Diana & Jason Jones

Diana & Jason Jones

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Active

$699,999

($146,313 down)
FHA

8912 Elizabeth Avenue, South Gate, CA 90280

2
1
888 sqft
PITI Monthly
$4,412.92 /mo

Listing courtesy of: Anabella Jimenez, Century 21 Realty Masters

Assumed Rate

4.98%
7.15%

Principal & Interest

$3,106 /mo
$3,917 /mo

What's Special

LOCATION
DINING
SPACIOUS
MODERN
GRANITE COUNTERTOPS
CHARMING
COZY
RENTAL INCOME

*****APPROVED plans to expand into a stunning triplex totaling 2,714 sq ft. Welcome to 8912 Elizabeth Avenue—a rare opportunity offering endless potential in one of South Gate’s most sought-after locations. Situated just off Firestone Boulevard, this charming single-family home sits on a generous lot and comes with *****APPROVED plans to expand into a stunning triplex totaling 2,714 sq ft***** Currently, the property features a cozy 2-bedroom, 1-bathroom home offering 888 sq ft of updated living space. Inside, you’ll find a welcoming living room with modern flooring, a bright dining area, and an upgraded kitchen with granite countertops and stylish cabinetry. The bathroom includes a tiled walk-in shower, updated vanity, and neutral finishes. Featuring: Spacious gated front yard with artificial turf and outdoor lounge area, Extended driveway with ample parking and detached garage, Large backyard with mature fruit trees and space for future construction, Approved development plans for a triplex—an incredible value add! Whether you’re an investor seeking strong rental income or a developer ready to build, this property offers an exceptional upside. With the approved plans, the future layout allows for three separate units, making it an ideal multi-generational living setup or income-producing asset in a high-demand rental market. Don’t miss your chance to invest in a growing neighborhood with strong demand and plenty of promise!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.98
Remaining Loan Term
27 years, 1 months
Monthly PITI
$4,412.92/mo
Estimated Loan Balance
$554,491
Cash to close
$146,313
Interest Paid
$82,433

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Traditional
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1940
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: South Gate

Financial Details

  • Price per Sqft: $788.29
  • Tax Annual Amount: $8749.99
  • On Market Date: 2025-05-07T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $146,313 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $146,313!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$553,686
Your Cash$146,313
Total Purchase Price:$699,999

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$3,106/mo
Traditional @ 7.15%
$4,063/mo
You save $957/month ($11,482/year)

*Secondary financing rates are an estimated value based on input

MLS ID: DW25085151

Listing From:

Last updated: 2025-05-08T13:44:02.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.98%
7.15%

Principal & Interest

$3,106 /mo
$3,917 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $146,313 (21%)
You can enter any amount below - secondary financing will cover the difference if needed.
21%
$

You cover the entire equity of $146,313!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$553,686
Your Cash$146,313
Total Purchase Price:$699,999

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$3,106/mo
Traditional @ 7.15%
$4,063/mo
You save $957/month ($11,482/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Coldwell Banker Realty
Agent/Broker
Diana & Jason JonesColdwell Banker Realty(602) 790-0734diana.jones@cbrealty.comMLS SA711064000

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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