Seller's Agent in 2024
Bill Mulkey
TR Wealth Management Inc.
(310) 919-7554
2 in this area
15 Total Sales
14
Beds
9
Baths
7,194
Sq Ft
0.38
Acres
Highlights
- No Units Above
- 0.38 Acre Lot
- No HOA
- Bell High School Rated A-
- Quartz Countertops
- Recessed Lighting
About This Home
As of October 2024An amazing 7-unit, multi-family property in Bell, with large units, five structures all spread out on a huge lot. The unit mix includes three 2 bedroom, 1 bathroom units as well as two 2 bedroom, 2 bathroom units and one 3 bedroom, 1 bathroom house single story built in 1947. There is also a brand new, 1 bedroom, 1 bathroom ADU. The 2 bedroom 2 bathroom plus laundry room which is the front house was built in 1936, while the other five units were constructed in 1990 (and the ADU is brand new). The complex features 2 two car garages, 3 one car garages and several surface parking spots. Owners have paid for 3 new roofs on the Townhome units within the last 2-2.5 years. Owners also purchased new laundry equipment which is about 12 months old and is included in purchase.
Owners delivering near a 6% cap rate with another 2 units recently rented and renovated, so very profitable and financing is available with 40%-
50% down payment at 6.0% Fixed rate for 5 years with 30 year amortization.
Three of the six original units have been completely modernized and owners delivering 2 more units ( mentioned above). Renovations include; new bathrooms & kitchens & counters with completely new paint light fixtures new vinyl plank floors, copper-plumbing, fixtures and HVAC. The new ADU is a standalone structure ( garage conversion) and has been completed and approved with certificate of occupancy from the city.
ADU square footage does not yet show in public records. Unit square footages listed are averages only. Buyer must confirm all unit types, counts, and square footage dimensions.
Last Agent to Sell the Property
TR Wealth Management Inc. Brokerage Phone: 310-919-7554 License #00986020 Listed on: 08/31/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947 | Remodeled
Lot Details
- 0.38 Acre Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Density is 16-20 Units/Acre
Parking
- 10 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Two Garage Doors
Home Design
- Property Attached
- Additions or Alterations
- Shingle Roof
- Stucco
Interior Spaces
- 7,194 Sq Ft Home
- 2-Story Property
- Recessed Lighting
- Vinyl Flooring
- Quartz Countertops
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 9 Bathrooms
Additional Features
- Accessible Parking
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 12
- Tax Tract Number 2658
- Assessor Parcel Number 6326011013
- $1,728 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Electric Expense $368
- Gardener Expense $1,200
- Insurance Expense $5,396
- Maintenance Expense $4,211
- Other Expense $483
- Pest Control $700
- Professional Management Expense $11,049
- Trash Expense $1,000
- Water Sewer Expense $3,700
- New Taxes Expense $32,513
- Operating Expense $60,137
- Gross Income $207,105
- Net Operating Income $140,754
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2024 10/23/24 | Sold | $2,435,000 | -1.6% | $338 / Sq Ft |
| 08/31/2024 08/31/24 | Pending | -- | -- | -- |
| 08/31/2024 08/31/24 | For Sale | $2,475,000 | +73.7% | $344 / Sq Ft |
| 08/24/2020 08/24/20 | Sold | $1,425,000 | -1.7% | $226 / Sq Ft |
| 06/10/2020 06/10/20 | Pending | -- | -- | -- |
| 03/13/2020 03/13/20 | For Sale | $1,450,000 | -- | $230 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Bill Mulkey
-
EZEQUIEL ACEVES
Buyer's Agent in 2024
EZEQUIEL ACEVES
GUY HOCKER REALTORS
(310) 951-8679
1 in this area
28 Total Sales
-
Steve Bogoyevac
S
Seller's Agent in 2020
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
1 in this area
94 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24181058
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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