NOT LISTED FOR SALE

4207 N Bellflower Blvd Long Beach, CA 90808

Lakewood VIllage Neighborhood

Estimated Value: $1,074,000 - $1,253,000

-- Bed
4 Baths
1,698 Sq Ft
$669/Sq Ft Est. Value

Last Sold July 13, 2012

Last sale price $422,500 $249 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $6,870/month

237 Days on Market

Highlights

  • Wood Siding
  • Mark Twain Elementary School Rated A-
  • No Heating

About This Home

As of July 2012

Rare 4 plex in Lakewood Village with good cash flow and upside. This area benefits from very low vacancy rates and strong demographics; just a few blocks from Lakewood High School. It consists of 2 duplexes on a full size lot with plenty of parking and yard area for the units. The rents are low and there is plenty of cashflow upside here. The last 3 units rented for $875 & 850 very quickly. Expenses are estimated. The units are legally 4 studios Actual street address reads 4209 and 4211.

Last Agent to Sell the Property

AJ Nay

Maverick Apartment Investments License #01249470 Listed on: 10/24/2011

Last Buyer's Agent

John Schneiter

John Schneiter REI Inc License #01834404

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,106

Year Built

  • Built in 1941

Lot Details

  • 7,296

Parking

  • 6 Parking Spaces

Home Design

  • 1,698 Sq Ft Home
  • Wood Siding
  • Stucco

Additional Features

  • 4 Bathrooms
  • 7,296 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 18 / B
  • Tax Tract Number 11425
  • Assessor Parcel Number 7183011021

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $740
  • Maintenance Expense $1,000
  • Other Expense $400
  • Water Sewer Expense $4,000
  • New Taxes Expense $5,577
  • Gross Income $3,300
  • Net Operating Income $26,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,106

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.22
  • Price Per Unit: 113750
  • View: No
  • Water Sewer Expenses: 4000.00
  • Property Type: Residential Income
  • Parcel Number: 7183011021
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 248.82

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7296.00
  • Lot Size Acres: 0.1670

Multi Family

  • Gross Income: 3300.00
  • Gross Multiplier: 10.85
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 740.00
  • Lot Size Area: 7296.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 26695.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11717.00
  • Operating Expense Percent: 30.00
  • Other Expense: 400.00
  • Other Expense Description: Misc
  • Vacancy Allowance: 1188
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5577.00
  • Tax Area: 5531
  • Tax Block: B
  • Tax Lot: 18
  • Tax Tract Number: 11425

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2012
Sold by
Angel John
Bought by
Howard Michael and Howard Yvette
Total Days on Market
237
Current Estimated Value
$1,136,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2011
Sold by
Chittick Karen A
Bought by
Angel John

Purchase Details

Closed on
Aug 2, 2011
Sold by
Onewest Bank Fsb
Bought by
Angel John

Purchase Details

Closed on
Jan 31, 2011
Sold by
Ortega Christopher C and Ortega Maricel D
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Jun 16, 2008
Sold by
Ortega Christopher C and Ortega Maricel D
Bought by
Ortega Christopher C

Purchase Details

Closed on
Mar 7, 2001
Sold by
Ricketts Dorothy C and Ricketts Jerry
Bought by
Ortega Christopher C and Ortega Maricel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,093
Interest Rate
7.09%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Howard Michael $422,500 Chicago Title Company
Angel John -- Lsi Title Company Ca
Angel John $300,000 Lsi Title Company Ca
Onewest Bank Fsb $283,926 None Available
Ortega Christopher C -- None Available
Ortega Christopher C $220,500 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howard Michael $510,000
Closed Howard Michael $378,000
Previous Owner Howard Michael $266,250
Previous Owner Ortega Christopher C $440,000
Previous Owner Ortega Christopher C $247,900
Previous Owner Ortega Christopher C $220,349
Previous Owner Ortega Christopher C $217,093
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2012 07/13/12 Sold $422,500 -7.1% $249 / Sq Ft
06/17/2012 06/17/12 Pending -- -- --
10/24/2011 10/24/11 For Sale $455,000 -- $268 / 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 $7,106 $520,266 $335,559 $184,707
2024 $7,106 $510,066 $328,980 $181,086
2023 $6,981 $500,066 $322,530 $177,536
2022 $6,560 $490,261 $316,206 $174,055
2021 $6,421 $480,649 $310,006 $170,643
2019 $6,328 $466,615 $300,812 $165,803
2018 $6,180 $457,471 $294,914 $162,557
2016 $5,648 $439,497 $283,463 $156,034
2015 $5,429 $432,897 $279,206 $153,691
2014 $5,409 $424,418 $273,737 $150,681
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    AJ Nay

    Maverick Apartment Investments

    Section Image

  • J

    Buyer's Agent in 2012

    John Schneiter

    John Schneiter REI Inc

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P800961

California Regional Multiple Listing Service (CRMLS)

APN: 7183-011-021

California Los Angeles County Long Beach 90713 Lakewood VIllage

4207 N Bellflower Blvd, Long Beach, CA

This home is located at 4207 N Bellflower Blvd, Long Beach, CA 90808 since 24 October 2011 and is currently estimated at $1,136,698, approximately $669 per square foot. This property was built in 1941. 4207 N Bellflower Blvd is a home located in Los Angeles County with nearby schools including Mark Twain Elementary School, Bancroft Middle School, and Lakewood High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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