NOT LISTED FOR SALE

16228 Eucalyptus Ave Bellflower, CA 90706

Estimated Value: $1,371,465 - $1,639,000

2 Beds
1 Bath
4,160 Sq Ft
$362/Sq Ft Est. Value

Last Sold September 19, 2014

Last sale price $737,000 $177 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $8,792/month

44 Days on Market

About This Home

As of September 2014

Don't let this 5 unit deal past you by. Property is in need of repairs but great potential, located in a very desirable rental area of Bellflower. Rents are very low due to long term tenants.

Last Agent to Sell the Property

ART CASAS

Quality Homes & Loans, Inc. License #01379336 Listed on: 08/06/2014

Last Buyer's Agent

ART CASAS

Quality Homes & Loans, Inc. License #01379336 Listed on: 08/06/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,160 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 111
  • Tax Tract Number 100
  • Assessor Parcel Number 7109003001

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Trash Expense $2,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $11,562
  • Gross Income $4,850
  • Net Operating Income $4,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Parcel Number: 7109003001
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 177.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 20178.00
  • Lot Size Acres: 0.4630

Multi Family

  • Gross Income: 4850.00
  • Gross Scheduled Income: 4850.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 20178.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 4400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 450.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11562.00
  • Tax Lot: 111
  • Tax Tract Number: 100
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2016
Sold by
Palomo Dora
Bought by
Luna Hugo Palomo and Hugo Palomo Luna Living Trust
Current Estimated Value
$1,505,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Outstanding Balance
$546,132
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$959,101

Purchase Details

Closed on
May 8, 2015
Sold by
Luna Hugo Palomo and Palomo Hugo
Bought by
Luna Hugo Palomo and Hugo Palomo Luna Living Trust

Purchase Details

Listed on
Aug 6, 2014
Closed on
Sep 2, 2014
Sold by
Atrian Enio and Casas Idalia Ruby
Bought by
Palomo Hugo
Seller's Agent
ART CASAS
Quality Homes & Loans, Inc.
Buyer's Agent
ART CASAS
Quality Homes & Loans, Inc.
List Price
$925,000
Sold Price
$737,000
Premium/Discount to List
-$188,000
-20.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$500,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2012
Sold by
Atrian Enio
Bought by
Atrian Enio and Casas Idalia Ruby

Purchase Details

Closed on
Aug 3, 2007
Sold by
Hernandez Luz
Bought by
Atrian Enio

Purchase Details

Closed on
May 2, 2005
Sold by
Hernandez Luz and Galvan Cirilo
Bought by
Hernandez Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2000
Sold by
Guzman Oscar
Bought by
Hernandez Luz

Purchase Details

Closed on
May 18, 1998
Sold by
Rodriguez Pedro
Bought by
Hernandez Luz and Galvan Cirilo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,615
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 1997
Sold by
Fidelity Federal Bank Fsb
Bought by
Rodriguez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 1997
Sold by
Donato Jose and Donato Carmen
Bought by
Fidelity Federal Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Luna Hugo Palomo -- Chicago Title Company
Luna Hugo Palomo -- None Available
Palomo Hugo $737,000 Fidelity National Title
Atrian Enio -- None Available
Atrian Enio -- Accommodation
Hernandez Luz -- Chicago Title Co
Hernandez Luz -- --
Hernandez Luz $330,000 Benefit Land Title Company
Rodriguez Pedro $205,000 North American Title Co
Fidelity Federal Bank Fsb $184,800 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luna Hugo Palomo $690,000
Closed Palomo Hugo $500,000
Previous Owner Hernandez Luz $190,000
Previous Owner Hernandez Luz $314,615
Previous Owner Rodriguez Pedro $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2014 09/19/14 Sold $737,000 -20.3% $177 / Sq Ft
09/19/2014 09/19/14 Pending -- -- --
08/06/2014 08/06/14 For Sale $925,000 -- $222 / 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 $11,985 $885,754 $618,950 $266,804
2024 $11,985 $868,387 $606,814 $261,573
2023 $11,548 $851,361 $594,916 $256,445
2022 $11,357 $834,668 $583,251 $251,417
2021 $11,125 $818,303 $571,815 $246,488
2020 $11,035 $809,913 $565,952 $243,961
2019 $10,860 $794,033 $554,855 $239,178
2018 $10,260 $778,465 $543,976 $234,489
2016 $9,808 $748,238 $522,853 $225,385
2015 $9,616 $737,000 $515,000 $222,000
2014 -- $757,586 $562,338 $195,248
Source: Public Records

Agents Affiliated with this Home

  • ART CASAS

    Seller's Agent in 2014

    ART CASAS

    Quality Homes & Loans, Inc.

    (562) 572-8293

    117 Total Sales

    ART CASAS
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14167408

California Regional Multiple Listing Service (CRMLS)

APN: 7109-003-001

California Los Angeles County Bellflower 90706

16228 Eucalyptus Ave, Bellflower, CA

Not Listed for Sale

MultiFamily

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