NOT LISTED FOR SALE

8808 Rose St Bellflower, CA 90706

-- Bed
-- Bath
8,371 Sq Ft
0.88 Acres

Last Sold March 06, 2012

Last sale price $1,350,000 $161 Per Sq Ft

132 Days on Market

Highlights

  • 0.88 Acre Lot
  • No Heating
  • 1-minute walk to Constitution Park
  • Contemporary Architecture

About This Home

As of March 2012

Fifteen separate houses in 7/8 of an acre lot (38,115 Sq Ft)One 3 brs+den+1 3/4 bath house, six 2 brs, two 1 br and six singles.Lots of space. Close to Lakewood Center Mall and Fways 91 and 605. Always rented. REGULAR SALE NOT AN REO OR SHORT SALE.

Last Agent to Sell the Property

Marina Martin

United Associated Brokers- Ace Realty License #00767753 Listed on: 10/15/2011

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.88

Parking

  • 7 Car Garage
  • 4 Carport Spaces

Home Design

  • 8,371 Sq Ft Home
  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Additional Features

  • 0.88 Acre Lot
  • No Heating

Listing and Financial Details

  • Tax Tract Number 5023
  • Assessor Parcel Number 7162007032

Community Details

Overview

  • 15 Buildings
  • 15 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,376
  • Gardener Expense $1,440
  • Insurance Expense $3,468
  • Professional Management Expense $6,000
  • Trash Expense $2,004
  • Water Sewer Expense $4,320
  • New Taxes Expense $21,250
  • Gross Income $14,000
  • Net Operating Income $121,931

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

7

Listing Details

  • Assessments: No
  • CapRate: 7.17
  • Professional Management Expense: 6000.00
  • View: No
  • Water Sewer Expenses: 4320.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7162007032
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 161.27

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 7.00
  • Parking: No
  • Total Parking Spaces: 27.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 2004.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 38115.00
  • Lot Size Acres: 0.8750

Multi Family

  • Electric Expense: 5376.00
  • Gross Income: 14000.00
  • Gross Multiplier: 10.12
  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 3468.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 38115.0000 Square Feet
  • Net Operating Income: 121931.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 46069.00
  • Total Actual Rent: 14000.00

Tax Info

  • New Taxes Expense: 21250.00
  • Tax Tract Number: 5023

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2012 03/06/12 Sold $1,350,000 -20.6% $161 / Sq Ft
02/24/2012 02/24/12 Pending -- -- --
10/15/2011 10/15/11 For Sale $1,700,000 -- $203 / 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 $23,245 $1,695,664 $1,017,399 $678,265
2024 $23,245 $1,662,416 $997,450 $664,966
2023 $22,844 $1,629,821 $977,893 $651,928
2022 $45,165 $3,503,927 $1,927,160 $1,576,767
2021 $44,147 $3,435,223 $1,889,373 $1,545,850
2020 $43,199 $1,554,673 $930,284 $624,389
2019 $22,313 $1,524,273 $912,044 $612,229
2018 $20,360 $1,494,468 $894,161 $600,307
2016 $18,293 $1,432,401 $859,441 $572,960
2015 $17,273 $1,410,886 $846,532 $564,354
2014 $17,776 $1,383,250 $829,950 $553,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1106428

California Regional Multiple Listing Service (CRMLS)