NOT LISTED FOR SALE

4501 N Bellflower Blvd Long Beach, CA 90808

Lakewood VIllage Neighborhood
19 Beds
13 Baths
14,506 Sq Ft
0.33 Acres

Last Sold October 08, 2013

Last sale price $3,150,000 $217 Per Sq Ft

39 Days on Market

Highlights

  • Private Pool
  • Dual Staircase
  • No HOA
  • Mark Twain Elementary School Rated A-
  • Wood Flooring
  • Outdoor Cooking Area

About This Home

As of October 2013

18 well-maintained units in one the best sub-markets of Long Beach. Desirable unit mix, consisting of 11 - two bedroom units (two units have two baths), 6 - one bedroom units, and 1 - three bedroom/two bath unit. Many of the units feature new base boards and crown moulding, updated kitchens and baths. 18 one-car garages make this an ideal investment. Interior courtyard contains a swimming pool, laundry room (3 washers and 4 dryers - all owned), two outdoor dining areas, and gas BBQ. Plumbing was substantially re-piped about 15 years ago and facade was re-stuccoed and front yard was recently landscaped in 2012. Interior courtyard and ground floor deck were recently repainted.

Last Agent to Sell the Property

William Smith

Bryant Drive Properties, Inc. License #01431853 Listed on: 06/07/2013

Last Buyer's Agent

Marc Huffman

Palazzo Realty Inc. License #01290399

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.33 Acre Lot
  • 1 Common Wall
  • East Facing Home
  • Density is 16-20 Units/Acre

Parking

  • 18 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 14,506 Sq Ft Home
  • Dual Staircase
  • Double Pane Windows
  • Electric Cooktop
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Stone
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 13 Bathrooms

Utilities

  • Wall Furnace
  • Electric Water Heater

Additional Features

  • Private Pool
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 001
  • Tax Tract Number 1
  • Assessor Parcel Number 7180017034

Community Details

Overview

  • No Home Owners Association
  • 18 Units

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 18 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Water Meters
  • Insurance Expense $3,750
  • Maintenance Expense $2,700
  • Professional Management Expense $12,514
  • Trash Expense $2,200
  • Water Sewer Expense $4,782
  • New Taxes Expense $36,330
  • Gross Income $23,085
  • Net Operating Income $193,533

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

18

Listing Details

  • CapRate: 5.60
  • Professional Management Expense: 12514.00
  • Property Attached: Yes
  • Subdivision Name Other: Lakewood Village (LKVL)
  • Water Sewer Expenses: 4782.00
  • Property Type: Residential Income
  • Parcel Number: 7180017034
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Common Walls: 1 Common Wall
  • Flooring: Concrete, Carpet, Stone, Tile, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 217.15
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Pool Features: Community
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 18.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Electric Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 2200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Barbecue, Outdoor Cooking Area, Pool
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 14432.00
  • Lot Size Acres: 0.3310

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 850
  • Average3 Bed Area: 1100
  • Gross Income: 23085.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 277020.00
  • Gross Spendable Income: 54777.00
  • Insurance Expense: 3750.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 14432.0000 Square Feet
  • Maintenance Expense: 2700.00
  • Net Operating Income: 193533.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Water Meters: 18
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Number With Carpet: 18
  • Number With Disposal: 18
  • Number With Drapes: 18
  • Number With Range: 18
  • Operating Expense: 75177.00
  • Rent Control: No
  • Total Actual Rent: 22785.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 36330.00
  • Tax Lot: 001
  • Tax Tract Number: 001
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2013 10/08/13 Sold $3,150,000 -9.0% $217 / Sq Ft
07/16/2013 07/16/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $3,460,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2013

    William Smith

    Bryant Drive Properties, Inc.

    (562) 607-8580

    8 Total Sales

    William Smith
    Section Image
  • Marc Huffman

    Buyer's Agent in 2013

    Marc Huffman

    Palazzo Realty Inc.

    (310) 968-5233

    1 Total Sale

    Marc Huffman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13109916

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90713 Lakewood VIllage

4501 N Bellflower Blvd, Long Beach, CA

This home is located at 4501 N Bellflower Blvd, Long Beach, CA 90808 since 07 June 2013. This property was built in 1961. 4501 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.

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.

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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