NOT LISTED FOR SALE

16137 Eucalyptus Ave Bellflower, CA 90706

4 Beds
2 Baths
24,332 Sq Ft
0.94 Acres

Last Sold June 01, 2015

Last sale price $2,600,000 $107 Per Sq Ft

2 Days on Market

Highlights

  • No Units Above
  • 0.94 Acre Lot
  • Two Story Ceilings
  • Custom Home
  • Open Floorplan
  • Loft

About This Home

As of June 2015

Custom-built, 20 unit apartment complex in the heart of Bellflower, close to downtown, schools, shopping and transportation. This is an excellent location with high demand for larger apartments. The property consists of (12) 3 bedroom units, and (8) 1 bedroom units, all with one bathroom. Built in 1962, this is truly a unique building with tremendous upside potential on both rental income and appreciation. The units are large, each having an open floorplan, with all bedrooms upstairs and a private outdoor patio. There is additional space to create a second parking slot for each of the 1 bedroom units, and an amazing storage room that could be separated into 15-20 individual storage lockers for the tenants; thus, providing "on-site" storage for an additional fee. The building has very long-term tenants and rents are below current market values.

Last Agent to Sell the Property

Shane Smith

Orange County Realty & Mortgage License #01068377 Listed on: 02/12/2014

Last Buyer's Agent

Carlos Vigon

CBRE Inc. License #00976287

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.94 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in average condition
  • Density is 16-20 Units/Acre

Home Design

  • Custom Home
  • Property Attached
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 24,332 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Two Story Ceilings
  • Loft
  • Carpet
  • Termite Clearance
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Parking

  • 32 Parking Spaces
  • Carport
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 84
  • Tax Tract Number 5541
  • Assessor Parcel Number 7109002002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 20 Units

Building Details

  • 20 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $11,250
  • Maintenance Expense $4,500
  • Professional Management Expense $100
  • Trash Expense $4,200
  • Water Sewer Expense $9,600
  • New Taxes Expense $34,800
  • Gross Income $18,520
  • Net Operating Income $160,690

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 100.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9600.00
  • Architectural Style: Custom Built
  • Property Condition: Repairs Cosmetic, Termite Clearance
  • Property Type: Residential Income
  • Parcel Number: 7109002002
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: High Ceilings, Open Floorplan, Two Story Ceilings
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 106.86
  • Room Type: All Bedrooms Up, Loft

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition, Block, Wood
  • Builder Name: on file
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Glass, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 32.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 4200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 40794.00
  • Lot Size Acres: 0.9370

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 18520.00
  • Gross Scheduled Income: 222240.00
  • Insurance Expense: 11250.00
  • Lot Size Area: 40794.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 160690.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 61550.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 34800.00
  • Tax Area: 2267
  • Tax Lot: 84
  • Tax Tract Number: 5541
  • Tax Year: 2012

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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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
06/01/2015 06/01/15 Sold $2,600,000 -17.5% $107 / Sq Ft
02/14/2014 02/14/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $3,150,000 -- $129 / 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 $41,888 $3,167,164 $1,249,920 $1,917,244
2024 $41,888 $3,105,063 $1,225,412 $1,879,651
2023 $40,323 $3,044,181 $1,201,385 $1,842,796
2022 $39,643 $2,984,492 $1,177,829 $1,806,663
2021 $39,114 $2,925,974 $1,154,735 $1,771,239
2019 $38,164 $2,847,290 $1,120,486 $1,726,804
2018 $36,632 $2,791,620 $1,098,516 $1,693,104
2016 $34,556 $2,639,650 $1,055,860 $1,583,790
2015 $12,133 $641,554 $125,439 $516,115
2014 $12,119 $628,988 $122,982 $506,006
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Shane Smith

    Orange County Realty & Mortgage

    Section Image

  • C

    Buyer's Agent in 2015

    Carlos Vigon

    CBRE Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14030235

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Bellflower 90706

16137 Eucalyptus Ave, Bellflower, CA

Not Listed for Sale

MultiFamily

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