NOT LISTED FOR SALE

6417 Gifford Ave Bell, CA 90201

Estimated Value: $938,000 - $1,031,000

5 Beds
4 Baths
2,304 Sq Ft
$432/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $765,000 $332 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,316/month

6 Days on Market

About This Home

As of August 2020

Presenting 4 single level apartment units with excellent in place rents, including many recent capital improvements. Additionally, there is a RUBS program implemented which allows for the owner to offset utility expenses and maximize the income. At a 5.9% cap rate and 10.8 GIM on current income, this makes for an excellent buy.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 07/03/2020

Remax Commercial and Investment Realty

Last Buyer's Agent

Manny Rondon

License #AR015139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,900 Sq Ft Lot

Interior Spaces

  • 2,304 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Community Details

  • 4 Units
  • Vacancy Allowance $2,131

Listing and Financial Details

  • Assessor Parcel Number 6325-002-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2304
  • Lot Acreage: 0.1125
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 332.03

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Parking Space
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 48.99
  • Assessed Improvement Value: 162956
  • Assessed Land Percent: 51.01
  • Assessed Land Value: 169684
  • Total Assessed Value: 332640
  • Assessor Parcel Number: 6325-002-025
  • Geocode Override: No
  • Lot Size Area: 4900

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.06
  • Number Of Units: 4
  • Type Of Units: Multi-Family
  • Vacancy Allow: 2131
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Chung Charles and Yermilov Irina
Bought by
Charles Chung And Irina Yermilov Revocable Tr and Chung
Current Estimated Value
$996,106

Purchase Details

Listed on
Jul 3, 2020
Closed on
Aug 4, 2020
Sold by
Chartwell Manor Llc
Bought by
Chung Charles and Yermilov Irina
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Manny Rondon
List Price
$765,000
Sold Price
$765,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$573,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2019
Sold by
Bakshi Michael
Bought by
Chartwell Manor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 2, 2018
Closed on
Jun 7, 2018
Sold by
Bakhshi Lucila Garcia
Bought by
Bakhshi Michael
Seller's Agent
Ausencio (Carlo Cortez
The Real Estate Solution
Buyer's Agent
Victor Ambriz Jr
Keller Williams SELA
List Price
$699,900
Sold Price
$525,000
Premium/Discount to List
-$174,900
-24.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$420,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2018
Closed on
Jun 6, 2018
Sold by
Cortez Esther
Bought by
Bakhshi Michael
Seller's Agent
Ausencio (Carlo Cortez
The Real Estate Solution
Buyer's Agent
Victor Ambriz Jr
Keller Williams SELA
List Price
$699,900
Sold Price
$525,000
Premium/Discount to List
-$174,900
-24.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2013
Sold by
Aguilar Miguel Angel and Cortez Esther
Bought by
Cortez Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2002
Sold by
Aguilar Miguel Angel and Aguino Maria Elena Aguilar
Bought by
Aguilar Miguel Angel and Cortez Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,200
Interest Rate
5.86%

Purchase Details

Closed on
Jul 6, 1999
Sold by
Southwest Pacifci Properties
Bought by
Aguilar Miguel Angel and Aguilar Medardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.4%

Purchase Details

Closed on
Apr 2, 1998
Sold by
Donoso Inv Co Inc
Bought by
Southwest Pacific Properties
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Charles Chung And Irina Yermilov Revocable Tr -- First American Title Company O
Chung Charles $765,000 Chicago Title
Chartwell Manor Llc $690,000 Fidelity National Title
Bakhshi Michael -- Old Republic Title Company
Bakhshi Michael $525,000 Old Republic Title Company
Cortez Esther -- Old Republic Title Company
Aguilar Miguel Angel -- First American Title Ins Co
Aguilar Miguel Angel $190,000 --
Southwest Pacific Properties $109,177 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chung Charles $573,750
Previous Owner Chartwell Manor Llc $483,000
Previous Owner Bakhshi Michael $420,000
Previous Owner Cortez Esther $130,000
Previous Owner Aguilar Miguel Angel $166,200
Previous Owner Aguilar Miguel Angel $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2020 08/17/20 Sold $765,000 0.0% $332 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $765,000 +45.7% $332 / Sq Ft
06/14/2018 06/14/18 Sold $525,000 -25.0% $228 / Sq Ft View Prior Sale
05/24/2018 05/24/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $699,900 -- $304 / Sq Ft
Source: The MLS

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 $13,161 $828,059 $373,438 $454,621
2024 $13,161 $811,823 $366,116 $445,707
2023 $12,925 $795,906 $358,938 $436,968
2022 $12,421 $780,300 $351,900 $428,400
2021 $12,297 $765,000 $345,000 $420,000
2020 $11,570 $704,120 $386,580 $317,540
2019 $8,945 $535,820 $372,300 $163,520
2018 $6,069 $339,612 $173,077 $166,535
2016 $5,947 $326,118 $166,357 $159,761
2015 $5,852 $321,221 $163,859 $157,362
2014 $5,840 $314,930 $160,650 $154,280
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Petrosian

    Seller's Agent in 2020

    Nicholas Petrosian

    RE/MAX

    (949) 607-7096

    5 in this area

    50 Total Sales

    Nicholas Petrosian
    Section Image

  • M

    Buyer's Agent in 2020

    Manny Rondon

  • C

    Buyer's Agent in 2020

    Charles Chung

  • A

    Seller's Agent in 2018

    Ausencio (Carlo Cortez

    The Real Estate Solution

    Section Image

  • V

    Buyer's Agent in 2018

    Victor Ambriz Jr

    Keller Williams SELA

    (562) 842-7248

    3 in this area

    25 Total Sales

    Victor Ambriz Jr
    Section Image
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Map

Source: The MLS

MLS Number: 20-599320

The MLS

APN: 6325-002-025

California Los Angeles County Bell 90201

6417 Gifford Ave, Bell, CA

Not Listed for Sale

MultiFamily

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