S
Seller's Agent in 2023
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
1 in this area
87 Total Sales
5
Beds
--
Bath
35,970
Sq Ft
1.52
Acres
Highlights
- 1.52 Acre Lot
- Laundry Room
- 4-minute walk to Treder Park
About This Home
As of February 20236317 Flora Avenue is a 40-unit multifamily investment property in Bell, California. With a sought-after mix of all two- and three-bedroom units, this offering presents an excellent value-add opportunity with 42 percent potential upside in rents.
6317 Flora Avenue consists of 10 buildings on a large 1.52-acre lot and offers a desirable mix of 20 two-bedroom/one-bath and 20 three-bedroom/one-bath units. The units are separately metered for gas and electricity, and the property also features on-site laundry and ample carport parking with storage.
The property is well-located in Bell near the intersection of Gage and Atlantic avenues and within easy walking distance of numerous dining and retail options, as well as Nueva Vista Elementary School, Maywood Academy High School, and the city of Bell’s library, community center, and civic center.
Seller financing is available;
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 09/22/2022
Last Buyer's Agent
Steven M. Bogoyevac, Broker License #01332755 Listed on: 09/22/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 1.52 Acre Lot
- No Common Walls
Interior Spaces
- 5 Bedrooms
- 35,970 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 40 Parking Spaces
- 40 Carport Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 29
- Tax Tract Number 2127
- Assessor Parcel Number 6317025006
- $10,444 per year additional tax assessments
Community Details
Overview
- 10 Buildings
- 40 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 40 Separate Electric Meters
- 40 Separate Gas Meters
- 10 Separate Water Meters
- Operating Expense $335,360
- Gross Income $870,948
- Net Operating Income $514,259
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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 | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2023 02/27/23 | Sold | $10,200,000 | -7.3% | $284 / Sq Ft | |
| 01/13/2023 01/13/23 | Pending | -- | -- | -- | |
| 11/02/2022 11/02/22 | Price Changed | $11,000,000 | -4.3% | $306 / Sq Ft | |
| 10/06/2022 10/06/22 | Price Changed | $11,500,000 | -4.2% | $320 / Sq Ft | |
| 09/22/2022 09/22/22 | For Sale | $12,000,000 | +30.1% | $334 / Sq Ft | |
| 02/21/2020 02/21/20 | Sold | $9,225,000 | -7.8% | $256 / Sq Ft | View Prior Sale |
| 11/19/2019 11/19/19 | Pending | -- | -- | -- | |
| 10/09/2019 10/09/19 | For Sale | $10,000,000 | +16.3% | $278 / Sq Ft | |
| 12/19/2017 12/19/17 | Sold | $8,600,000 | -9.0% | $239 / Sq Ft | View Prior Sale |
| 08/29/2017 08/29/17 | Pending | -- | -- | -- | |
| 06/09/2017 06/09/17 | Price Changed | $9,450,000 | -4.5% | $263 / Sq Ft | |
| 05/15/2017 05/15/17 | For Sale | $9,900,000 | 0.0% | $275 / Sq Ft | |
| 04/25/2017 04/25/17 | Pending | -- | -- | -- | |
| 04/06/2017 04/06/17 | For Sale | $9,900,000 | -- | $275 / 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 | $162,988 | $10,612,080 | $6,242,400 | $4,369,680 |
| 2024 | $162,988 | $10,404,000 | $6,120,000 | $4,284,000 |
| 2023 | $152,696 | $9,697,119 | $2,312,591 | $7,384,528 |
| 2022 | $146,682 | $9,506,981 | $2,267,247 | $7,239,734 |
| 2021 | $145,186 | $9,320,571 | $2,222,792 | $7,097,779 |
| 2020 | $141,817 | $8,947,440 | $3,745,440 | $5,202,000 |
| 2019 | $136,932 | $8,772,000 | $3,672,000 | $5,100,000 |
| 2018 | $135,018 | $8,600,000 | $3,600,000 | $5,000,000 |
| 2017 | $48,187 | $2,661,622 | $1,103,598 | $1,558,024 |
| 2016 | $47,543 | $2,609,434 | $1,081,959 | $1,527,475 |
| 2015 | $46,841 | $2,570,238 | $1,065,707 | $1,504,531 |
| 2014 | $46,865 | $2,519,892 | $1,044,832 | $1,475,060 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Tyler Leeson
Seller's Agent in 2017
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
160 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22207645
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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