NOT LISTED FOR SALE

9206 Ramona St Bellflower, CA 90706

Estimated Value: $1,312,000 - $1,975,000

8 Beds
5 Baths
3,924 Sq Ft
$431/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $1,000,000 $255 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $10,068/month

11 Days on Market

Highlights

  • 21,514 Sq Ft lot
  • Lawn
  • Neighborhood Views
  • Property is near a park
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of January 2017

This property boasts 4 freestanding houses standing on a huge 21,514 sqft lot in a desirable rental community!!! Border the City of Lakewood, three of the units have 2 bedrooms, 1 bath each with a one car garage & own yards while one unit consists of 2 bedrooms and 2 bathrooms, air conditioning, with a two car garage & own yard. There is also additional parking in front of each garage. Each unit conveniently has their own washer/dryer hook-ups. There is a long, concrete driveway leading up to all four units and ending at the rear of the unimproved lot where two more units can be built for additional income/cash flow. Property perimeter is secured wiith a block wall fence. Property is 100% occupied with long term, cooperative tenants. Conveniently located less than 1/2 mile south of the 91 freeway.

Last Agent to Sell the Property

Ed Weekes

Platinum Realty & Invest, Grp License #01230084 Listed on: 10/13/2016

Platinum Realty & Invest, Grp

Last Buyer's Agent

Ed Weekes

Platinum Realty & Invest, Grp License #01230084 Listed on: 10/13/2016

Platinum Realty & Invest, Grp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,422

Year Built

  • Built in 1997

Lot Details

  • 0.49 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Two Garage Doors
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,924 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 210
  • Assessor Parcel Number 7162009020

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 10 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,226
  • Trash Expense $742
  • Water Sewer Expense $695
  • New Taxes Expense $6,653
  • Net Operating Income $61,244

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,422

Year Built

Built in 1997

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 695.00
  • Zoning: BFA1*
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7162009020
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 254.84

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Single Door, Garage - Two Door, On Site, Parking Space, Off Street
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 742.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 20000-39999 Sqft, Level, Park Nearby, Paved
  • Lot Size Sq Ft: 21514.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Multiplier: 15.30
  • Gross Scheduled Income: 71880.00
  • Insurance Expense: 1226.00
  • Net Operating Income: 61244.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 10636.00
  • Rent Control: No
  • Total Actual Rent: 5990.00

Tax Info

  • New Taxes Expense: 6653.00
  • Tax Area: 2267
  • Tax Census Tract: 5544.03
  • Tax Lot: 210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 12, 2016
Sold by
Lujan Michael
Bought by
Fernandez Lisa
Seller's Agent
Ed Weekes
Platinum Realty & Invest, Grp
Buyer's Agent
Ed Weekes
Platinum Realty & Invest, Grp
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Current Estimated Value
$1,690,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$690,530
Avg. Annual Appreciation
6.06%
Original Mortgage
$750,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2016
Sold by
Callahan James and Callahan Ratri
Bought by
Fernandez Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2003
Sold by
Callahan James P and Callahan Ratri
Bought by
Callahan James and Callahan Ratri

Purchase Details

Closed on
Oct 17, 2000
Sold by
Beale Rodney A
Bought by
Callahan James and Callahan Ratri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,800
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1996
Sold by
Beale Rodney A and Beale Robert C
Bought by
Beale Robert C and Beale Rodney A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.91%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fernandez Lisa -- Wfg Title Company Of Ca
Fernandez Lisa $1,000,000 Wfg Title Company Of Ca
Callahan James -- --
Callahan James $203,000 South Coast Title
Callahan James $203,000 South Coast Title
Beale Robert C -- South Coast Title
Beale Robert C -- South Coast Title Co
Beale Rodney A -- South Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernandez Lisa $750,000
Previous Owner Callahan James $324,800
Previous Owner Beale Robert C $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $1,000,000 -9.1% $255 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $1,100,000 -- $280 / 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 $14,422 $1,160,580 $696,348 $464,232
2024 $14,422 $1,137,825 $682,695 $455,130
2023 $13,857 $1,115,515 $669,309 $446,206
2022 $13,619 $1,093,643 $656,186 $437,457
2021 $13,341 $1,072,200 $643,320 $428,880
2020 $13,227 $1,061,207 $636,724 $424,483
2019 $13,004 $1,040,400 $624,240 $416,160
2018 $12,388 $1,020,000 $612,000 $408,000
2016 $6,788 $516,783 $88,334 $428,449
2015 $6,654 $509,022 $87,008 $422,014
2014 $6,589 $499,052 $85,304 $413,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16724832

California Regional Multiple Listing Service (CRMLS)

APN: 7162-009-020