NOT LISTED FOR SALE

10560 Bell St Stanton, CA 90680

7 Beds
7 Baths
3,938 Sq Ft
0.4 Acres

Last Sold September 08, 2022

Last sale price $1,540,000 $391 Per Sq Ft

63 Days on Market

Highlights

  • 0.4 Acre Lot
  • Laundry Room
  • Ceiling Fan
  • Cul-De-Sac
  • Landscaped
  • Turnkey

About This Home

As of September 2022

Great Investment Opportunity to obtain 4 Units, in a phenomenal Stanton location! Subject property located at 10560 Bell Street. This property is surrounded by Immaculately Maintained Newer and Large Condo Complexes. The 4-plex contains three (3) large 2 bedroom and 2 bath units and one (1) large 1 bedroom 1 bath. The location just one block to the City of Cypress, surrounded by Single Family Residences. You do not typically find apartment complexes in a great location such as this. This is a beautiful turnkey property, with great tenants who all pay rent on time! The property produces stable income and 20% upside in current rents. Property shows beautifully and most units have new flooring on the interior. Exterior is immaculate, with new lighting on building, security screen doors on all units, designer paint, beautiful landscaping, resurfaced driveways and parking lot. Convenient design for ingress and egress around property and detached garages in the back of property. Beautiful courtyard for tenants to enjoy. Great situation to obtain 8 units with residential loan, financing each 4-unit complex individually. Property can be sold separately but must close concurrently with 10550 Bell Street. Each 4-plex being offered at $1,699,000 and both properties together being offered at $3,398,000. This is a must-see property.

Last Agent to Sell the Property

Dan Owens

Owens Commerical Investments License #01809597 Listed on: 05/20/2022

Last Buyer's Agent

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Level Lot
  • Flag Lot
  • Front Yard
  • 07931264

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway Level
  • Parking Lot
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Apartment
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Asphalt
  • Stucco

Interior Spaces

  • 3,938 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 17020
  • Assessor Parcel Number 07931265
  • $1,333 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $555
  • Fuel Expense $2,293
  • Gardener Expense $900
  • Insurance Expense $1,588
  • Maintenance Expense $2,708
  • Trash Expense $1,683
  • Water Sewer Expense $2,910
  • New Taxes Expense $18,587
  • Operating Expense $31,510
  • Gross Income $87,480
  • Net Operating Income $56,256

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 2910.00
  • Zoning: R-2
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 07931265
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 391.06

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No
  • Construction Materials: Asphalt, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Asphalt, Driveway Level, Garage - Two Door, Parking Space, Unassigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1683.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 07931264
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Flag Lot, Level
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 555.00
  • Fuel Expense: 2293.00
  • Gross Income: 87480.00
  • Gross Scheduled Income: 87480.00
  • Insurance Expense: 1588.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 150.00
  • Lot Size Area: 17424.0000 Square Feet
  • Maintenance Expense: 2708.00
  • Net Operating Income: 56256.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 31510.00
  • Rent Control: No
  • Total Actual Rent: 7140.00
  • Total Expenses: 31510.00

Tax Info

  • New Taxes Expense: 18587.00
  • Tax Census Tract: 878.01
  • Tax Lot: 13
  • Tax Tract Number: 17020
  • TaxOtherAnnualAssessmentAmount: 1333.00

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $1,540,000 -5.2% $391 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
07/07/2022 07/07/22 Price Changed $1,625,000 -1.5% $413 / Sq Ft
06/21/2022 06/21/22 Price Changed $1,650,000 -1.7% $419 / Sq Ft
06/08/2022 06/08/22 Price Changed $1,678,000 -1.2% $426 / Sq Ft
06/03/2022 06/03/22 For Sale $1,699,000 0.0% $431 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,699,000 +41.6% $431 / Sq Ft
02/26/2021 02/26/21 Sold $1,199,999 0.0% $305 / Sq Ft View Prior Sale
02/08/2020 02/08/20 For Sale $1,199,900 -26.4% $305 / Sq Ft
07/07/2014 07/07/14 Sold $1,630,000 -8.3% $207 / Sq Ft View Prior Sale
05/21/2014 05/21/14 Pending -- -- --
03/22/2014 03/22/14 For Sale $1,778,000 -- $226 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22105468

California Regional Multiple Listing Service (CRMLS)

APN: 079-312-65