NOT LISTED FOR SALE

6636 Otis Ave Bell, CA 90201

11 Beds
9 Baths
6,444 Sq Ft
8,662 Sq Ft Lot

Last Sold July 20, 2023

Last sale price $1,925,000 $299 Per Sq Ft

6 Days on Market

About This Home

As of July 2023

We are pleased to present 6636 Otis Ave to market, a 9 unit multifamily constructed in 1958 in the city of Bell. Otis Ave consists of seven 1 bed/1 bath units and two 2 bed/1 bath units. All units are separately metered for gas and electric and comes with communal laundry on site The property offers 12 parking spaces for tenants including two garage spaces in the rear. Rents are currently about 30% below market rate, allowing upside in rental income for a new buyer. The rear of the property has two garage spaces that could also be converted into an ADU (buyer to confirm).

Last Agent to Sell the Property

Jackson Jorgensen

Younglewin Advisors, Inc. License #02022727 Listed on: 05/24/2023

Last Buyer's Agent

Jackson Jorgensen

Younglewin Advisors, Inc. License #02022727 Listed on: 05/24/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,303

Year Built

  • Built in 1958

Lot Details

  • 8,662 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,444 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 25 / D
  • Tax Tract Number 1
  • Assessor Parcel Number 6325011005
  • $24,303 per year additional tax assessments

Community Details

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $600
  • Insurance Expense $4,500
  • Professional Management Expense $6,765
  • Trash Expense $2,500
  • Water Sewer Expense $10,000
  • Operating Expense $58,148
  • Gross Income $135,300
  • Net Operating Income $73,093

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,303

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 6765.00
  • Property Attached: Yes
  • Water Sewer Expenses: 10000.00
  • Zoning: BLR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6325011005
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 298.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 8662.00
  • Lot Size Acres: 0.1989

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 600.00
  • Gross Income: 135300.00
  • Gross Scheduled Income: 135300.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 8662.0000 Square Feet
  • Net Operating Income: 73093.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 58148.00
  • Rent Control: No
  • Total Expenses: 58148.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5336.02
  • Taxes Percent: 1.43
  • Tax Lot: 25
  • Tax Tract Number: 1
  • Tax Annual Amount: 24303.00
  • TaxOtherAnnualAssessmentAmount: 24303.00

Range of Values:

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Value Increase
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Percent Increase
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Sold Price
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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 List to Sale Price per Sq Ft
07/20/2023 07/20/23 Sold $1,925,000 +13.2% $299 / Sq Ft
05/24/2023 05/24/23 For Sale $1,700,000 -- $264 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jackson Jorgensen

    Younglewin Advisors, Inc.

    (562) 318-0215

    1 in this area

    14 Total Sales

    Jackson Jorgensen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23091046

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Bell 90201

6636 Otis Ave, Bell, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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