$6,600,000
SOLD APR 15, 2025

4704 Florence Ave Bell, CA 90201

8 Beds
5 Baths
23,316 Sq Ft
32,239 Sq Ft Lot

Recently Sold

$283 Per Sq Ft

6% Below List Price

15 Days on Market

Highlights

  • Detached Guest House
  • Property is near public transit
  • 28 Car Direct Access Garage
  • 0.74 Acre Lot
  • No HOA
  • Double Pane Windows

About This Home

As of April 2025

LENDER OWNED 14-unit apartment community in the city of Bell, CA. 4704 Florence Ave is a newly constructed 14-unit Townhome style apartment that was completed in Dec 2022 (COO issued in 2023).

Last Agent to Sell the Property

Han Widjaja-Chen

Growth Investment Group Pasade Brokerage Email: han.chen@growthinvestmentgroup.com License #01749321 Listed on: 01/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $102,383

Year Built

  • Built in 2022 | Remodeled

Lot Details

  • 0.74 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 28 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Asphalt Roof

Interior Spaces

  • 23,316 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Gas Range

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Homes

  • Detached Guest House

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6226002400
  • $2,859 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $4,559
  • New Taxes Expense $102,383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$102,383

Year Built

Built in 2022 | Remodeled

Lot Details

0.74 Acres

Parking

28

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6226002400
  • Year Built: 2022
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 283.07
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Guest House Detached
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 28.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access
  • Total Parking Spaces: 34.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Level, Near Public Transit
  • Lot Size Sq Ft: 32240.00
  • Lot Size Acres: 0.7401

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 32240.0000 Square Feet
  • Maintenance Expense: 4559.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number With Disposal: 14
  • Number With Patio: 14
  • Number With Range: 14
  • Number With Refrigerator: 14
  • Operating Expense Percent: 24.00
  • Other Expense Description: fire eq.
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 102383.00
  • Tax Annual Amount: 102383.00
  • Tax Year: 2024
  • TaxOtherAnnualAssessmentAmount: 2859.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Mar 28, 2025
Sold by
Oregon Trail Corporation
Bought by
Oji Group Llc
Seller's Agent
Han Widjaja-Chen
Growth Investment Group Pasade
Buyer's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
List Price
$7,000,000
Sold Price
$6,600,000
Premium/Discount to List
-$400,000
-5.71%
Views
16
Current Estimated Value
$6,559,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,979
Avg. Annual Appreciation
2.05%
Original Mortgage
$3,900,000
Outstanding Balance
$3,869,150
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$2,856,474

Purchase Details

Closed on
Jan 10, 2024
Sold by
County Records Research Inc
Bought by
Oregon Trail Corporation

Purchase Details

Closed on
Nov 30, 2021
Sold by
Gonzalez Jose
Bought by
Southern California Edison Company

Purchase Details

Closed on
Jul 6, 2015
Sold by
Joy 2001 Inc
Bought by
Gonzalez Jose

Purchase Details

Listed on
Jan 28, 2015
Closed on
Apr 8, 2015
Sold by
Taco S Mexico Inc
Bought by
Joy 2001 Inc
Seller's Agent
Rick Contreras
West Coast Realty
Buyer's Agent
Rick Contreras
West Coast Realty
List Price
$950,000
Sold Price
$850,000
Premium/Discount to List
-$100,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.85%
Original Mortgage
$550,000
Interest Rate
3.8%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 5, 2008
Sold by
Western Firearms Inc
Bought by
Tacos Mexico Inc

Purchase Details

Closed on
Sep 15, 1999
Sold by
Werrlein Patricia H Irrevocable Trust
Bought by
Western Firearms Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $6,600,000 Lawyers Title
Trustee Deed $1,319,649 None Listed On Document
Administrators Deed -- Title And Real Estate Svcs
Grant Deed -- None Available
Grant Deed $850,000 Old Republic Title Co
Grant Deed $950,000 Stewart Title
Individual Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,900,000 New Conventional
Previous Owner $550,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2025 04/15/25 Sold $6,600,000 -5.7% $283 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $7,000,000 +723.5% $300 / Sq Ft
04/21/2015 04/21/15 Sold $850,000 -10.5% $354 / Sq Ft View Prior Sale
03/18/2015 03/18/15 Pending -- -- --
01/28/2015 01/28/15 For Sale $950,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,306 $6,426,000 $2,040,000 $4,386,000
2024 $17,306 $986,491 $727,103 $259,388
2023 $17,005 $967,149 $712,847 $254,302
2022 $16,381 $948,186 $698,870 $249,316
2021 $16,218 $929,595 $685,167 $244,428
2019 $14,509 $902,025 $664,846 $237,179
2018 $13,969 $884,339 $651,810 $232,529
2016 $13,779 $850,000 $626,500 $223,500
2015 $11,190 $680,000 $500,000 $180,000
2014 $11,364 $680,000 $500,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR25003166

California Regional Multiple Listing Service (CRMLS)

APN: 6226-002-400

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