J
Seller's Agent in 2023
Jackson Jorgensen
Younglewin Advisors, Inc.
(562) 318-0215
1 in this area
14 Total Sales
11
Beds
9
Baths
6,444
Sq Ft
8,662
Sq Ft Lot
About This Home
As of July 2023We 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
Younglewin Advisors, Inc. License #02022727 Listed on: 05/24/2023
Last Buyer's Agent
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
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $31,104 | $1,963,500 | $943,500 | $1,020,000 |
| 2024 | $31,104 | $1,925,000 | $925,000 | $1,000,000 |
| 2023 | $5,995 | $208,327 | $34,851 | $173,476 |
| 2022 | $5,837 | $204,243 | $34,168 | $170,075 |
| 2021 | $5,744 | $200,240 | $33,499 | $166,741 |
| 2019 | $5,614 | $194,303 | $32,506 | $161,797 |
| 2018 | $5,399 | $190,494 | $31,869 | $158,625 |
| 2016 | $5,163 | $183,099 | $30,633 | $152,466 |
| 2015 | $5,092 | $180,349 | $30,173 | $150,176 |
| 2014 | $5,116 | $176,817 | $29,582 | $147,235 |
Source: Public Records
Agents Affiliated with this Home
-
Jackson Jorgensen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23091046
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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