J
Seller's Agent in 2019
Jennifer Chow
Napoli R.E. & Property Mgt.
(949) 350-4116
1 in this area
5 Total Sales
8603 Cedar St Bellflower, CA 90706
Estimated Value: $1,427,000 - $1,937,027
9
Beds
5
Baths
4,584
Sq Ft
$364/Sq Ft
Est. Value
Highlights
- 0.47 Acre Lot
- Laundry Room
- Wall Furnace
About This Home
As of May 2019Rare find Investment Opportunity for Income Property in a Great Rental Area. 8601-8605 ( 4 separate units). Four Single houses in a large lot (20,643 sq ft).
(one) Three Bedrooms and Two Bathrooms With (one) of One Car and (one ) of Two car Garages, Plus Three Assigned Parking Spaces . (3) of Two Bedroom and One Bath. All Two Bedroom units Has Their Own One Car Garage and One Assigned Parking Space. All Laundry Hook Up Inside the Units. Fully Occupied with Long Term Tenants with Month to Month Rental. Great Potential Increase Cash Flow.
Last Agent to Sell the Property
Napoli R.E. & Property Mgt. License #00929968 Listed on: 01/10/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,792
Year Built
- Built in 1929
Lot Details
- 0.47 Acre Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 9 Open Parking Spaces
- 5 Car Garage
Home Design
- 4,584 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 5023
- Assessor Parcel Number 7162018064
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,080
- Insurance Expense $2,020
- Other Expense $52
- Professional Management Expense $6,084
- Trash Expense $927
- Water Sewer Expense $1,416
- New Taxes Expense $13,700
- Operating Expense $25,227
- Gross Income $76,140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2019
Closed on
May 15, 2019
Sold by
Chen Su Chen and Chen Hsin Hong
Bought by
Patel Ramesh and Patel Manjula
Seller's Agent
Jennifer Chow
Napoli R.E. & Property Mgt.
Buyer's Agent
Derek Fowler
Re/Max Commercial & Investment
List Price
$1,350,000
Sold Price
$1,285,000
Premium/Discount to List
-$65,000
-4.81%
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
$383,257
Avg. Annual Appreciation
4.83%
Original Mortgage
$936,750
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 5, 2011
Sold by
Farmers & Merchants Trust Company Of Lon
Bought by
Chen Su Chen and Chen Hsin Hong
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 |
|---|---|---|---|
| Patel Ramesh | $1,285,000 | First American Title | |
| Chen Su Chen | $715,000 | Ticor Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Ramesh | $973,500 | |
| Closed | Patel Ramesh | $936,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2019 05/22/19 | Sold | $1,285,000 | -4.8% | $280 / Sq Ft |
| 03/21/2019 03/21/19 | Pending | -- | -- | -- |
| 01/10/2019 01/10/19 | For Sale | $1,350,000 | -- | $295 / 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 | $18,792 | $1,433,438 | $812,096 | $621,342 |
| 2024 | $18,792 | $1,405,332 | $796,173 | $609,159 |
| 2023 | $18,451 | $1,377,777 | $780,562 | $597,215 |
| 2022 | $17,972 | $1,350,762 | $765,257 | $585,505 |
| 2021 | $17,562 | $1,324,277 | $750,252 | $574,025 |
| 2020 | $17,174 | $1,310,700 | $742,560 | $568,140 |
| 2019 | $12,123 | $821,176 | $465,141 | $356,035 |
| 2018 | $11,013 | $805,075 | $456,021 | $349,054 |
| 2016 | $9,885 | $773,814 | $438,314 | $335,500 |
| 2015 | $9,330 | $762,192 | $431,731 | $330,461 |
| 2014 | $9,569 | $747,262 | $423,274 | $323,988 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Chow
-
Derek Fowler
Buyer's Agent in 2019
Derek Fowler
RE/MAX
(310) 802-2552
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19007428
APN: 7162-018-064
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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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