S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
1 in this area
87 Total Sales
1
Bed
1
Bath
7,600
Sq Ft
0.53
Acres
About This Home
As of October 2017This exciting turnkey opportunity features 19 new construction one-bedroom/one-bath modular homes on a large 22,895-square foot lot. The property also features ample on-site parking and attractive landscaping.
The excellent condition of the units attracts quality tenants and makes this property competitive in an extremely dense rental market where vacancy rates have dipped below two percent. Additionally, the propertys location conveniently near the 710 Freeway makes it an attractive commuter option.
With strong cash flow on current rents, 5317 Florence Avenue is an excellent opportunity to acquire a turnkey asset in a dense rental market.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/31/2017
Last Buyer's Agent
William Ramirez
Nationwide Real Estate Execs License #01427735
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2017
Lot Details
- 0.53 Acre Lot
- No Common Walls
Home Design
- 7,600 Sq Ft Home
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 19 Open Parking Spaces
- 19 Parking Spaces
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 10075
- Assessor Parcel Number 6327036401
Community Details
Overview
- 19 Buildings
- 19 Units
Amenities
- Laundry Facilities
Building Details
- 19 Separate Electric Meters
- 19 Separate Gas Meters
- 19 Separate Water Meters
- Operating Expense $94,706
- Net Operating Income $198,552
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/26/2017 10/26/17 | Sold | $2,900,000 | -10.8% | $382 / Sq Ft |
| 09/20/2017 09/20/17 | Pending | -- | -- | -- |
| 08/14/2017 08/14/17 | Price Changed | $3,250,000 | -4.4% | $428 / Sq Ft |
| 07/10/2017 07/10/17 | Price Changed | $3,400,000 | -6.8% | $447 / Sq Ft |
| 05/31/2017 05/31/17 | For Sale | $3,650,000 | -- | $480 / 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 | $27,459 | $1,649,847 | $1,638,471 | $11,376 |
| 2024 | $27,459 | $1,617,498 | $1,606,345 | $11,153 |
| 2023 | $26,975 | $1,585,784 | $1,574,849 | $10,935 |
| 2022 | $25,966 | $1,554,691 | $1,543,970 | $10,721 |
| 2021 | $25,735 | $1,524,208 | $1,513,697 | $10,511 |
| 2019 | $24,985 | $1,479,000 | $1,468,800 | $10,200 |
| 2018 | $24,406 | $1,450,000 | $1,440,000 | $10,000 |
| 2016 | $23,719 | $1,370,587 | $710,675 | $659,912 |
| 2015 | $11,881 | $591,497 | $585,702 | $5,795 |
| 2014 | $11,784 | $579,911 | $574,229 | $5,682 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
W
Buyer's Agent in 2017
William Ramirez
Nationwide Real Estate Execs
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17120272
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.
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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