NOT LISTED FOR SALE

8721 Rose St Bellflower, CA 90706

Estimated Value: $1,102,000 - $1,353,000

3 Beds
2 Baths
2,232 Sq Ft
$538/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $1,100,000 $493 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,578/month

46 Days on Market

Highlights

  • 0.42 Acre Lot
  • Laundry Room
  • 3-minute walk to Constitution Park
  • Lawn
  • 1-Story Property

About This Home

As of February 2024

8721 Rose Street is located in the desirable community of Bellflower. The subject property is very well-maintained and offers substantial rental upside. 8721 Rose Street is a rarely-available single-story assets on a large, 18,000 Sq.Ft. lot. All Three (3) Units are currently occupied with zero delinquent tenants. All three (3) will be occupied at close of escrow.

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 12/18/2023

Last Buyer's Agent

Anh Nguyen

Anh Thy Nguyen, Broker License #01931409

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,389

Year Built

  • Built in 1931

Lot Details

  • 0.42 Acre Lot
  • 1 Common Wall
  • Lawn

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 2,232 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / 6
  • Tax Tract Number 5023
  • Assessor Parcel Number 7162020066
  • $1,153 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,251
  • Operating Expense $27,053
  • Net Operating Income $50,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,389

Year Built

Built in 1931

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.20
  • Other Phone Number: 949630-0592
  • Price Per Unit: 398333
  • Property Attached: Yes
  • Zoning: BFR2YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7162020066
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 492.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 18231.00
  • Lot Size Acres: 0.4185

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 14.94
  • Gross Scheduled Income: 79980.00
  • Insurance Expense: 1251.00
  • Lot Size Area: 18231.0000 Square Feet
  • Net Operating Income: 50528.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 27053.00
  • Rent Control: No
  • Total Actual Rent: 6665.00
  • Total Expenses: 27053.00
  • Vacancy Allowance: 2399
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5543.02
  • Tax Lot: 11
  • Tax Tract Number: 5023
  • TaxOtherAnnualAssessmentAmount: 1153.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2025
Sold by
Phan Mai Phuong
Bought by
Le-Phan Revocable Trust and Phan
Current Estimated Value
$1,201,427

Purchase Details

Closed on
Jun 25, 2024
Sold by
Hoang Cu and Dinh Tu
Bought by
Hoang Dinh Trust and Hoang

Purchase Details

Listed on
Dec 18, 2023
Closed on
Feb 8, 2024
Sold by
Brassard Philippe and Ferfon Delina Brassard
Bought by
Hoang Cu
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Anh Nguyen
Anh Thy Nguyen, Broker
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%
Views
202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%

Purchase Details

Closed on
Dec 22, 2019
Sold by
Brassard Philippe and Ferfon Delina Brassard
Bought by
Brassard Philippe and Ferfon Delina Brassard

Purchase Details

Closed on
Jan 10, 2003
Sold by
Park Center Exchange Inc
Bought by
Brassard M G and The M G Brassard Living Trust

Purchase Details

Closed on
Mar 2, 2001
Sold by
Love Jack and The Tessie E Barker Revocable
Bought by
Mokaddem Amine F and Mokaddem Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.11%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 16, 1994
Sold by
Barker Tessie E
Bought by
Barker Tessie E
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Le-Phan Revocable Trust -- None Listed On Document
Hoang Dinh Trust -- None Listed On Document
Hoang Cu $1,100,000 Lawyers Title
Brassard Philippe -- None Available
Brassard M G $345,000 Commerce Title
Park Center Exchange Inc $345,000 Commerce Title
Mokaddem Amine F $245,000 --
Yaghi Shucri Ibrahim -- --
Alson Ken -- --
Barker Tessie E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brassard M G $330,000
Previous Owner Mokaddem Amine F $196,000
Closed Mokaddem Amine F $24,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2024 02/15/24 Sold $1,100,000 -7.9% $493 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
12/18/2023 12/18/23 For Sale $1,195,000 -- $535 / 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 $12,389 $1,122,000 $734,400 $387,600
2024 $12,389 $926,380 $643,320 $283,060
2023 $12,163 $908,216 $630,706 $277,510
2022 $11,845 $890,409 $618,340 $272,069
2021 $7,009 $461,608 $272,952 $188,656
2020 $6,872 $456,876 $270,154 $186,722
2019 $7,162 $447,918 $264,857 $183,061
2018 $6,557 $439,136 $259,664 $179,472
2016 $5,893 $422,085 $249,582 $172,503
2015 $5,587 $415,746 $245,834 $169,912
2014 $5,723 $407,603 $241,019 $166,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23227706

California Regional Multiple Listing Service (CRMLS)

APN: 7162-020-066