NOT LISTED FOR SALE

15116 Clark Ave Bellflower, CA 90706

Estimated Value: $1,062,035

4 Beds
6 Baths
2,662 Sq Ft
$399/Sq Ft Est. Value

Sale Details

Date Sold: October 14, 2015

Last sale price $622,000 $234 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $6,436 / mo

12 Days on Market

About This Home

As of October 2015

MOTIVATED SELLER - BRING OFFERS - UPSIDE IN RENTS - 100% LEASED - NO RENT CONTROL. Located in the nice part of the City of Bellflower, this Mixed Use Building is perfect for your Investors and/or Owner Users. The buildings include (1) Commercial units with two addresses and can be divided into (2) Commercial units. There are (4) Residential units located behind the Commercial unit with off street parking. Excellent Residential unit mixed with (1) 2BD/1BTH, (2) 1BD/1BTH and (1) Studio. Each unit is separately metered for gas and electricity. Each unit has an off street parking space. Keep you expenses low, there is no landscaping. This is a quiet neighborhood. Call agent for additional information and to show.

Last Agent to Sell the Property

Cynthia Burts

Burts & Associates License #01134271 Listed on: 07/29/2015

Last Buyer's Agent

Michele Steggell

Allianz Capital Group, Inc. License #01780609

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,012 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 2,662 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • 5 Carport Spaces

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11604
  • Assessor Parcel Number 6271027002

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $350
  • Insurance Expense $1,730
  • Maintenance Expense $3,500
  • Pest Control $125
  • Professional Management Expense $1,443
  • Trash Expense $1,350
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,044
  • Gross Income $4,650
  • Net Operating Income $36,018

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

6,012 Sq Ft Lot

Listing Details

  • CapRate: 5.73
  • Professional Management Expense: 1443.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 6271027002
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 233.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Pest Control Expense: 125.00
  • Trash Expense: 1350.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Level, Rectangular Lot, Level with Street, No Landscaping, Paved, Near Public Transit
  • Lot Size Sq Ft: 6012.00
  • Price Per Lot Square Foot: 103.46
  • Lot Size Acres: 0.1380

Multi Family

  • Electric Expense: 350.00
  • Gross Income: 4650.00
  • Gross Multiplier: 11.27
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 1730.00
  • Lot Size Area: 6012.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 36018.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 16992.00
  • Rent Control: No
  • Total Actual Rent: 4650.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7044.00
  • Tax Lot: 2
  • Tax Tract Number: 11604

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2015
Closed on
Aug 24, 2015
Sold by
Ceja Alberto and Ceja Elvia
Bought by
Nguyen Tuan and Ohana Nguyen Tracie
Seller's Agent
Cynthia Burts
Burts & Associates
Buyer's Agent
Michele Steggell
Allianz Capital Group, Inc.
List Price
$629,000
Sold Price
$622,000
Premium/Discount to List
-$7,000
-1.11%
Current Estimated Value
$1,062,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,035
Avg. Annual Appreciation
5.21%
Original Mortgage
$255,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2012
Sold by
Padilla Jose B
Bought by
Ceja Alberto and Ceja Elvia

Purchase Details

Closed on
Apr 20, 2009
Sold by
Ceja Alberto and Ceja Elvia
Bought by
Padilla Jose B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
4.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 6, 2005
Sold by
Ceja Alberto and Ceja Elvia
Bought by
Ceja Alberto and Ceja Elvia

Purchase Details

Closed on
Mar 23, 2004
Sold by
Ceja Alberto and Ceja Elvia
Bought by
Ceja Alberto and Ceja Elvia

Purchase Details

Closed on
Nov 11, 2003
Sold by
Chen Fon Ru and Chen Chetsi
Bought by
Ceja Alberto and Ceja Elvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
6%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Tuan $622,000 Old Republic Title Company
Ceja Alberto -- None Available
Padilla Jose B -- Lawyers Title
Ceja Alberto -- --
Ceja Alberto -- --
Ceja Alberto $395,000 Ort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Tuan $255,000
Previous Owner Padilla Jose B $178,000
Previous Owner Ceja Alberto $296,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2015 10/14/15 Sold $622,000 -1.1% $234 / Sq Ft
08/10/2015 08/10/15 Pending -- -- --
07/29/2015 07/29/15 For Sale $629,000 +14.4% $236 / Sq Ft
09/13/2012 09/13/12 Sold $550,000 -21.4% $207 / Sq Ft View Prior Sale
07/13/2012 07/13/12 Pending -- -- --
06/18/2012 06/18/12 For Sale $700,000 -- $263 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,660 $736,313 $414,325 $321,988
2024 $9,660 $721,876 $406,201 $315,675
2023 $9,287 $707,723 $398,237 $309,486
2022 $9,120 $693,847 $390,429 $303,418
2021 $8,929 $680,243 $382,774 $297,469
2020 $8,855 $673,269 $378,850 $294,419
2019 $8,700 $660,069 $371,422 $288,647
2018 $8,402 $647,128 $364,140 $282,988
2017 $8,233 $634,440 $357,000 $277,440
2016 $8,056 $622,000 $350,000 $272,000
2015 $4,990 $348,017 $235,147 $112,870
2014 $4,915 $341,201 $230,541 $110,660
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15168320

California Regional Multiple Listing Service (CRMLS)

APN: 6271-027-002

Your Personal Tour Guide

Ask me questions while you tour the home.