NOT LISTED FOR SALE

16443 Woodruff Ave Bellflower, CA 90706

Bellflower Area
18 Beds
11 Baths
9,564 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: February 1, 2012

Last sale price $1,100,000 $115 Per Sq Ft

23 Days on Market

Highlights

  • 0.44 Acre Lot
  • Central Heating
  • Wood Siding

About This Home

As of February 2012

This investment property is a nice looking building in a great location. There is a large 3 bedroom 2.5 bath home with double garage on back of the lot. Then there are 7 - 2 bedroom 1.5 bath Townhouse style units, 1 - 1 bedroom / 1 bath unit plus a non-conforming Studio, there are 10 parking spaces plus 2 additional single car garages. The original long-term owner managed the property himself and got to know the tenants personally. The rents have not been raised in many years. The rents are extremely under market. The units need significant rehab. One of the 2 bedroom units has just been remodeled. Will be renting the remodeled unit at market rent. This is an excellent opportunity to purchase an investment property and build up equity through rehab. The building is all electric and have separate electric meters, there are 2 gas meters for the hot water heaters.

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 01/03/2012

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 19,345 Sq Ft Lot
  • Lot Dimensions are 58x335

Home Design

  • 9,564 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 11 Bathrooms

Parking

  • 14 Parking Spaces
  • 10 Carport Spaces

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 7109007016

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $7,535
  • Net Operating Income $50,554

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.44 Acres

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7109007016
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 115.01

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: No
  • Total Parking Spaces: 14.00

Utilities

  • Heating: No
  • Laundry: No
  • Heating Type: Central
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 58x335
  • Lot Size Sq Ft: 19345.00
  • Lot Size Acres: 0.4400

Multi Family

  • Gross Income: 7535.00
  • Gross Multiplier: 14.32
  • Gross Scheduled Income: 90420.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 19345.0000 Square Feet
  • Net Operating Income: 50554.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 39322.00

Tax Info

  • Tax Area: 2267
  • Tax Lot: 0.

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2012
Closed on
Jan 24, 2012
Sold by
Bought by
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%

Purchase Details

Closed on
Mar 10, 2006
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 Fidelity National Title Co
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,280,000
Closed $1,475,000
Closed $715,000
Previous Owner $245,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/01/2012 02/01/12 Sold $1,100,000 -15.1% $115 / Sq Ft
01/26/2012 01/26/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $1,295,000 -- $135 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,508 $1,381,650 $879,232 $502,418
2024 $18,430 $1,354,560 $861,993 $492,567
2023 $17,748 $1,328,001 $845,092 $482,909
2022 $17,452 $1,301,963 $828,522 $473,441
2021 $17,075 $1,276,435 $812,277 $464,158
2019 $16,661 $1,240,578 $788,186 $452,392
2018 $15,952 $1,216,293 $772,732 $443,561
2016 $15,229 $1,167,142 $742,727 $424,415
2015 $14,929 $1,149,611 $731,571 $418,040
2014 $14,772 $1,127,093 $717,241 $409,852
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P807359

California Regional Multiple Listing Service (CRMLS)
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