NOT LISTED FOR SALE

16232 Cornuta Ave Bellflower, CA 90706

2 Beds
2 Baths
14,357 Sq Ft
20,212 Sq Ft

Last Sold May 31, 2013

Last sale price $2,175,000 $151 Per Sq Ft

98 Days on Market

About This Home

As of May 2013

Casa
Laguna conveniently located in the City of Bellflower,
CA, within the County of Los Angeles the
property is in close proximity to the 5, 605 and
91 Freeways. Orange County and major
employment centers are nearby. The property is
located near shopping, schools and employment
centers, making this a very high tenant demand
area.
All units are separately metered for gas and
electric and the unit mix consists of (18) 2
Bedroom/1 Bath units, and (1) Bachelor unit(non-conforming). The owner has completed a seismic retrofit with the tuck under parking
and has recently installed 3 tank less water heaters. There is a laundry room on the premises which
is highly utilized by the existing tenants.

Last Agent to Sell the Property

RAOUL AMESCUA

KELLER WILLIAMS EMPIRE ESTATES License #01273403 Listed on: 08/01/2012

Last Buyer's Agent

RAOUL AMESCUA

KELLER WILLIAMS EMPIRE ESTATES License #01273403 Listed on: 08/01/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.46 Acre Lot

Parking

  • 15 Parking Spaces

Home Design

  • 14,357 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 137
  • Tax Tract Number 5541
  • Assessor Parcel Number 7109006009

Community Details

Overview

  • 18 Units

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,219
  • Gardener Expense $700
  • Insurance Expense $5,785
  • Maintenance Expense $10,515
  • Other Expense $2,833
  • Pest Control $850
  • Professional Management Expense $12,000
  • Trash Expense $3,162
  • Water Sewer Expense $8,374
  • New Taxes Expense $23,260
  • Gross Income $18,450
  • Net Operating Income $142,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.46 Acres

Listing Details

  • CapRate: 6.50
  • Professional Management Expense: 12000.00
  • Water Sewer Expenses: 8374.00
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 7109006009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 151.49

Garage/Parking

  • Total Parking Spaces: 15.00

Utilities

  • Pest Control Expense: 850.00
  • Trash Expense: 3162.00

Lot Info

  • Lot Size Sq Ft: 20233.00
  • Lot Size Acres: 0.4640

Multi Family

  • Electric Expense: 1219.00
  • Gross Income: 18450.00
  • Gross Multiplier: 9.60
  • Gross Scheduled Income: 221400.00
  • Insurance Expense: 5785.00
  • Lot Size Area: 20233.0000 Square Feet
  • Maintenance Expense: 10515.00
  • Net Operating Income: 142015.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 74315.00
  • Other Expense: 2833.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 23260.00
  • Tax Lot: 137
  • Tax Tract Number: 5541
  • Tax Year: 2011
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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
05/31/2013 05/31/13 Sold $2,175,000 -0.5% $151 / Sq Ft
11/07/2012 11/07/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $2,186,000 -- $152 / 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 $26,746 $1,967,295 $1,016,235 $951,060
2024 $26,746 $1,928,721 $996,309 $932,412
2023 $25,760 $1,890,904 $976,774 $914,130
2022 $25,323 $1,853,828 $957,622 $896,206
2021 $24,766 $1,817,480 $938,846 $878,634
2019 $24,162 $1,767,394 $911,000 $856,394
2018 $23,312 $1,732,815 $893,138 $839,677
2016 $22,261 $1,661,857 $858,457 $803,400
2015 $21,815 $1,636,896 $845,563 $791,333
2014 $21,596 $1,604,832 $829,000 $775,832
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12096233

California Regional Multiple Listing Service (CRMLS)
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