NOT LISTED FOR SALE

16130 Eucalyptus Ave Bellflower, CA 90706

Estimated Value: $1,222,000 - $2,145,000

6 Beds
3 Baths
5,868 Sq Ft
$268/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $3,700,000 $631 Per Sq Ft

Current estimated payment $10,253/month

91 Days on Market

About This Home

As of June 2015

We are please to present the opportunity to purchase a single-story, cottage-style apartment complex on a very large parcel of land. The owners have completed recent renovations including exterior paint, new landscaping, new parking lot, newly-built BBQ area, new A/C in every unit, among other numerous improvements. The property is 100% occupied and offers an investor the opportunity purchase a low-density apartment community in a good rental area. The large amount of open space is conducive to a healthy family atmosphere and historically high levels of occupancy.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/18/2015

Last Buyer's Agent

Paul Espinosa

Morgan Skenderian License #01942627

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.44 Acre Lot
  • 1 Common Wall
  • Density is 21-25 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 5,868 Sq Ft Home
  • Property Attached
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 7109004024

Community Details

Overview

  • 8 Buildings
  • 22 Units

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,040
  • Insurance Expense $3,848
  • Maintenance Expense $17,341
  • Other Expense $1,600
  • Trash Expense $5,625
  • Water Sewer Expense $5,625
  • New Taxes Expense $42,954
  • Gross Income $24,085
  • Net Operating Income $194,717

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.20
  • Property Attached: Yes
  • Water Sewer Expenses: 5625.00
  • Property Type: Residential Income
  • Gardener Expense: 2040.00
  • Parcel Number: 7109004024
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 630.54

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 33.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 5625.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 19118.00
  • Price Per Lot Square Foot: 193.53
  • Lot Size Acres: 0.4390

Multi Family

  • Gross Income: 24085.00
  • Gross Multiplier: 12.97
  • Gross Scheduled Income: 289020.00
  • Insurance Expense: 3848.00
  • Lot Size Area: 19118.0000 Square Feet
  • Maintenance Expense: 17341.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 194717.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 85633.00
  • Operating Expense Percent: 29.60
  • Other Expense: 1600.00
  • Other Expense Description: Ad/Admin
  • Rent Control: No
  • Total Actual Rent: 23885.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 42954.00
  • Tax Lot: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2015
Closed on
Jul 29, 2015
Sold by
Sperry Fiola Partners 3 Llc
Bought by
16130 Eucalyptus Llc
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Paul Espinosa
Morgan Skenderian
List Price
$3,750,000
Sold Price
$3,700,000
Premium/Discount to List
-$50,000
-1.33%
Current Estimated Value
$1,574,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,126,000
Avg. Annual Appreciation
-7.77%

Purchase Details

Listed on
Mar 18, 2015
Closed on
May 11, 2015
Sold by
Sperry Fiola Partners 3 Llc
Bought by
16130 Eucalyptus Llc
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Paul Espinosa
Morgan Skenderian
List Price
$3,750,000
Sold Price
$3,700,000
Premium/Discount to List
-$50,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2013
Sold by
Group X Rosemead Properties Lp
Bought by
Sperry Fiola Partners 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,965,000
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 8, 2006
Sold by
Group Vi S & P Properties Lp
Bought by
Group X Rosemead Properties Lp

Purchase Details

Closed on
Apr 6, 2005
Sold by
Nijjar Swaranjit S and Nijjar Patricia D
Bought by
Group Vi S & P Properties Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
16130 Eucalyptus Llc -- Chicago Title
16130 Eucalyptus Llc $3,700,000 Chicago Title
Sperry Fiola Partners 3 Llc $2,620,000 Orange Coast Title Co
Group X Rosemead Properties Lp -- Ticor Title Co Glendale
Group Vi S & P Properties Lp -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 16130 Eucalyptus Llc $2,520,000
Previous Owner Sperry Fiola Partners 3 Llc $1,965,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $3,700,000 -1.3% $631 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $3,750,000 -- $639 / 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 $25,246 $2,103,230 $745,142 $1,358,088
2024 $25,246 $2,061,991 $730,532 $1,331,459
2023 $24,232 $2,021,560 $716,208 $1,305,352
2022 $23,814 $1,981,922 $702,165 $1,279,757
2021 $23,329 $1,943,062 $688,398 $1,254,664
2020 $23,126 $1,923,139 $681,340 $1,241,799
2019 $22,732 $1,885,431 $667,981 $1,217,450
2018 $21,943 $1,848,463 $654,884 $1,193,579
2016 $21,044 $1,776,687 $629,455 $1,147,232
2015 $15,604 $1,292,314 $686,446 $605,868
2014 -- $1,267,000 $673,000 $594,000
Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2015

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    2 in this area

    34 Total Sales

    Doug Rodermund
    Section Image
  • Paul Espinosa

    Buyer's Agent in 2015

    Paul Espinosa

    Morgan Skenderian

    (714) 206-2688

    37 Total Sales

    Paul Espinosa
    Section Image
  • Rick Applebaum

    Buyer Co-Listing Agent in 2015

    Rick Applebaum

    Morgan Skenderian

    (949) 251-8800

    69 Total Sales

    Rick Applebaum
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15056684

California Regional Multiple Listing Service (CRMLS)

APN: 7109-004-024

California Los Angeles County Bellflower 90706

16130 Eucalyptus Ave, Bellflower, CA

Not Listed for Sale

MultiFamily

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