NOT LISTED FOR SALE

7029 Walker Ave Bell, CA 90201

Estimated Value: $1,689,000 - $1,817,640

10 Beds
6 Baths
4,159 Sq Ft
$422/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $1,200,000 $289 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $11,092/month

26 Days on Market

Highlights

  • 0.3 Acre Lot
  • Laundry Room
  • Paved or Partially Paved Lot
  • Wooded Lot
  • Central Heating

About This Home

As of June 2019

7029 Walker Ave is a fantastic business opportunity! Located near the 710 freeway and a short distance away from Downtown LA, the demand for these 5 units should always be high. This one story complex consists of five 2 bedroom units, each with their own garage space. Projected annual rent is just shy of $95,000. Units are in good condition and are fully occupied at the moment.

Last Agent to Sell the Property

Charles Chacon

Keller Williams Realty License #00800790 Listed on: 04/24/2019

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Wooded Lot

Parking

  • 7 Car Garage

Home Design

  • 4,159 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6327026016

Community Details

Overview

  • 5 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,437
  • Trash Expense $1,320
  • Water Sewer Expense $3,600
  • New Taxes Expense $4,610
  • Operating Expense $16,347
  • Gross Income $46,500
  • Net Operating Income $30,153

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: BLR3YY
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6327026016
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 288.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Treed Lot
  • Lot Size Sq Ft: 13050.00
  • Lot Size Acres: 0.2996

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46500.00
  • Gross Scheduled Income: 46500.00
  • Insurance Expense: 1437.00
  • Lot Size Area: 13050.0000 Square Feet
  • Net Operating Income: 30153.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 16347.00
  • Rent Control: No
  • Total Actual Rent: 3875.00
  • Total Expenses: 16347.00

Tax Info

  • New Taxes Expense: 4610.00
  • Tax Census Tract: 5338.05
  • Tax Lot: 0000
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
May 22, 2019
Sold by
Gaitan Chumacero Juan Manuel and Gaitan Chumacero Lourdes
Bought by
Slevkov John and Slevkov Fenia
Seller's Agent
Charles Chacon
Keller Williams Realty
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$1,753,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,320
Avg. Annual Appreciation
6.00%

Purchase Details

Closed on
Nov 2, 2013
Sold by
Aguilar Cristina and Chumacero Juan Manuel
Bought by
Aguilar Cristina and Chumacero Juan Manuel

Purchase Details

Closed on
Nov 10, 2009
Sold by
Elias T Galindo Trust
Bought by
Aguilar Federico and Aguilar Cristina
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Slevkov John $1,200,000 First American Title Company
Aguilar Cristina -- None Available
Aguilar Federico $330,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2019 06/20/19 Sold $1,200,000 0.0% $289 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $1,200,000 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $22,538 $1,338,619 $736,241 $602,378
2024 $21,213 $1,312,372 $721,805 $590,567
2023 $20,837 $1,286,640 $707,652 $578,988
2022 $19,918 $1,261,413 $693,777 $567,636
2021 $19,705 $1,236,680 $680,174 $556,506
2020 $19,582 $1,224,000 $673,200 $550,800
2019 $9,273 $532,545 $209,255 $323,290
2018 $8,583 $522,103 $205,152 $316,951
2016 $8,426 $501,832 $197,187 $304,645
2015 $8,299 $494,295 $194,226 $300,069
2014 $7,796 $452,162 $178,122 $274,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19088363

California Regional Multiple Listing Service (CRMLS)

APN: 6327-026-016