$1,350,000
SOLD DEC 13, 2024

6620 Crafton Ave Bell, CA 90201

5 Beds
5 Baths
3,040 Sq Ft
10,006 Sq Ft Lot

Recently Sold

$444 Per Sq Ft

4% Below List Price

50 Days on Market

Highlights

  • Traditional Architecture
  • Quartz Countertops
  • No HOA
  • Bell High School Rated A-
  • Private Yard
  • 4-minute walk to Veterans' Memorial Park

About This Home

As of December 2024

An amazing 5-unit, fully-renovated multi-family property in Bell. There are five 1 bedroom, 1 bathroom units. ALL five units have been upgraded with new flooring, windows, plumbing, fixtures and ductless split system HVAC units. There is new exterior paint and new white picket fence too. The complex features 5 parking garages, and 2 surface tandem parking spaces.

There is also potential to add an ADU in the existing garage area. Plans for an ADU have been completed and will be turned over to the new owner. Buyer will have to verify and update plans.

Last Agent to Sell the Property

Bill Mulkey

TR Wealth Management Inc. Brokerage Phone: 310-919-7554 License #00986020 Listed on: 08/28/2024

Last Buyer's Agent

JUAN COVARRUBIAS

UNITED CAPITAL REALTY License #01227114

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 10,006 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Vinyl Fence
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Detached Carport Space
  • Parking Available
  • Driveway

Home Design

  • Traditional Architecture
  • Apartment
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,040 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Awning
  • Living Room
  • Vinyl Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Quartz Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • 220 Volts in Kitchen
  • Tankless Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 2
  • Tax Tract Number 14582
  • Assessor Parcel Number 6327028006
  • $516 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,432
  • Maintenance Expense $3,354
  • Trash Expense $1,855
  • Water Sewer Expense $2,539
  • New Taxes Expense $21,587
  • Operating Expense $32,367
  • Gross Income $9,605
  • Net Operating Income $79,435

Property Details

Home Type

Multi-Family

Year Built

Built in 1948 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.80
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2539.00
  • Zoning: BLR3YY
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6327028006
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Interior Amenities: Copper Plumbing Partial, Quartz Counters
  • Stories: 2
  • Entry Location: front & Back
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 444.08
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Exterior Features: Awning(s), Lighting
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Detached Carport, Driveway
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop, Range Hood, Tankless Water Heater, Water Heater
  • Electric: 220 Volts in Kitchen, Standard
  • Heating Type: Ductless
  • Sewer: Public Sewer
  • Trash Expense: 1855.00
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Rectangular Lot, Yard
  • Lot Size Sq Ft: 10006.00
  • Lot Size Acres: 0.2297

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 9605.00
  • Gross Multiplier: 11.90
  • Gross Operating Income: 111802.00
  • Gross Scheduled Income: 115260.00
  • Gross Spendable Income: 20080.00
  • Insurance Expense: 2432.00
  • Lot Size Area: 10006.0000 Square Feet
  • Maintenance Expense: 3354.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 79435.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number Wall A C: 5
  • Operating Expense: 32367.00
  • Operating Expense Percent: 28.00
  • Rent Control: Yes
  • Total Expenses: 32367.00
  • Vacancy Allowance: 3458
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21587.00
  • Tax Block: 2
  • Tax Census Tract: 5338.05
  • Tax Lot: 2
  • Tax Tract Number: 14582
  • TaxOtherAnnualAssessmentAmount: 516.00

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $1,350,000 -1.8% $444 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
09/20/2024 09/20/24 Price Changed $1,375,000 -1.8% $452 / Sq Ft
08/28/2024 08/28/24 For Sale $1,400,000 -- $461 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24178267

California Regional Multiple Listing Service (CRMLS)