NOT LISTED FOR SALE

17618 Downey Ave Bellflower, CA 90706

Estimated Value: $879,000 - $1,086,000

4 Beds
2 Baths
1,897 Sq Ft
$521/Sq Ft Est. Value

Last Sold March 07, 2019

Last sale price $675,000 $356 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,975/month

119 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2019

BACK ON THE MARKET! REHABBED AND READY TO MOVE IN DUPLEX IN THE CITY OF BELLFLOWER - NON-RENT CONTROL AREA. LIVE IN ONE - RENT THE OTHER, OR PERFECT INVESTMENT OPPORTUNITY TO START WITH 2 VACANT UNITS! GREAT LOCATION JUST SOUTH OF THE 91 FREEWAY AND EAST OF THE 710; BETWEEN DOWNTOWN LOS ANGELES AND ORANGE COUNTY. 2-BEDROOMS AND 1-BATH EACH UNIT (FRONT UNIT HAS NEW LAMINATE FLOORING, RECESSED LIGHTS, NEW KITCHEN CABINETS, REHABBED BATHROOM, NEW TILE FLOOR IN KITCHEN, AND NEW PAINT THROUGHOUT). THE REAR UNIT IS ALSO A 2 BEDROOM / 1 BATH WITH A DETACHED 2-CAR GARAGE - THIS UNIT ALSO RECENTLY PAINTED WITH REHABBED KITCHEN CABINETS. WHO SAYS, YOU CAN'T HAVE YOUR CAKE AND EAT IT TOO!! NOTHING ON THE MARKET LIKE THIS ONE - EASY FREEWAY ACCESS TO THE 91, 105, 710, 405 AND 605 FREEWAYS. SHORT DRIVING DISTANCE TO THE MALLS AT DOWNEY, LAKEWOOD, AND CERRITOS; AND A QUICK DRIVE TO LAX AND DOWNTOWN LOS ANGELES. DON’T LET THIS ONE GET AWAY, IT MAY NOT LAST. DID I MENTION THAT BOTH UNITS WILL BE VACANT AT THE CLOSE OF ESCROW?! WHAT ARE YOU WAITING FOR, CALL TODAY!

Last Agent to Sell the Property

Tony Lopez

Coldwell Banker Envision License #01752038 Listed on: 10/08/2018

Coldwell Banker Envision

Last Buyer's Agent

Ignacio Gutierrez

Pak Home Realty License #01451846

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,114 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,897 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5023
  • Assessor Parcel Number 7162018035

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $660
  • Trash Expense $794
  • Water Sewer Expense $1,223
  • New Taxes Expense $8,438
  • Operating Expense $11,654
  • Gross Income $44,400
  • Net Operating Income $32,746

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1223.00
  • Zoning: BFR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7162018035
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 355.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 794.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6114.00
  • Lot Size Acres: 0.1404

Multi Family

  • Gross Income: 44400.00
  • Gross Operating Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 660.00
  • Lot Size Area: 6114.0000 Square Feet
  • Net Operating Income: 32746.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11654.00
  • Rent Control: No
  • Total Expenses: 11654.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 8438.00
  • Tax Census Tract: 5543.02
  • Tax Lot: 1
  • Tax Tract Number: 5023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Feb 11, 2019
Sold by
Sandoval Reynaldo
Bought by
Elias Jose De Jesus and Garcia Jannete
Seller's Agent
Tony Lopez
Coldwell Banker Envision
Buyer's Agent
Ignacio Gutierrez
Pak Home Realty
List Price
$674,999
Sold Price
$675,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$988,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,702
Avg. Annual Appreciation
5.74%
Original Mortgage
$662,774
Outstanding Balance
$585,614
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$403,088

Purchase Details

Closed on
Dec 26, 2006
Sold by
Sandoval Reynaldo and Padilla Jesus
Bought by
Sandoval Reynaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2006
Sold by
Sandoval Reynaldo
Bought by
Sandoval Reynaldo and Padilla Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
6.22%
Mortgage Type
New Conventional
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
Elias Jose De Jesus $675,000 Orange Coast Title Co
Anguiano Miguel -- Orange Coast Title Co
Sandoval Reynaldo -- Accommodation
Sandoval Reynaldo -- United General Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elias Jose De Jesus $662,774
Previous Owner Sandoval Reynaldo $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2019 03/07/19 Sold $675,000 0.0% $356 / Sq Ft
02/04/2019 02/04/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $674,999 0.0% $356 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/08/2018 10/08/18 For Sale $674,999 -- $356 / 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 $9,665 $752,970 $451,782 $301,188
2024 $9,665 $738,207 $442,924 $295,283
2023 $9,486 $723,734 $434,240 $289,494
2022 $9,232 $709,544 $425,726 $283,818
2021 $9,021 $695,632 $417,379 $278,253
2020 $8,816 $688,500 $413,100 $275,400
2019 $7,383 $527,359 $265,270 $262,089
2018 $6,865 $517,019 $260,069 $256,950
2016 $6,157 $496,944 $249,971 $246,973
2015 $5,802 $489,481 $246,217 $243,264
2014 $5,949 $479,893 $241,394 $238,499
Source: Public Records

Agents Affiliated with this Home

  • Tony Lopez

    Seller's Agent in 2019

    Tony Lopez

    Coldwell Banker Envision

    (562) 762-7403

    6 in this area

    81 Total Sales

    Tony Lopez
    Section Image

  • I

    Buyer's Agent in 2019

    Ignacio Gutierrez

    Pak Home Realty

    (562) 619-3302

    14 Total Sales

    Ignacio Gutierrez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18244453

California Regional Multiple Listing Service (CRMLS)

APN: 7162-018-035

California Los Angeles County Bellflower 90706

17618 Downey Ave, Bellflower, CA

Not Listed for Sale

MultiFamily

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