NOT LISTED FOR SALE

15503 Blaine Ave Bellflower, CA 90706

Estimated Value: $1,565,000 - $2,108,000

9 Beds
5 Baths
4,533 Sq Ft
$410/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $1,305,000 $288 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $11,370/month

3 Days on Market

Highlights

  • 19,319 Sq Ft lot
  • Laundry Room
  • 4 Car Garage
  • Whole House Fan
  • Central Heating
  • 1-Story Property

About This Home

As of April 2018

The Blaine Ave. Property is comprised of 4 individual Homes on one large, 19,319 square foot lot and was constructed in 1977. A classic, open concept with a 3 bed and 2 bath home in the front, with three 2 bedroom homes in the rear. Each home has large bedrooms, generous sized bathrooms, plenty of closet space, a 2-car garage, laundry hookups, furnace, and whole house fan. Units are individually metered for gas & electric. The Property is located on a well maintained neighborhood adjacent to Washington Elementary School. This property has tremendous upside in rents, Bellflower has no-rent control. This is a unique investment and has not been on the market in the past 30 years.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 03/19/2018

Last Buyer's Agent

David Loveless

RE/MAX College Park Realty License #01316277

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.44 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Assigned Parking

Interior Spaces

  • 4,533 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Whole House Fan
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 5540
  • Assessor Parcel Number 6271032002

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Professional Management Expense $2,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $16,188
  • Operating Expense $21,288
  • Gross Income $75,300
  • Net Operating Income $56,475

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.00
  • Professional Management Expense: 2500.00
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: BFA16000*
  • Property Type: Residential Income
  • Parcel Number: 6271032002
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 287.89
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage, Garage Faces Front
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19319.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 990 Square Feet
  • Average3 Bed Area: 1563 Square Feet
  • Gross Income: 75300.00
  • Gross Multiplier: 17.20
  • Gross Scheduled Income: 75300.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 56475.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18825.00
  • Rent Control: No
  • Total Actual Rent: 6275.00
  • Total Expenses: 21288.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16188.00
  • Tax Census Tract: 5540.02
  • Tax Lot: 3
  • Tax Tract Number: 5540

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Yos Sreng and Yos Roleth
Bought by
Pengchiv And Roleth Sreng 2022 Trust and Sreng
Current Estimated Value
$1,859,974

Purchase Details

Listed on
Mar 19, 2018
Closed on
Mar 26, 2018
Sold by
Sparks Marjean N
Bought by
Yos Sreng Pengchiv and Yos Sreng Roleth
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
David Loveless
RE/MAX College Park Realty
List Price
$1,295,000
Sold Price
$1,305,000
Premium/Discount to List
$10,000
0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%

Purchase Details

Closed on
Nov 8, 2006
Sold by
Sparks Marjean N
Bought by
Sparks Marjean N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Pengchiv And Roleth Sreng 2022 Trust -- None Listed On Document
Yos Sreng Pengchiv $1,305,000 Old Republic Title
Sparks Marjean N -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sparks Marjean N $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2018 04/09/18 Sold $1,305,000 +0.8% $288 / Sq Ft
03/19/2018 03/19/18 For Sale $1,295,000 -- $286 / 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 $17,986 $1,484,860 $964,877 $519,983
2024 $17,986 $1,455,746 $945,958 $509,788
2023 $17,267 $1,427,203 $927,410 $499,793
2022 $16,967 $1,399,220 $909,226 $489,994
2021 $16,618 $1,371,786 $891,399 $480,387
2020 $16,474 $1,357,721 $882,259 $475,462
2019 $16,192 $1,331,100 $864,960 $466,140
2018 $7,019 $535,540 $178,510 $357,030
2016 $6,709 $514,746 $171,579 $343,167
2015 $6,576 $507,015 $169,002 $338,013
2014 $6,510 $497,084 $165,692 $331,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18062768

California Regional Multiple Listing Service (CRMLS)

APN: 6271-032-002

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