NOT LISTED FOR SALE

10054 Washington St Bellflower, CA 90706

Estimated Value: $1,376,000 - $1,644,560

9 Beds
5 Baths
3,489 Sq Ft
$438/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $1,260,000 $361 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,615/month

19 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Granite Countertops
  • 6 Car Garage
  • 0.4 Acre Lot
  • Neighborhood Views
  • Wood Fence

About This Home

As of December 2020

Great investment Opportunity! 3 Single Family Residences with attached 2 car garages on a very large lot, over 17,000 square feet! This property is great for a seasoned investor or a first-time investor who would like to live in one home and have the other 2 homes help pay the mortgage. All 3 homes have been remodeled and feature fresh exterior paint and throughout the years and they feature, dual pane white vinyl windows, granite countertops, tile floors, updated kitchens including dishwashers and tiled bathrooms. The front house is a 3 bedroom 1 bathroom home featuring the most recent updates, newer carpet and washer and dryer hook ups. The other 2 homes in the middle and back of the lot are 3 bedroom 2 full bathrooms and boast over 1,300 square feet of living space. The shared laundry between these two houses has income potential to add a coin laundry. Long time owner with long term tenants. Each home has separate Electric and Gas meters. There is ample parking available for tenants. Tremendous opportunity.

Last Agent to Sell the Property

Geoffrey Tackney

GMT Real Estate License #01373608 Listed on: 09/04/2020

Last Buyer's Agent

Thomas Nguyen

L.S. Gateway Realtors License #01447694

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,304

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 0.4 Acre Lot
  • No Common Walls
  • Wood Fence
  • Flag Lot
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,489 Sq Ft Home
  • Living Room with Fireplace
  • Neighborhood Views
  • Granite Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 3904
  • Assessor Parcel Number 6274033034

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,100
  • Trash Expense $450
  • New Taxes Expense $13,000
  • Operating Expense $15,150
  • Gross Income $67,020
  • Net Operating Income $52,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,304

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: BFA16000*
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6274033034
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 361.13
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Flag Lot
  • Lot Size Sq Ft: 17283.00
  • Lot Size Acres: 0.3968

Multi Family

  • Average3 Bed Area: 1300 Square Feet
  • Gross Income: 67020.00
  • Gross Scheduled Income: 67020.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 17283.0000 Square Feet
  • Net Operating Income: 52020.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 15000.00
  • Rent Control: No
  • Total Actual Rent: 67020.00
  • Total Expenses: 15150.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 5541.03
  • Tax Lot: 2
  • Tax Tract Number: 3904

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Nov 11, 2020
Sold by
Ferchert Ralph A
Bought by
Nguyen Loc Duc and Nguyen La Tuyet
Seller's Agent
Geoffrey Tackney
GMT Real Estate
Buyer's Agent
Thomas Nguyen
L.S. Gateway Realtors
List Price
$1,200,000
Sold Price
$1,260,000
Premium/Discount to List
$60,000
5%
Current Estimated Value
$1,527,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,140
Avg. Annual Appreciation
3.65%
Original Mortgage
$700,000
Outstanding Balance
$625,736
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$867,793
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nguyen Loc Duc $1,260,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Loc Duc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2020 12/08/20 Sold $1,260,000 +5.0% $361 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $1,200,000 -- $344 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $16,304 $1,363,861 $818,317 $545,544
2024 $16,304 $1,337,120 $802,272 $534,848
2023 $15,645 $1,310,903 $786,542 $524,361
2022 $15,371 $1,285,200 $771,120 $514,080
2021 $15,057 $1,260,000 $756,000 $504,000
2020 $2,866 $154,474 $36,736 $117,738
2019 $2,826 $151,446 $36,016 $115,430
2018 $2,495 $148,477 $35,310 $113,167
2016 $2,360 $142,714 $33,940 $108,774
2015 $2,317 $140,572 $33,431 $107,141
2014 $2,312 $137,820 $32,777 $105,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20184396

California Regional Multiple Listing Service (CRMLS)

APN: 6274-033-034