NOT LISTED FOR SALE

5317 Florence Ave Bell, CA 90201

1 Bed
1 Bath
7,600 Sq Ft
0.53 Acres

Last Sold October 26, 2017

Last sale price $2,900,000 $382 Per Sq Ft

112 Days on Market

About This Home

As of October 2017

This 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

Steve Bogoyevac

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

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • CapRate: 6.11
  • Property Attached: No
  • Zoning: BLCR3*
  • Property Type: Residential Income
  • Parcel Number: 6327036401
  • Year Built: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 381.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 19.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 22895.00

Multi Family

  • Gross Multiplier: 10.75
  • Gross Scheduled Income: 303328.00
  • Net Operating Income: 198552.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 19
  • Number Of Units Total: 19
  • Operating Expense: 94706.00
  • Rent Control: No
  • Total Expenses: 94706.00

Tax Info

  • Tax Census Tract: 5338.06
  • Tax Lot: 16
  • Tax Tract Number: 10075

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    1 in this area

    89 Total Sales

    Steve Bogoyevac
    Section Image

  • W

    Buyer's Agent in 2017

    William Ramirez

    Nationwide Real Estate Execs

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17120272

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Bell 90201

5317 Florence Ave, Bell, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes