Seller's Agent in 2018
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
127 Total Sales
Estimated Value: $1,142,000 - $1,345,454
3
Beds
5
Baths
2,085
Sq Ft
$597/Sq Ft
Est. Value
About This Home
As of June 2018We are pleased to offer for sale this 5 Unit multi-family investment located in the city of Bell. The subject property is comprised of all single story residential units spread amongst 3 separate buildings. The front structure is a duplex style building with 2(1Bed/1Bath) units. The second building is a stand alone cottage style unit which is a 1Bed/1Bath unit. The last structure to the rear consists of 2 studio units of which were recently renovated with new cabinetry, flooring and fixtures. Tenants enjoy garage parking (5 garages) as well as gated private entry. All units are separately metered for electricity and gas, with the exception of the last 2 units which are mastered metered. Some units have interior washer/dryer hookups. Additionally, the plumbing has been partially upgraded to copper, and a portion of the windows have been upgraded to vinyl. With the current rental rates in place the subject property offers a 5.75% CAP RATE and a significant cash-on-cash return for the next investor.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 05/08/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 8,070 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
Home Design
- Property Attached
Interior Spaces
- 2,085 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 008
- Tax Tract Number 8
- Assessor Parcel Number 6325008008
Community Details
Overview
- 3 Buildings
- 5 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $540
- Fuel Expense $300
- Insurance Expense $835
- Maintenance Expense $2,500
- Other Expense $500
- Trash Expense $1,200
- Water Sewer Expense $2,400
- New Taxes Expense $12,374
- Operating Expense $20,649
- Gross Income $70,800
- Net Operating Income $48,027
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2018
Closed on
Jun 13, 2018
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$835,000
Sold Price
$838,000
Premium/Discount to List
$3,000
0.36%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,727
Avg. Annual Appreciation
5.05%
Purchase Details
Listed on
May 8, 2018
Closed on
Jun 4, 2018
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$835,000
Sold Price
$838,000
Premium/Discount to List
$3,000
0.36%
Purchase Details
Listed on
Nov 1, 2017
Closed on
Nov 7, 2017
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$698,500
Sold Price
$698,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.10%
Purchase Details
Closed on
Jan 21, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 9, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.06%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 3, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.06%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 30, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Fidelity Title Company | ||
| $838,000 | Fidelity National Title Comp | ||
| $698,500 | Fidelity Title Company | ||
| $385,000 | Fidelity Long Beach | ||
| -- | Fidelity | ||
| $240,000 | Fidelity | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $304,000 | ||
| Previous Owner | $150,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/14/2018 06/14/18 | Sold | $838,000 | +0.4% | $402 / Sq Ft | |
| 06/01/2018 06/01/18 | Pending | -- | -- | -- | |
| 05/08/2018 05/08/18 | For Sale | $835,000 | +19.5% | $400 / Sq Ft | |
| 11/30/2017 11/30/17 | Sold | $698,500 | 0.0% | $335 / Sq Ft | View Prior Sale |
| 11/03/2017 11/03/17 | Pending | -- | -- | -- | |
| 11/01/2017 11/01/17 | For Sale | $698,500 | -- | $335 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,124 | $953,497 | $466,508 | $486,989 |
| 2024 | $15,342 | $934,802 | $457,361 | $477,441 |
| 2023 | $15,072 | $916,474 | $448,394 | $468,080 |
| 2022 | $14,495 | $898,504 | $439,602 | $458,902 |
| 2021 | $14,357 | $880,887 | $430,983 | $449,904 |
| 2020 | $14,434 | $871,855 | $426,564 | $445,291 |
| 2019 | $13,952 | $854,960 | $418,200 | $436,760 |
| 2018 | $11,711 | $698,700 | $400,000 | $298,700 |
| 2017 | $8,389 | $471,638 | $240,108 | $231,530 |
| 2016 | $8,336 | $462,391 | $235,400 | $226,991 |
| 2015 | $8,209 | $455,447 | $231,865 | $223,582 |
| 2014 | $6,073 | $308,000 | $190,000 | $118,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV18107597
APN: 6325-008-008
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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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