NOT LISTED FOR SALE

7101 Chanslor Ave Bell, CA 90201

-- Bed
-- Bath
2,962 Sq Ft
0.27 Acres

Last Sold October 27, 2023

Last sale price $1,155,000 $390 Per Sq Ft

19 Days on Market

About This Home

As of October 2023

***THE SUBJECT PROPERTY MUST BE SOLD WITH THE ADJACENT 3 UNITS FOR SALE AT 7031 CHANSLOR AVENUE WHICH IS LISTED IN THE MLS*** 7101 Chanslor Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features one three-bedroom unit, one two-bedroom unit, and four one-bedroom units sitting on a large 11,903 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: 6327-035-011) which includes 3 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

Year Built

  • Built in 1945

Lot Details

  • 0.27

Interior Spaces

  • 2,962 Sq Ft Home
  • 1-Story Property

Parking

  • 1 Car Garage
  • Uncovered Parking

Additional Features

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

Community Details

  • 5 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6327-035-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2962
  • Lot Acreage: 0.2733
  • Stories: 1
  • Year Built: 1945
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 462.53

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car, Uncovered

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 34.03
  • Assessed Improvement Value: 257537
  • Assessed Land Percent: 65.97
  • Assessed Land Value: 499309
  • Total Assessed Value: 756846
  • Assessor Parcel Number: 6327-035-012
  • Lot Size Area: 11903

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.71
  • Number Of Units: 6
  • Type Of Units: Multi-Family

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $1,155,000 -15.7% $390 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,370,000 -- $463 / 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 $16,673 $1,055,700 $510,000 $545,700
2024 $16,673 $1,035,000 $500,000 $535,000
2023 $12,830 $771,982 $509,295 $262,687
2022 $12,346 $756,846 $499,309 $257,537
2021 $12,224 $742,007 $489,519 $252,488
2019 $2,572 $74,670 $28,980 $45,690
2018 $2,364 $73,207 $28,412 $44,795
2016 $2,241 $70,365 $27,309 $43,056
2015 $2,218 $69,309 $26,899 $42,410
2014 $2,253 $67,953 $26,373 $41,580
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: 23-295223

The MLS
California Los Angeles County Bell 90201

7101 Chanslor Ave, Bell, CA

Not Listed for Sale

MultiFamily

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