NOT LISTED FOR SALE

10030 Rosecrans Ave Bellflower, CA 90706

Bellflower Area
5 Beds
4 Baths
51,347 Sq Ft
2.42 Acre Lot

Sale Details

Date Sold: August 1, 2016

Last sale price $11,500,000 $224 Per Sq Ft

32 Days on Market

Highlights

  • In Ground Pool
  • 2.43 Acre Lot
  • No HOA

About This Home

As of August 2016

• Two Bedroom/Two Bath & One Bedroom/One Bath Units
• Substantial Rental Upside
• Balconies/Patios, Garages
• Pool and Jacuzzi
• Large Floor plans
• Built in 1978
• Over 2:1 Parking Ratio

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 02/25/2016

Co-Listed By

Peter Gillin

Morgan Skenderian License #01433769

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 2.42 Acre Lot
  • 1 Common Wall

Parking

  • 48 Car Garage
  • Parking Available

Home Design

  • 51,347 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 2350
  • Assessor Parcel Number 6274014026

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 3 Units

Building Details

  • 61 Separate Electric Meters
  • 61 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $4,800
  • Insurance Expense $15,404
  • Maintenance Expense $53,458
  • Other Expense $5,000
  • Pest Control $1,800
  • Pool Expense $3,600
  • Professional Management Expense $25,927
  • Trash Expense $35,147
  • Water Sewer Expense $35,147
  • New Taxes Expense $134,375
  • Gross Income $74,247
  • Net Operating Income $531,577

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

2.42 Acres

Parking

48

Listing Details

  • CapRate: 4.90
  • Professional Management Expense: 25927.00
  • Property Attached: Yes
  • Water Sewer Expenses: 35147.00
  • Property Type: Residential Income
  • Gardener Expense: 4800.00
  • Parcel Number: 6274014026
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 223.97

Exterior Features

  • Pool Expense: 3600.00
  • Pool Features: In Ground

Garage/Parking

  • Garage Spaces: 48.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 48.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 1800.00
  • Trash Expense: 35147.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 105615.00
  • Price Per Lot Square Foot: 108.89
  • Lot Size Acres: 2.4250

Multi Family

  • Gross Income: 74247.00
  • Gross Multiplier: 12.07
  • Gross Scheduled Income: 890964.00
  • Insurance Expense: 15404.00
  • Lot Size Area: 105615.0000 Square Feet
  • Maintenance Expense: 53458.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 531577.00
  • Number Of Separate Electric Meters: 61
  • Number Of Separate Gas Meters: 61
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 332658.00
  • Operating Expense Percent: 37.30
  • Other Expense: 5000.00
  • Other Expense Description: Admin
  • Other Income Description: Utility/Misc
  • Rent Control: No
  • Total Actual Rent: 70650.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 134375.00
  • Tax Lot: 3
  • Tax Tract Number: 2350

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
Feb 25, 2016
Closed on
Jun 29, 2016
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$10,750,000
Sold Price
$11,500,000
Premium/Discount to List
$750,000
6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,635,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 25, 2016
Closed on
Jun 28, 2016
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$10,750,000
Sold Price
$11,500,000
Premium/Discount to List
$750,000
6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,635,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 25, 2016
Closed on
Jun 23, 2016
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$10,750,000
Sold Price
$11,500,000
Premium/Discount to List
$750,000
6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,635,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2006
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
$5,508,000
Interest Rate
0.0612%
Mortgage Type
Construction
Source: Public Records
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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
-- First American Title Ins Co
$3,936,000 First American Title Ins Co
-- First American Title Ins Co
-- First American Title Ins Co
-- First American Title
-- First American Title Ins Co
-- None Available
-- First American Title Co La
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
Open $8,800,000
Closed $7,635,000
Previous Owner $694,000
Previous Owner $5,508,000
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
08/01/2016 08/01/16 Sold $11,500,000 +7.0% $224 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $10,750,000 -- $209 / 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 $80,592 $6,383,215 $2,901,459 $3,481,756
2024 $77,344 $6,258,055 $2,844,568 $3,413,487
2023 $65,923 $5,372,186 $3,338,324 $2,033,862
2022 $64,810 $5,266,850 $3,272,867 $1,993,983
2021 $63,467 $5,163,580 $3,208,694 $1,954,886
2019 $61,906 $5,010,427 $3,113,523 $1,896,904
2018 $58,310 $4,912,184 $3,052,474 $1,859,710
2016 $51,991 $4,373,169 $3,168,965 $1,204,204
2015 $50,923 $4,307,481 $3,121,365 $1,186,116
2014 $46,949 $3,914,000 $2,836,200 $1,077,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16039471

California Regional Multiple Listing Service (CRMLS)
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