Seller's Agent in 2022
Nicholas Petrosian
RE/MAX
(949) 607-7096
5 in this area
50 Total Sales
Estimated Value: $1,622,184 - $1,835,000
6
Beds
6
Baths
3,600
Sq Ft
$480/Sq Ft
Est. Value
About This Home
As of December 20224218 Bell Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features all one-bedroom units with securitized parking on 11,221 square feet of prime Southern California land. There are 6 detached single car garages and a common area laundry room. There is approximately 34% upside in the rental income not including additional revenue potential by adding in coin operated laundry machines and dryers. The subject property has been in the same family since the property was built and is an excellent investment opportunity because of it's great location and substantial amount of rental upside.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01462598 Listed on: 11/14/2022
Last Buyer's Agent
Remax Commercial and Investment Realty License #01462598 Listed on: 11/14/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 0.26
Parking
- 1 Car Garage
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Additional Features
- 0.26 Acre Lot
- Heating System Mounted To A Wall or Window
Community Details
- 4 Buildings
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 6325-028-035
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 9, 2023
Sold by
253 S Carondelet St Llc
Bought by
Forty-Two 18 Llc
Current Estimated Value
Purchase Details
Closed on
Feb 25, 2015
Sold by
Aloi Mollie and The Lee Frank Aloi Revocable L
Bought by
Aloi Family Properties Llc
Purchase Details
Closed on
Nov 17, 2008
Sold by
Aloi Lee Frank and Lee Frank Aloi Revocable Livin
Bought by
Aloi Lee and Aloi Martha
Purchase Details
Closed on
Feb 8, 2003
Sold by
Aloi Lee Frank
Bought by
Aloi Lee Frank and The Lee Frank Aloi Revocable L
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Forty-Two 18 Llc | $1,500,000 | Chicago Title Company | |
| Aloi Family Properties Llc | -- | None Available | |
| Aloi Lee | -- | None Available | |
| Aloi Lee Frank | -- | -- | |
| Aloi Martha | -- | -- | |
| Aloi Mollie | -- | -- | |
| Aloi Henry | -- | -- | |
| Aloi Lee Frank | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2022 12/08/22 | Sold | $1,330,000 | +5.1% | $369 / Sq Ft |
| 11/16/2022 11/16/22 | Pending | -- | -- | -- |
| 11/14/2022 11/14/22 | For Sale | $1,265,000 | -- | $351 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $24,398 | $1,530,000 | $816,000 | $714,000 |
| 2024 | $24,398 | $1,500,000 | $800,000 | $700,000 |
| 2023 | $21,913 | $1,330,000 | $650,000 | $680,000 |
| 2022 | $14,420 | $838,067 | $498,311 | $339,756 |
| 2021 | $14,277 | $821,636 | $488,541 | $333,095 |
| 2019 | $13,890 | $797,267 | $474,051 | $323,216 |
| 2018 | $3,280 | $77,949 | $35,312 | $42,637 |
| 2016 | $3,123 | $74,924 | $33,942 | $40,982 |
| 2015 | $3,087 | $73,800 | $33,433 | $40,367 |
| 2014 | $3,109 | $72,356 | $32,779 | $39,577 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Petrosian
Map
Source: The MLS
MLS Number: 22-218301
APN: 6325-028-035
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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