NOT LISTED FOR SALE

8803 Cedar St Bellflower, CA 90706

9 Beds
5 Baths
4,653 Sq Ft
0.45 Acres

Last Sold December 04, 2013

Last sale price $682,626 $147 Per Sq Ft

73 Days on Market

About This Home

As of December 2013

LOCATION, LOCATION, LOCATION!!! Great investment opportunity to purchase this 5-unit multi-family property on a 19,000+ sqft lot. The 2 front units have 2bedrooms +1 bath and 1car garage, the other 2units/duplex have 2 bedrooms + 1 1/2 baths and 2car garage and the one unit has a 1bedroom + 1bath with carport parking. This unit is well maintained and always 100% occupancy with potential rent increase! Don't miss this great deal, bring in your offer!!! **Agents please see remarks**

Last Agent to Sell the Property

Gina Galang

Your Choice Realty & REO Listed on: 09/10/2013

Last Buyer's Agent

Jennifer Chow

Napoli R.E. & Property Mgt. License #00929968

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.45 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,653 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 16 / 4
  • Tax Tract Number 5023
  • Assessor Parcel Number 7162019052

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Water Sewer Expense $1,680
  • New Taxes Expense $8,200
  • Gross Income $4,146
  • Net Operating Income $49,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1680.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7162019052
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 146.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19567.00
  • Lot Size Acres: 0.4490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4146.00
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 19567.0000 Square Feet
  • Net Operating Income: 49760.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 12040.00
  • Rent Control: No
  • Total Actual Rent: 5075.00

Tax Info

  • New Taxes Expense: 8200.00
  • Tax Block: 4
  • Tax Lot: 16
  • Tax Tract Number: 5023
  • Tax Year: 2012
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2013 12/04/13 Sold $682,626 -93.2% $147 / Sq Ft
11/22/2013 11/22/13 Pending -- -- --
09/10/2013 09/10/13 For Sale $9,999,900 -- $2,149 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,759 $836,763 $502,599 $334,164
2024 $11,759 $820,357 $492,745 $327,612
2023 $11,552 $804,273 $483,084 $321,189
2022 $11,261 $788,504 $473,612 $314,892
2021 $10,999 $773,044 $464,326 $308,718
2020 $10,770 $765,618 $459,565 $306,053
2019 $11,256 $750,616 $450,554 $300,062
2018 $10,337 $735,909 $441,720 $294,189
2016 $9,292 $706,854 $424,568 $282,286
2015 $8,780 $696,237 $418,191 $278,046
2014 $9,005 $682,600 $410,000 $272,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13184331

California Regional Multiple Listing Service (CRMLS)