Ramon Sanchez
Century 21 Allstars
(562) 684-6070
169 Total Sales
1 in Bell
$750,000 Price
5
Beds
--
Baths
35,970
Sq Ft
1.52
Acre Lot
Highlights
- 1.52 Acre Lot
- Laundry Facilities
- 5-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
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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
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
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
Dec 7, 2022
Sold by
6317 Flora Ave Llc
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
$8,889,958
Interest Rate
6.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2019
Sold by
Roselli Charles B
Bought by
6317 Flora Ave Llc
Purchase Details
Closed on
Sep 15, 2017
Sold by
Tobias Reynaldo and Tobias Isolina Elia
Bought by
Roselli Charles B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,590,000
Interest Rate
3.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 19, 2012
Sold by
Tobias Reynaldo and Tobias Isolina Elia
Bought by
Tobias Reynaldo and Tobias Isolina Elia
Purchase Details
Closed on
May 21, 2007
Sold by
Tobias Reynaldo and Tobias Isolina Elia
Bought by
Tobias Reynaldo and Tobias Isolina Elia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 25, 2002
Sold by
Tobias Reynaldo and Tobias Isolina Elia
Bought by
Tobias Reynaldo and Tobias Isolina Elia
Purchase Details
Closed on
Jul 19, 2000
Sold by
Fdk Enterprises Lp
Bought by
Tobias Reynaldo and Tobias Isolina E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
8.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 7, 2000
Sold by
Metten Gloria R
Bought by
Fdk Enterprises Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
8.37%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bell, CA
-
Ramon Sanchez
-
Darlene Stinson
Darlene Stinson
Responds QuicklyT.N.G. Real Estate Consultants
(949) 596-7658
52 Total Sales
2 in Bell
$626,000 Price Range
-
Scott Underwood
Scott Underwood
Meadowbrook Realty
(424) 785-0908
26 Total Sales
1 in Bell
$820,000 Price
-
Noemy Arellano
Noemy Arellano
Vida Realty
(657) 216-9210
73 Total Sales
1 in Bell
$963,000 Price
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
260 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
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 |
|---|---|---|---|
| $10,200,000 | Ticor Title | ||
| 6317 Flora Ave Llc | $3,846,000 | Ticor Title | |
| Roselli Charles B | $8,600,000 | Ticor Title | |
| Tobias Reynaldo | -- | Fidelity National Title Co | |
| Tobias Reynaldo | -- | Commonwealth Land Title Co | |
| Tobias Reynaldo | -- | -- | |
| Tobias Reynaldo | $2,050,000 | First American | |
| Fdk Enterprises Lp | -- | First American |
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 |
|---|---|---|---|
| Open | $11,025,000 | ||
| Closed | Ama Flora Llc | $9,200,000 | |
| Previous Owner | Ama Flora Llc | $8,889,958 | |
| Previous Owner | Roselli Charles B | $5,590,000 | |
| Previous Owner | Tobias Reynaldo | $4,445,000 | |
| Previous Owner | Tobias Reynaldo | $3,000,000 | |
| Previous Owner | Tobias Reynaldo | $1,537,500 |
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 | 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
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 | $170,629 | $10,824,321 | $6,367,248 | $4,457,073 |
| 2025 | $170,629 | $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
SB
Seller's Agent in 2023
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(424) 405-3826
76 Total Sales
-
Tyler Leeson
Seller's Agent in 2017
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
172 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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