NOT LISTED FOR SALE

7847 Gilliland Ave Bell Gardens, CA 90201

Estimated Value: $1,447,000 - $1,755,850

5 Beds
3 Baths
4,444 Sq Ft
$360/Sq Ft Est. Value

Last Sold August 22, 2019

Last sale price $1,170,000 $263 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $10,254/month

18 Days on Market

About This Home

As of August 2019

Welcome to 7847 Gilliland Avenue, a 5-unit investment opportunity located on a desirable tree-lined street, in a neighborhood comprised mostly of single-family homes. The offering at 7847 Gilliland Avenue is just steps the Bell Gardens Sports Center, Bell Gardens John Anson Ford Park and Rio Hondo Golf Club allowing countless activities for residents. Desirably comprised of (1) three bedroom/two bathroom single family home and (4) two bedroom/one bathroom units, Gilliland Avenue has been upgraded with new exterior paint, windows and newer kitchens in most units. An excellent location in an outstanding rental market makes 7847 Gilliland an ideal investment opportunity.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 07/22/2019

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 07/22/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,549

Year Built

  • Built in 1958

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 7 Carport Spaces

Home Design

  • 4,444 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 7 / 4
  • Tax Tract Number 10948
  • Assessor Parcel Number 6230022012

Community Details

Overview

  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,245
  • Maintenance Expense $5,441
  • Other Expense $3,348
  • New Taxes Expense $15,397
  • Operating Expense $29,379
  • Gross Income $90,675
  • Net Operating Income $61,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,549

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.70
  • Other Phone Description: Office Phone
  • Other Phone Number: 9492518800
  • Property Attached: No
  • Zoning: BGR3*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6230022012
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 263.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11537.00
  • Lot Size Acres: 0.2649

Multi Family

  • Gross Multiplier: 13.85
  • Gross Operating Income: 90675.00
  • Gross Scheduled Income: 93480.00
  • Insurance Expense: 1245.00
  • Lot Size Area: 11537.0000 Square Feet
  • Maintenance Expense: 5441.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 61296.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 29379.00
  • Operating Expense Percent: 31.40
  • Other Expense: 3348.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 29379.00
  • Vacancy Allowance: 2804
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15397.00
  • Tax Block: 4
  • Tax Census Tract: 5342.03
  • Tax Lot: 7
  • Tax Tract Number: 10948

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2019
Closed on
Sep 19, 2019
Sold by
Patel Ramesh M
Bought by
Patel Ramesh and Patel Manjula
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Damien Breaux
Morgan Skenderian
List Price
$1,295,000
Sold Price
$1,170,000
Premium/Discount to List
-$125,000
-9.65%
Current Estimated Value
$1,601,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,425
Avg. Annual Appreciation
4.86%
Original Mortgage
$760,000
Outstanding Balance
$665,912
Interest Rate
3.4%
Estimated Equity
$892,120

Purchase Details

Listed on
Jul 22, 2019
Closed on
Aug 13, 2019
Sold by
Lucia Pacific Llc
Bought by
Patel Ramesh M and Patel Ramesh
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Damien Breaux
Morgan Skenderian
List Price
$1,295,000
Sold Price
$1,170,000
Premium/Discount to List
-$125,000
-9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$665,912
Interest Rate
3.4%
Estimated Equity
$892,120

Purchase Details

Listed on
Oct 9, 2012
Closed on
Oct 12, 2012
Sold by
Takahashi Risa
Bought by
Lucia Pacific Llc
Seller's Agent
Alexandra Lee
Nakoma Realty Company
Buyer's Agent
Alexandra Lee
Nakoma Realty Company
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.69%

Purchase Details

Closed on
Jun 29, 2010
Sold by
Takahashi Risa
Bought by
Takahashi Risa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 22, 2009
Sold by
Dekitani Mitsuhiro and Kishi Kentaro
Bought by
Takahashi Risa

Purchase Details

Closed on
May 24, 2007
Sold by
Takahashi Risaburo and Risaburo & Vondel Takahashi Re
Bought by
Takahashi Risaburo and Trust B

Purchase Details

Closed on
Feb 29, 2000
Sold by
Takahashi Risaburo and Takahashi Vondel
Bought by
Takahashi Risaburo and Takahashi Vondel
Source: Public Records

Range of Values:

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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
Patel Ramesh -- First American Title Company
Patel Ramesh M $1,170,000 Ticor Title Co
Lucia Pacific Llc $550,000 Chicago Title Company
Takahashi Risa -- Chicago Title Company
Takahashi Risa -- Chicago Title Company
Takahashi Risa -- None Available
Takahashi Risaburo -- None Available
Takahashi Risaburo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Ramesh $760,000
Previous Owner Lucia Pacific Llc $377,000
Previous Owner Takahashi Risa $250,000
Previous Owner Takahashi Risaburo $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2019 08/22/19 Sold $1,170,000 -9.7% $263 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $1,295,000 0.0% $291 / Sq Ft
01/16/2016 01/16/16 Rented $1,400 0.0% --
12/22/2015 12/22/15 For Rent $1,400 0.0% --
10/25/2012 10/25/12 Sold $550,000 0.0% $124 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
10/09/2012 10/09/12 For Sale $550,000 -- $124 / 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 $18,549 $1,279,561 $579,629 $699,932
2024 $18,549 $1,254,472 $568,264 $686,208
2023 $18,502 $1,229,875 $557,122 $672,753
2022 $17,784 $1,205,761 $546,199 $659,562
2021 $16,956 $1,182,120 $535,490 $646,630
2020 $16,829 $1,170,000 $530,000 $640,000
2019 $10,230 $607,145 $275,975 $331,170
2018 $10,175 $595,241 $270,564 $324,677
2016 $9,641 $572,128 $260,058 $312,070
2015 $8,993 $563,535 $256,152 $307,383
2014 $8,770 $552,497 $251,135 $301,362
Source: Public Records

Agents Affiliated with this Home

  • Damien Breaux

    Seller's Agent in 2019

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    40 Total Sales

    Damien Breaux
    Section Image
  • Alexandra Lee

    Seller's Agent in 2016

    Alexandra Lee

    Nakoma Realty Company

    (714) 514-1766

    29 Total Sales

    Alexandra Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19173788

California Regional Multiple Listing Service (CRMLS)

APN: 6230-022-012

California Los Angeles County Bell Gardens 90201

7847 Gilliland Ave, Bell Gardens, CA

This home is located at 7847 Gilliland Ave, Bell Gardens, CA 90201 since 22 July 2019 and is currently estimated at $1,601,425, approximately $360 per square foot. This property was built in 1958. 7847 Gilliland Ave is a home located in Los Angeles County with nearby schools including Garfield Elementary, Bell Gardens Intermediate School, and Bell Gardens High.

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.

California Regional Multiple Listing Service (CRMLS) 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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