NOT LISTED FOR SALE

6222 Bear Ave Unit A Bell, CA 90201

Bell Area
1 Bed
1 Bath
3,068 Sq Ft
7,988 Sq Ft Lot

Sale Details

Date Sold: June 23, 2017

Last sale price $775,000 $253 Per Sq Ft

116 Days on Market

Highlights

  • No HOA
  • South Facing Home
  • 1-Story Property
  • Bungalow
  • Wall Furnace
  • 5-minute walk to Freedom Park

About This Home

As of June 2017

Very desirable area with long term tenants, 5 Units - 1 bed / 1 bath each, parking open space for each unit, constructed in 1945 on a 7,988 Sq. Ft Lot with a 3,068 Sq. Ft., Structure. Each unit has it's own gas and electricity meter, laundry Hook ups in each unit. Owner pays water, trash and maintenance. The high rental demand in Bell, CA. 90201 ensures the steady cash flow that makes this an attractive opportunity for any investor or Owner Occupied. Seller is very motivated, submit your buyer's best offer.

Last Agent to Sell the Property

Ramon Pereira

JD Residential & Commercial RE License #01496829 Listed on: 01/29/2017

Last Buyer's Agent

Lourdes Galvez

Lourdes Galvez, Broker License #01439834

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,829

Year Built

  • Built in 1945

Lot Details

  • 7,988 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Density is up to 1 Unit/Acre

Home Design

  • Bungalow
  • Property Attached
  • Raised Foundation

Interior Spaces

  • 3,068 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Tax Lot 221
  • Tax Tract Number 2420
  • Assessor Parcel Number 6318024040

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,654
  • New Taxes Expense $7,770
  • Operating Expense $9,424
  • Gross Income $57,000
  • Net Operating Income $40,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,829

Year Built

Built in 1945

Lot Details

7,988 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Zoning: BLR3YY
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 6318024040
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 252.61

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7988.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Gross Income: 57000.00
  • Gross Operating Income: 54150.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 1654.00
  • Net Operating Income: 40613.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 16387.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 4750.00
  • Total Expenses: 9424.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7770.00
  • Tax Census Tract: 5336.01
  • Tax Lot: 221
  • Tax Tract Number: 2420
  • Tax Annual Amount: 7829.00

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

Closed on
Feb 27, 2024
Sold by
Rangel Family Trust
Bought by

Purchase Details

Listed on
Jan 29, 2017
Closed on
May 31, 2017
Sold by
Lopez Stella and The Stella Lopez Living Trust
Bought by
Rangel Oralia and The Rangel Family Trust
Seller's Agent
Ramon Pereira
JD Residential & Commercial RE
Buyer's Agent
Lourdes Galvez
Lourdes Galvez, Broker
List Price
$900,000
Sold Price
$775,000
Premium/Discount to List
-$125,000
-13.89%

Purchase Details

Closed on
Jul 26, 2007
Sold by
Lopez Stella
Bought by
Lopez Stella and Stella Lopez Living Trust

Purchase Details

Closed on
Jun 7, 2002
Sold by
Paradise Property Investments
Bought by
Lopez Stella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 2001
Sold by
Ojeda Julio Cesar and Ojeda Maria Elena
Bought by
Montti Omar A and Montti Ana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.04%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Bell, CA

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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
-- None Listed On Document
Rangel Oralia $775,000 Provident Title Company
Lopez Stella -- None Available
Lopez Stella $348,000 American Title Co
Montti Omar A $235,000 North American 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 --
Previous Owner Lopez Stella $333,000
Previous Owner Lopez Stella $324,000
Previous Owner Lopez Stella $258,000
Previous Owner Montti Omar A $188,000
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
06/23/2017 06/23/17 Sold $775,000 -8.8% $253 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
03/05/2017 03/05/17 Price Changed $850,000 -5.6% $277 / Sq Ft
01/29/2017 01/29/17 For Sale $900,000 -- $293 / 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
2026 $15,488 $917,436 $739,870 $177,566
2025 $15,488 $899,448 $725,363 $174,085
2024 $14,678 $881,813 $711,141 $170,672
2023 $14,422 $864,524 $697,198 $167,326
2022 $13,876 $847,574 $683,528 $164,046
2021 $13,737 $830,956 $670,126 $160,830
2019 $13,339 $806,310 $650,250 $156,060
2018 $13,897 $790,500 $637,500 $153,000
2016 $7,829 $425,756 $181,068 $244,688
2015 $7,711 $419,362 $178,349 $241,013
2014 $7,698 $411,148 $174,856 $236,292
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17019880

California Regional Multiple Listing Service (CRMLS)
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