Seller's Agent in 2021
Bill Mulkey
TR Wealth Management Inc.
(310) 919-7554
1 in this area
16 Total Sales
7751 Scout Ave Bell Gardens, CA 90201
Estimated Value: $1,544,000 - $1,721,509
8
Beds
5
Baths
3,434
Sq Ft
$475/Sq Ft
Est. Value
Highlights
- Stone Countertops
- Bay Window
- No Interior Steps
- No HOA
- Laundry Room
- Bungalow
About This Home
As of April 2021The three detached 2/1 homes & 1/1 duplex offers amenities such as washer & dryer hookups & greenspace. Three of the units have been outstanding remodels new windows kitchen cabinets etc. The property offers cash flow at asking price on actual numbers & has upside too! Sellers have issued 30-day rent increases to tenants effective 4/24/2021. Achieve over a 5% cap rate w/Market rents. Owners are 1031 exchanging and want a solid buyer who can demonstrate they can close and show proof of funds and pre-qualification letter with schedule of real estate they own. Property has open parking in front and rear. Approx. 8 spaces. New upgraded electrical panel with permits for $30,000. There is space for an ADU too, buyer to confirm.
Location Overview:
Bell Gardens is in zip code 90201 and is east of the 710 & Firestone exit near Downey. There is a large park nearby on Ira Ave. and many businesses in the area.
Property Highlights:
> Property is over 4.5% cap rate 13.2 GRM
> Market Rents projection for 5.5% cap rate & only 12.25 GRM
> 5 units 3 2/1 homes detached with privacy & greenspace 2 1/1 duplex
> Remodeled with washer & dryer hookups, 3 units with new kitchen cabinets, quartz counters, faux wood blinds, new paint, & recessed lighting etc.
> Cash flows well with rents still below market
> 8 Parking & space for ADU (check with city).
> Easy to finance operating history
> Professionally Management will stay with new owners purchase
> All Tenants Paying the Rent
Last Agent to Sell the Property
TR Wealth Management Inc. License #00986020 Listed on: 01/18/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,401
Year Built
- Built in 1955
Lot Details
- 9,615 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Chain Link Fence
- Fence is in average condition
- Landscaped
- Density is up to 1 Unit/Acre
Home Design
- Bungalow
- Apartment
- Frame Construction
- Shingle Roof
- Common Roof
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 3,434 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Bay Window
- Vinyl Flooring
Kitchen
- Gas Oven
- Gas Cooktop
- Stone Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Assigned Parking
Accessible Home Design
- No Interior Steps
- Accessible Parking
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- 220 Volts
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 27 / 1
- Tax Tract Number 10948
- Assessor Parcel Number 6228022033
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,232
- Maintenance Expense $5,145
- Professional Management Expense $6,282
- Trash Expense $540
- Water Sewer Expense $4,142
- New Taxes Expense $18,850
- Operating Expense $38,391
- Gross Income $8,995
- Net Operating Income $66,311
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 18, 2021
Closed on
Apr 13, 2021
Sold by
Lwfm Scout Lp
Bought by
Harper Henry James and The Harper Living Trust
Seller's Agent
Bill Mulkey
TR Wealth Management Inc.
Buyer's Agent
Bill Mulkey
TR Wealth Management Inc.
List Price
$1,450,000
Sold Price
$1,380,000
Premium/Discount to List
-$70,000
-4.83%
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
$252,755
Avg. Annual Appreciation
2.40%
Purchase Details
Closed on
Apr 14, 2020
Sold by
Lwfm Scout L P
Bought by
Lwfm Scout Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 5, 2018
Closed on
Oct 26, 2018
Sold by
Bv And G Rental Properites Llc
Bought by
Lwfm Scout Lp
Seller's Agent
Greg Engel
The Agency
Buyer's Agent
Jose Delgado
List Price
$1,350,000
Sold Price
$769,000
Premium/Discount to List
-$581,000
-43.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%
Original Mortgage
$499,000
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 19, 2006
Sold by
San Filippo Grace and San Filippo Vincent
Bought by
V & G Rental Properties Llc
Purchase Details
Closed on
Feb 4, 1997
Sold by
San Filippo Vincent and San Filippo Grace
Bought by
Sanfilippo Vincent and Sanfilippo Grace
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harper Henry James | $1,380,000 | Fidelity National Title Co | |
| Lwfm Scout Lp | -- | Fidelity National Title Co | |
| Lwfm Scout Lp | $769,000 | Stewart Title Company | |
| V & G Rental Properties Llc | -- | None Available | |
| San Filippo Grace | -- | None Available | |
| Sanfilippo Vincent | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lwfm Scout Lp | $670,000 | |
| Previous Owner | Lwfm Scout Lp | $499,000 | |
| Previous Owner | Lwfm Scout Lp | $499,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2021 04/16/21 | Sold | $1,380,000 | -4.8% | $402 / Sq Ft |
| 02/26/2021 02/26/21 | Pending | -- | -- | -- |
| 01/18/2021 01/18/21 | For Sale | $1,450,000 | +88.6% | $422 / Sq Ft |
| 12/20/2018 12/20/18 | Sold | $769,000 | -22.9% | $224 / Sq Ft |
| 10/29/2018 10/29/18 | Pending | -- | -- | -- |
| 10/08/2018 10/08/18 | Price Changed | $998,000 | -26.1% | $291 / Sq Ft |
| 09/05/2018 09/05/18 | For Sale | $1,350,000 | -- | $393 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $21,401 | $1,493,754 | $649,458 | $844,296 |
| 2024 | $21,401 | $1,464,466 | $636,724 | $827,742 |
| 2023 | $20,684 | $1,435,752 | $624,240 | $811,512 |
| 2022 | $19,612 | $1,407,600 | $612,000 | $795,600 |
| 2021 | $12,309 | $792,505 | $360,698 | $431,807 |
| 2020 | $12,141 | $784,900 | $357,000 | $427,900 |
| 2019 | $11,973 | $769,520 | $350,000 | $419,520 |
| 2018 | $6,146 | $281,659 | $89,246 | $192,413 |
| 2016 | $5,839 | $270,225 | $85,782 | $184,443 |
| 2015 | $5,591 | $266,167 | $84,494 | $181,673 |
| 2014 | $5,278 | $260,954 | $82,839 | $178,115 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Mulkey
-
Greg Engel
Seller's Agent in 2018
Greg Engel
The Agency
(909) 239-9104
11 Total Sales
-
J
Buyer's Agent in 2018
Jose Delgado
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21008900
APN: 6228-022-033
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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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