Scott Underwood
Meadowbrook Realty
(424) 785-0908
26 Total Sales
1 in Bell
$820,000 Price
1
Bed
1
Bath
7,600
Sq Ft
0.53
Acre Lot
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 2017
Lot Details
- 22,895 Sq Ft 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
Location
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2017
Closed on
Oct 23, 2017
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
William Ramirez
Nationwide Real Estate Execs
List Price
$3,650,000
Sold Price
$2,900,000
Premium/Discount to List
-$750,000
-20.55%
Purchase Details
Listed on
May 31, 2017
Closed on
Sep 1, 2017
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
William Ramirez
Nationwide Real Estate Execs
List Price
$3,650,000
Sold Price
$2,900,000
Premium/Discount to List
-$750,000
-20.55%
Purchase Details
Closed on
Oct 26, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
3.48%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Mar 11, 2015
Sold by
Bought by
Purchase Details
Closed on
May 5, 2004
Sold by
Bought by
Purchase Details
Closed on
Nov 3, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 7, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 19, 2001
Sold by
Bought by
Purchase Details
Closed on
Jun 18, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bell, CA
-
Scott Underwood
-
Noemy Arellano
Noemy Arellano
Vida Realty
(657) 216-9210
70 Total Sales
1 in Bell
$963,000 Price
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
255 Total Sales
1 in Bell
$535,000 Price
-
Mary Meza Hayes
Mary Meza Hayes
T.N.G. Real Estate Consultants
(424) 378-5504
35 Total Sales
1 in Bell
$621,000 Price
-
Jason Paukovits
Jason Paukovits
Dream Realty & Investments Inc
(424) 277-2611
40 Total Sales
1 in Bell
$740,000 Price
-
Steve Julian
Steve Julian
Luxury Collective
(747) 293-4987
172 Total Sales
1 in Bell
$610,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,450,000 | Ticor Title | ||
| -- | None Available | ||
| $1,350,000 | Lawyers Title | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | First American Title Co Los | ||
| -- | First American Title | ||
| -- | Commerce Title | ||
| -- | -- | ||
| $305,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,040,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $315,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $29,988 | $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
S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(424) 405-3826
77 Total Sales
-
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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