Seller's Agent in 2021
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
122 Total Sales
Estimated Value: $1,179,000 - $1,295,729
5
Beds
5
Baths
2,980
Sq Ft
$415/Sq Ft
Est. Value
About This Home
As of July 2021We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of Bell. The subject property has been owned by the same investor for a number of years and has been well maintained. The unit mix is comprised of all 1 Bedroom/1 Bathroom units which are spread amongst two separate buildings. Tenants enjoy onsite garage & open space parking, as well as an onsite laundry facility. All units are separately metered for electricity and gas, while the owner pays for water and trash. Current rents are at modest rates with plenty of room for a new investor to take advantage of the opportunity to complete capital improvements and move the rents to market.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 04/06/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 7,825 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Open Parking Spaces
- 4 Car Garage
Home Design
- 2,980 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 23 / D
- Tax Tract Number 15
- Assessor Parcel Number 6325010015
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,098
- Fuel Expense $325
- Insurance Expense $1,192
- Maintenance Expense $2,500
- Other Expense $750
- Trash Expense $1,932
- Water Sewer Expense $4,800
- New Taxes Expense $12,301
- Operating Expense $24,898
- Gross Income $76,020
- Net Operating Income $48,841
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 7, 2016
Sold by
Galicia Peter A and Galicia Nora E
Bought by
Peter A Galicia & Nora E Galicia Living
Current Estimated Value
Purchase Details
Closed on
Dec 2, 2010
Sold by
Ramirez Thomas and Ramirez Martha C
Bought by
Galicia Peter and Galicia Nora
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$149,658
Interest Rate
4.43%
Mortgage Type
Commercial
Estimated Equity
$1,087,707
Purchase Details
Closed on
Dec 27, 2005
Sold by
Pasinato James D
Bought by
Pasinato Yvonne L and Wec Capital Group Llc
Purchase Details
Closed on
Dec 1, 2005
Sold by
Wec Capital Group Llc
Bought by
Ramirez Thomas and Ramirez Martha C
Purchase Details
Closed on
Oct 14, 2005
Sold by
Catron William H and Catron Elvia H
Bought by
Wec Capital Group Llc
Purchase Details
Closed on
Jun 6, 1994
Sold by
Catron William H and Catron Elvia H
Bought by
Catron William H and Catron Elvia H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peter A Galicia & Nora E Galicia Living | -- | None Available | |
| Galicia Peter | $460,000 | Lawyers Title | |
| Pasinato Yvonne L | -- | Southland Title | |
| Catrons Mark A | -- | Southland Title | |
| Ramos Joseph R | -- | None Available | |
| Ramirez Thomas | $525,000 | Southland Title | |
| Wec Capital Group Llc | -- | -- | |
| Catron William H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Galicia Peter | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2021 07/02/21 | Sold | $1,080,000 | +2.9% | $362 / Sq Ft |
| 04/24/2021 04/24/21 | Pending | -- | -- | -- |
| 04/06/2021 04/06/21 | For Sale | $1,050,000 | -- | $352 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $18,683 | $1,146,104 | $689,785 | $456,319 |
| 2024 | $17,839 | $1,123,632 | $676,260 | $447,372 |
| 2023 | $17,522 | $1,101,600 | $663,000 | $438,600 |
| 2022 | $16,836 | $1,080,000 | $650,000 | $430,000 |
| 2021 | $9,239 | $544,453 | $355,078 | $189,375 |
| 2020 | $9,277 | $538,972 | $351,438 | $187,534 |
| 2019 | $8,979 | $528,407 | $344,548 | $183,859 |
| 2018 | $8,789 | $518,049 | $337,793 | $180,256 |
| 2016 | $8,602 | $497,838 | $324,677 | $173,161 |
| 2015 | $8,475 | $490,361 | $319,801 | $170,560 |
| 2014 | $8,466 | $480,756 | $313,537 | $167,219 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21071295
APN: 6325-010-015
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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