NOT LISTED FOR SALE

3637 Florence Ave Bell, CA 90201

Estimated Value: $817,000 - $908,951

4 Beds
4 Baths
1,870 Sq Ft
$455/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $690,000 $369 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,428/month

75 Days on Market

About This Home

As of September 2020

Back on the Market Buyer could not preform. Wow 4 units totally remodeled inside new kitchen,bathroom. All 1 bedroom 1 bath units. Perfect for first time investor or seasoned investor. The numbers don't lie. bring all offers. To show only with accepted offer. for now drive-by only.

Last Agent to Sell the Property

Victor Ambriz Jr

Keller Williams SELA License #00952349 Listed on: 05/28/2020

Keller Williams SELA

Last Buyer's Agent

Melinda Lira

Home Pride Real Estate License #01900154

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 4,085 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 1,870 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 19
  • Tax Tract Number 12614
  • Assessor Parcel Number 6324031003

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,612
  • Maintenance Expense $2,684
  • Professional Management Expense $2,497
  • Trash Expense $810
  • Water Sewer Expense $810
  • New Taxes Expense $10,005
  • Operating Expense $18,410
  • Gross Income $62,424
  • Net Operating Income $42,141

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • CapRate: 6.11
  • Professional Management Expense: 2497.00
  • Property Attached: No
  • Water Sewer Expenses: 810.00
  • Zoning: BLC3R*
  • Property Type: Residential Income
  • Parcel Number: 6324031003
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 368.98

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 810.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 4085.00
  • Lot Size Acres: 0.0938

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 62424.00
  • Gross Multiplier: 11.10
  • Gross Operating Income: 60551.00
  • Gross Scheduled Income: 62424.00
  • Insurance Expense: 1612.00
  • Lot Size Area: 4085.0000 Square Feet
  • Maintenance Expense: 2684.00
  • Net Operating Income: 42141.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18410.00
  • Other Income1: 1224.00
  • Other Income Description: RUBS
  • Rent Control: Yes
  • Total Expenses: 18410.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10005.00
  • Tax Census Tract: 5336.03
  • Tax Lot: 19
  • Tax Tract Number: 12614

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Aug 22, 2020
Sold by
Chartwell Manor Llc
Bought by
Contreras Ismael
Seller's Agent
Victor Ambriz Jr
Keller Williams SELA
Buyer's Agent
Melinda Lira
Home Pride Real Estate
List Price
$690,000
Sold Price
$690,000
Current Estimated Value
$851,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,238
Avg. Annual Appreciation
4.01%
Original Mortgage
$517,500
Outstanding Balance
$459,059
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$392,179

Purchase Details

Closed on
May 10, 2019
Sold by
Bakhshi David
Bought by
Chartwell Manor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
May 7, 2018
Closed on
Apr 13, 2018
Sold by
Rosales Luis H
Bought by
Bakhshi David
Seller's Agent
Jaime Enriquez
Real Estate Executives Secure Properties
Buyer's Agent
Victor Ambriz Jr
Keller Williams SELA
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$420,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2011
Sold by
Mendez Karina
Bought by
Rosales Luis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2006
Sold by
Rodulfo Concepcion
Bought by
Mendez Karina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 16, 2005
Sold by
Robledo Ana Maria
Bought by
Rodulfo Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2002
Sold by
Delgado Jose
Bought by
Robledo Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.28%

Purchase Details

Closed on
Mar 18, 2002
Sold by
Capitalquickcom Inc
Bought by
Delgado Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 14, 2002
Sold by
Carrillo Martin
Bought by
Capitalquickcom Inc

Purchase Details

Closed on
Nov 14, 2001
Sold by
Zelada Jose
Bought by
Duran Robert

Purchase Details

Closed on
Jul 15, 2001
Sold by
Carrillo Martin
Bought by
Zelada Jose

Purchase Details

Closed on
Mar 8, 2001
Sold by
Tamaki Roger A and Tamaki Bettie T
Bought by
Carrillo Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Contreras Ismael $690,000 Chicago Title
Chartwell Manor Llc $600,000 Chicago Title Company
Bakhshi David $530,000 Chicago Title Company
Rosales Luis H $305,000 Usa National Title Co
Mendez Karina $619,000 Ticor Title Company
Rodulfo Concepcion $470,000 Fidelity National Title Co
Robledo Ana Maria $270,000 Stewart Title
Delgado Jose $199,000 Fidelity National Title Co
Capitalquickcom Inc $183,725 --
Duran Robert -- --
Zelada Jose -- --
Carrillo Martin $515,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Ismael $517,500
Previous Owner Chartwell Manor Llc $420,000
Previous Owner Bakhshi David $420,000
Previous Owner Rosales Luis H $140,000
Previous Owner Mendez Karina $531,000
Previous Owner Rodulfo Concepcion $423,000
Previous Owner Robledo Ana Maria $247,000
Previous Owner Delgado Jose $204,000
Previous Owner Carrillo Martin $160,000
Closed Carrillo Martin $12,667
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2020 09/03/20 Sold $690,000 0.0% $369 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $690,000 +31.4% $369 / Sq Ft
05/08/2018 05/08/18 Sold $525,000 -4.4% $281 / Sq Ft View Prior Sale
05/07/2018 05/07/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $549,000 -- $294 / 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 $11,769 $746,877 $335,553 $411,324
2024 $11,769 $732,233 $328,974 $403,259
2023 $11,556 $717,876 $322,524 $395,352
2022 $11,103 $703,800 $316,200 $387,600
2021 $10,993 $690,000 $310,000 $380,000
2020 $10,002 $612,000 $275,400 $336,600
2019 $10,127 $632,400 $306,000 $326,400
2018 $5,847 $336,688 $220,780 $115,908
2016 $5,738 $323,615 $212,207 $111,408
2015 $5,647 $318,755 $209,020 $109,735
2014 $5,637 $312,512 $204,926 $107,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20102234

California Regional Multiple Listing Service (CRMLS)

APN: 6324-031-003