P
Seller's Agent in 2019
Paul Giries
Aston Group
(714) 588-7676
9022 Cedar St Bellflower, CA 90706
Estimated Value: $1,401,000 - $1,697,000
7
Beds
4
Baths
3,849
Sq Ft
$414/Sq Ft
Est. Value
Highlights
- No HOA
- Central Heating
- 5-minute walk to Constitution Park
- Laundry Room
About This Home
As of July 2019PRICE REDUCTION ***An excellent find in the city of Bellflower, this Triplex has 1 detached home and 2 attached units. Built in 1986, the front unit is 3 bedroom with 2 1/2 bathroom, middle unit is 2 bedroom with 1 1/2 bath, and the end unit is 2 bedroom with 1 1/2 bath. The Front unit has new kitchen and new bathroom installed recently, the end unit has had new bathroom and flooring recently installed. All 3 units has there own garage with washer and dryer hookup. Laminate and tile flooring in each unit. The property is well maintained, low maintenance. The property is located in a high demand rental area. A new owner could even live in the front home and rent out back two. This property has great potential to do many things. This is a non-rent control area.
address: 9022, 9024 & 9024 1/2 Cedar St
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 8,815 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
Home Design
- 3,849 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 777
- Tax Tract Number 2511
- Assessor Parcel Number 7162005015
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $720
- Trash Expense $918
- Water Sewer Expense $485
- New Taxes Expense $10,500
- Operating Expense $12,623
- Gross Income $70,080
- Net Operating Income $48,068
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2018
Closed on
Jun 17, 2019
Sold by
Giries Leila A and The Leila A Giries Trust
Bought by
Patel Ramesh and Patel Manjula
Seller's Agent
Paul Giries
Aston Group
Buyer's Agent
Derek Fowler
Re/Max Commercial & Investment
List Price
$1,189,000
Sold Price
$1,070,000
Premium/Discount to List
-$119,000
-10.01%
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
$522,072
Avg. Annual Appreciation
6.34%
Original Mortgage
$802,500
Outstanding Balance
$701,258
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$890,814
Purchase Details
Closed on
Jul 16, 2008
Sold by
Giries Leila
Bought by
Giries Leila A and The Leila A Giries Trust
Purchase Details
Closed on
Oct 19, 2005
Sold by
Dibsy Mary H and The Dibsy Family Trust
Bought by
Dibsy Mary H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
5.68%
Mortgage Type
New Conventional
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 | $1,070,000 | First American Title | |
| Giries Leila A | -- | None Available | |
| Dibsy Mary H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Ramesh | $802,500 | |
| Previous Owner | Dibsy Mary H | $556,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/31/2019 07/31/19 | Sold | $1,070,000 | -10.0% | $278 / Sq Ft |
| 06/12/2019 06/12/19 | Pending | -- | -- | -- |
| 12/19/2018 12/19/18 | For Sale | $1,189,000 | -- | $309 / 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 | $14,013 | $1,170,199 | $702,120 | $468,079 |
| 2024 | $14,013 | $1,147,254 | $688,353 | $458,901 |
| 2023 | $13,446 | $1,124,759 | $674,856 | $449,903 |
| 2022 | $13,208 | $1,102,706 | $661,624 | $441,082 |
| 2021 | $12,931 | $1,081,085 | $648,651 | $432,434 |
| 2020 | $12,817 | $1,070,000 | $642,000 | $428,000 |
| 2019 | $11,617 | $960,000 | $584,800 | $375,200 |
| 2018 | $10,787 | $900,000 | $542,000 | $358,000 |
| 2016 | $9,906 | $825,000 | $502,600 | $322,400 |
| 2015 | $9,017 | $750,000 | $456,900 | $293,100 |
| 2014 | $8,401 | $690,000 | $420,300 | $269,700 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Giries
-
Derek Fowler
Buyer's Agent in 2019
Derek Fowler
RE/MAX
(310) 802-2552
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18293147
APN: 7162-005-015
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