, 2001
  • Previous Sale Amount: $172,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANC HOME LOANS
  • First Mortgage Transaction Date: Dec 26, 2014
  • First Mortgage Loan Amount: $325,986
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA
  • Previous Mortgage Transaction Date: Oct 05, 2001
  • Previous Mortgage Loan Amount: $167,325
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Oct 01, 2031

About South Gate



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10319 Pinehurst Avenue #D, South Gate, CA, 90280 Listing by Jack Kortz

Frequently Asked Questions

What neighborhood is 8940 Otis Street located in?
The 8940 Otis Street is a located in the neighborhood of South Gate in South Gate, South Gate.
What is the average sales price for listings in 8940 Otis Street?
The average sales price for units in 8940 Otis Street is $0 currently.

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