NOT LISTED FOR SALE

8550 Cedar St Bellflower, CA 90706

Estimated Value: $1,149,000 - $1,417,000

2 Beds
1 Bath
2,604 Sq Ft
$484/Sq Ft Est. Value

Last Sold April 10, 2019

Last sale price $850,000 $326 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,881/month

1 Day on Market

About This Home

As of April 2019

Great upside income property with huge lot. Fully occupied with month to month tenants. Two of the units have brand roofs, all units have laminate and tiles floors.

Last Agent to Sell the Property

Dalida Lim

Starburst Realty License #01329154 Listed on: 02/11/2019

Last Buyer's Agent

Dalida Lim

Starburst Realty License #01329154 Listed on: 02/11/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,132

Year Built

  • Built in 1956

Lot Details

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

Parking

  • 6 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 2,604 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Utilities

  • Well

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5023
  • Assessor Parcel Number 7162021040

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,053
  • Trash Expense $693
  • Water Sewer Expense $1,062
  • New Taxes Expense $11,100
  • Operating Expense $13,908
  • Gross Income $46,800
  • Net Operating Income $32,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,132

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1062.00
  • Zoning: BFA1YY
  • Property Type: Residential Income
  • Parcel Number: 7162021040
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 326.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 693.00
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15311.00
  • Lot Size Acres: 0.3515

Multi Family

  • Gross Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1053.00
  • Lot Size Area: 15311.0000 Square Feet
  • Net Operating Income: 32892.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13908.00
  • Rent Control: No
  • Total Expenses: 13908.00

Tax Info

  • New Taxes Expense: 11100.00
  • Tax Census Tract: 5543.02
  • Tax Lot: 4
  • Tax Tract Number: 5023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
Shehata John S and Farah Rania
Bought by
Shehata John S and Farah Rania
Current Estimated Value
$1,261,002

Purchase Details

Listed on
Feb 11, 2019
Closed on
Feb 25, 2019
Sold by
Kousumrun Reaksmey
Bought by
Lim Sakun
Seller's Agent
Dalida Lim
Starburst Realty
Buyer's Agent
Dalida Lim
Starburst Realty
List Price
$888,000
Sold Price
$850,000
Premium/Discount to List
-$38,000
-4.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$425,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2019
Closed on
Feb 15, 2019
Sold by
Lim Sakun
Bought by
Farah Rania and Shehata John
Seller's Agent
Dalida Lim
Starburst Realty
Buyer's Agent
Dalida Lim
Starburst Realty
List Price
$888,000
Sold Price
$850,000
Premium/Discount to List
-$38,000
-4.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2009
Sold by
Run Reaksmey Kousum
Bought by
Lim Sakun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,800
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2008
Sold by
Bank Of New York
Bought by
Lim Sakun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,200
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2008
Sold by
Blalock Thomas
Bought by
Bank Of New York and Cwabs Inc Asset Backed Certificates Seri

Purchase Details

Closed on
Dec 23, 2005
Sold by
Blalock Thomas and Whitfield Gary H
Bought by
Blalock Thomas and Parker Georgia

Purchase Details

Closed on
Oct 21, 2005
Sold by
Blalock Thomas
Bought by
Blalock Thomas and Whitfield Gary H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.68%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 9, 2005
Sold by
Perez Jose Dejesus
Bought by
Perez Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2005
Sold by
Perez Vivian and Johnston Ronald Lee
Bought by
Blalock Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2003
Sold by
Johnston Clifford Ray and Johnston Vivian M
Bought by
Perez Vivian and Johnston Ronald Lee
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shehata John S -- None Available
Lim Sakun -- Stewart Title
Farah Rania $825,500 Stewart Title
Lim Sakun -- Calcounties Title Nation
Lim Sakun $549,000 Landsafe Title
Lim Sakun -- Landsafe Title
Bank Of New York $623,791 Landsafe Title
Blalock Thomas -- --
Blalock Thomas -- --
Perez Vivian -- Chicago Title
Blalock Thomas -- Chicago Title
Blalock Thomas $700,000 Chicago Title
Perez Vivian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farah Rania $425,000
Previous Owner Lim Sakun $450,000
Previous Owner Lim Sakun $441,800
Previous Owner Lim Sakun $439,200
Previous Owner Blalock Thomas $0
Previous Owner Blalock Thomas $105,000
Previous Owner Blalock Thomas $560,000
Previous Owner Blalock Thomas $560,000
Previous Owner Johnston Clifford Ray $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2019 04/10/19 Sold $850,000 -4.3% $326 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $888,000 -- $341 / 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 $12,132 $920,521 $644,767 $275,754
2024 $12,132 $902,473 $632,125 $270,348
2023 $11,912 $884,779 $619,731 $265,048
2022 $11,601 $867,431 $607,580 $259,851
2021 $11,339 $850,423 $595,667 $254,756
2020 $11,090 $841,704 $589,560 $252,144
2019 $9,197 $633,762 $438,671 $195,091
2018 $8,423 $621,336 $430,070 $191,266
2016 $7,566 $597,211 $413,371 $183,840
2015 $7,138 $588,241 $407,162 $181,079
2014 $7,321 $576,719 $399,187 $177,532
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19031693

California Regional Multiple Listing Service (CRMLS)

APN: 7162-021-040