NOT LISTED FOR SALE

6201 King Ave Bell, CA 90201

Estimated Value: $1,072,000 - $1,116,147

6 Beds
5 Baths
2,684 Sq Ft
$408/Sq Ft Est. Value

Last Sold February 26, 2015

Last sale price $600,000 $224 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,678/month

109 Days on Market

About This Home

As of February 2015

Wonderful Smaller Complex at Great Corner Location in Bell. Front building is a ground-level/one-level triplex with thre 1 bedroom units each with small yard area in back. Back building has 5 single car garages with one 1 Bedroom and one 2 bedroom unit up above these. Each unit has assigned parking which is very desirable as Bell has no street parking overnight. There is a community laundry room and a large storage room as well.

Last Agent to Sell the Property

Dale Jervis

Century 21 Jervis & Associates License #00849695 Listed on: 09/22/2014

Century 21 Jervis & Associates

Last Buyer's Agent

Dale Jervis

Century 21 Jervis & Associates License #00849695 Listed on: 09/22/2014

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,979 Sq Ft Lot
  • Lot Dimensions are 50x129
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 2,684 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 505
  • Tax Tract Number 5338
  • Assessor Parcel Number 6316020021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $624
  • Gardener Expense $900
  • Insurance Expense $1,512
  • Maintenance Expense $1,430
  • Other Expense $900
  • Trash Expense $848
  • Water Sewer Expense $1,528
  • New Taxes Expense $12,900
  • Gross Income $4,255
  • Net Operating Income $30,126

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 3.30
  • Improvements Percent: 61.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1528.00
  • Zoning: R3YY
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6316020021
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 223.55

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 848.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Value Percent: 39.00
  • Lot Size: 50x129
  • Lot Size Sq Ft: 5979.00
  • Lot Size Acres: 0.1370

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 700
  • Electric Expense: 624.00
  • Gross Income: 4255.00
  • Gross Multiplier: 12.70
  • Gross Scheduled Income: 51060.00
  • Gross Spendable Income: 20934.00
  • Insurance Expense: 1512.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5979.0000 Square Feet
  • Maintenance Expense: 1430.00
  • Net Operating Income: 30126.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 20934.00
  • Operating Expense Percent: 41.00
  • Other Expense: 900.00
  • Other Expense Description: WashLeas
  • Rent Control: No
  • Total Actual Rent: 4180.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12900.00
  • Tax Lot: 505
  • Tax Tract Number: 5338
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2014
Closed on
Jan 22, 2015
Sold by
Conte Roger F and Conte Sharon P
Bought by
Los Angeles Homeowners Aid Inc
Seller's Agent
Dale Jervis
Century 21 Jervis & Associates
Buyer's Agent
Dale Jervis
Century 21 Jervis & Associates
List Price
$649,000
Sold Price
$600,000
Premium/Discount to List
-$49,000
-7.55%
Current Estimated Value
$1,084,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,617
Avg. Annual Appreciation
5.68%

Purchase Details

Closed on
Dec 30, 2004
Sold by
Conte Roger F and Conte Sharon P
Bought by
Conte Roger F and Conte Sharon P

Purchase Details

Closed on
Feb 4, 2004
Sold by
Conte Roger F and Conte Sharon P
Bought by
Conte Roger F and Conte Sharon P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,700
Interest Rate
5.8%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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 Buyer Sale Price Title Company
Los Angeles Homeowners Aid Inc $600,000 Lawyers Title
Conte Roger F -- --
Conte Roger F -- Fidelity National Title Co L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conte Roger F $243,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2015 02/26/15 Sold $600,000 -7.6% $224 / Sq Ft
01/09/2015 01/09/15 Pending -- -- --
09/22/2014 09/22/14 For Sale $649,000 -- $242 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,142 $721,099 $282,429 $438,670
2024 $12,142 $706,961 $276,892 $430,069
2023 $11,933 $693,100 $271,463 $421,637
2022 $11,490 $679,511 $266,141 $413,370
2021 $11,373 $666,188 $260,923 $405,265
2019 $11,047 $648,091 $253,185 $394,906
2018 $10,917 $635,417 $248,221 $387,196
2016 $10,696 $609,149 $238,583 $370,566
2015 $8,994 $498,247 $195,095 $303,152
2014 -- $488,488 $191,274 $297,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14206014

California Regional Multiple Listing Service (CRMLS)

APN: 6316-020-021