NOT LISTED FOR SALE

7031 Chanslor Ave Cudahy, CA 90201

Estimated Value: $689,000 - $790,000

3 Beds
4 Baths
1,982 Sq Ft
$374/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $570,000 $288 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,973/month

19 Days on Market

Highlights

  • 0.27 Acre Lot
  • Bell High School Rated A-
  • 1-Story Property

About This Home

As of October 2023

***THE SUBJECT PROPERTY WAS SOLD TOGETHER WITH THE ADJACENT 6 UNITS FOR A TOTAL PURCHASE PRICE OF $1,725,000*** 7031 Chanslor Avenue is a 3-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features one three-bedroom unit and two one-bedroom units sitting on a large 11,693 square foot lot. Parking includes garage and open spaces and the building is separately metered for gas and electricity. All new roofs have been installed. There is a significant amount of upside in the rental income. The subject property is an excellent investment opportunity because of it's great location and substantial amount of rental upside. BUYER TO VERIFY NUMBER OF UNITS, UNIT MIX AND SQUARE FOOTAGE WITH THE CITY OF BELL. DRIVE BY ONLY. DO NOT CONTACT TENANTS. **SALES PRICE IN LISTING DOES NOT REFLECT ACTUAL SALES PRICE. Property was sold with adjacent parcel (APN: 6327-035-012) which includes 6 units for a total purchase price of $1,725,000**

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 07/28/2023

Remax Commercial and Investment Realty

Last Buyer's Agent

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 07/28/2023

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,264

Year Built

  • Built in 1936

Lot Details

  • 0.27

Parking

  • 5 Parking Spaces

Interior Spaces

  • 1,982 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • 0.27 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6327-035-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,264

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1982
  • Lot Acreage: 0.2684
  • Stories: 1
  • Year Built: 1936
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 343.09

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car, Garage - 2 Car
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 25.60
  • Assessed Improvement Value: 168187
  • Assessed Land Percent: 74.4
  • Assessed Land Value: 488797
  • Total Assessed Value: 656984
  • Assessor Parcel Number: 6327-035-011
  • Lot Size Area: 11693

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.52
  • Number Of Units: 3
  • Total Annual Expense: 19671
  • Type Of Units: Multifamily
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Oct 23, 2023
Sold by
Self Markus and Self Lucy
Bought by
Ragnar Anchorage Llc
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
List Price
$680,000
Sold Price
$570,000
Premium/Discount to List
-$110,000
-16.18%
Views
104
Current Estimated Value
$741,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,667
Avg. Annual Appreciation
18.39%
Original Mortgage
$172,500
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2019
Sold by
Self Markus and Self Lucy
Bought by
Self Markus and Self Lucy

Purchase Details

Closed on
Feb 15, 2019
Sold by
Ditch George T and Ditch Vivian P
Bought by
Self Markus and Self Lucy
Source: Public Records

Range of Values:

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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
Ragnar Anchorage Llc $1,725,000 Chicago Title
Self Markus -- None Available
Self Markus $377,500 Wfg National Co Of Californi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ragnar Anchorage Llc $1,672,000
Closed Ragnar Anchorage Llc $172,500
Closed Ragnar Anchorage Llc $1,121,250
Previous Owner Deitch George T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $570,000 -16.2% $288 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $680,000 -- $343 / Sq Ft
Source: The MLS

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 $11,264 $703,800 $510,000 $193,800
2024 $11,264 $690,000 $500,000 $190,000
2023 $10,970 $670,122 $498,572 $171,550
2022 $10,545 $656,984 $488,797 $168,187
2021 $10,440 $644,103 $479,213 $164,890
2019 $2,048 $65,574 $28,980 $36,594
2018 $1,827 $64,300 $28,412 $35,888
2016 $1,797 $61,247 $27,309 $33,938
2015 $1,728 $60,328 $26,899 $33,429
2014 $1,744 $59,148 $26,373 $32,775
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Petrosian

    Seller's Agent in 2023

    Nicholas Petrosian

    RE/MAX

    (949) 607-7096

    5 in this area

    49 Total Sales

    Nicholas Petrosian
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Map

Source: The MLS

MLS Number: 23-295259

The MLS

APN: 6327-035-011

California Los Angeles County Cudahy 90201

7031 Chanslor Ave, Cudahy, CA

This home is located at 7031 Chanslor Ave, Cudahy, CA 90201 since 28 July 2023 and is currently estimated at $741,667, approximately $374 per square foot. This property was built in 1936. 7031 Chanslor Ave is a home located in Los Angeles County with nearby schools including Bell High School, Maywood Academy High School, and Legacy High School Complex.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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