NOT LISTED FOR SALE

9228 Olympic Blvd Pico Rivera, CA 90660

Estimated Value: $820,000 - $918,054

5 Beds
5 Baths
2,174 Sq Ft
$402/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $750,000 $345 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,746/month

106 Days on Market

Highlights

  • Main Floor Bedroom
  • Park
  • Tile Flooring
  • Living Room
  • Laundry Room
  • Ceiling Fan

About This Home

As of April 2023

We are pleased to present this DUPLEX property to the market. Two houses on one lot located in Pico Rivera. The two-story front house is comprised of 3 bedrooms and 3 bathrooms. The front house was remodeled in 2001 to expand the kitchen and downstairs bedroom, and to add the 2nd story bedrooms and bathrooms. Parking is included via a two-car, enclosed garage as well as three spots in the driveway directly in front for five spots total. The back unit is comprised of 2 bedrooms and 2 bathrooms. The front house is approximately 1,400 Sq. Ft. The back house is approximately 800 Sq. Ft. Tenants pay for all utilities: water, gas, electricity, and trash. The new owner will only pay for new taxes, insurance, and maintenance. The main thoroughfares are Whittier Blvd. and Beverly Blvd. An abundance of retail shopping and restaurants are located nearby along Whittier Blvd. Just minutes away from the 605 freeway. This is a probate listing. The property is to be sold in as-is condition.

Last Agent to Sell the Property

Phillip Gonzalez

Henry Steven Camacho License #02196512 Listed on: 12/05/2022

Last Buyer's Agent

Victoria Mercado

Sunrise Realty & Home Loan License #01040018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,815

Year Built

  • Built in 1946

Lot Details

  • 5,196 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • No Landscaping

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,174 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Living Room
  • Gas Oven

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • No Heating
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 11
  • Tax Tract Number 6049
  • Assessor Parcel Number 6374036009
  • $1,348 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $870
  • Maintenance Expense $2,696
  • New Taxes Expense $13,110
  • Operating Expense $16,676
  • Gross Income $44,940
  • Net Operating Income $26,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,815

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.83
  • Price Per Unit: 387500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: PRSF*
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6374036009
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 344.99
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: Yes
  • Appliances: Gas Oven, Refrigerator, Water Heater
  • Electric: Standard
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5196.00
  • Lot Size Acres: 0.1193

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 44940.00
  • Gross Multiplier: 21.14
  • Gross Operating Income: 43592.00
  • Gross Scheduled Income: 44940.00
  • Insurance Expense: 870.00
  • Lot Size Area: 5196.0000 Square Feet
  • Maintenance Expense: 2696.00
  • Net Operating Income: 26916.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 16676.00
  • Rent Control: No
  • Total Expenses: 16676.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13110.00
  • Tax Census Tract: 5004.02
  • Tax Lot: 11
  • Tax Tract Number: 6049
  • TaxOtherAnnualAssessmentAmount: 1348.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Apr 19, 2023
Sold by
Torres Salvador
Bought by
Salvador And Emilia Torres Family Trust
Seller's Agent
Phillip Gonzalez
Henry Steven Camacho
Buyer's Agent
Victoria Mercado
Sunrise Realty & Home Loan
List Price
$950,000
Sold Price
$750,000
Premium/Discount to List
-$200,000
-21.05%
Views
376
Current Estimated Value
$873,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,014
Avg. Annual Appreciation
7.83%

Purchase Details

Listed on
Dec 5, 2022
Closed on
Mar 27, 2023
Sold by
Torres Emilia
Bought by
Torres Salvador
Seller's Agent
Phillip Gonzalez
Henry Steven Camacho
Buyer's Agent
Victoria Mercado
Sunrise Realty & Home Loan
List Price
$950,000
Sold Price
$750,000
Premium/Discount to List
-$200,000
-21.05%
Views
376

Purchase Details

Listed on
Dec 5, 2022
Closed on
Mar 23, 2023
Sold by
Camacho Henry S
Bought by
Torres Salvador
Seller's Agent
Phillip Gonzalez
Henry Steven Camacho
Buyer's Agent
Victoria Mercado
Sunrise Realty & Home Loan
List Price
$950,000
Sold Price
$750,000
Premium/Discount to List
-$200,000
-21.05%
Views
376

Purchase Details

Closed on
Aug 7, 2003
Sold by
Rivas Raquel
Bought by
Rivas Felipe
Source: Public Records

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Range of Values:

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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
Salvador And Emilia Torres Family Trust -- None Listed On Document
Torres Salvador -- Wfg National Title
Torres Salvador $750,000 Wfg National Title
Rivas Felipe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rivas Felipe $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $750,000 -3.2% $345 / Sq Ft
03/08/2023 03/08/23 Price Changed $775,000 -1.9% $356 / Sq Ft
02/23/2023 02/23/23 Price Changed $790,000 -6.5% $363 / Sq Ft
02/14/2023 02/14/23 Price Changed $845,000 -11.1% $389 / Sq Ft
12/05/2022 12/05/22 For Sale $950,000 -- $437 / 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
2024 $10,815 $765,000 $510,000 $255,000
2023 $10,626 $759,492 $468,180 $291,312
2022 $4,537 $261,488 $56,598 $204,890
2021 $4,353 $256,362 $55,489 $200,873
2020 $4,384 $253,735 $54,921 $198,814
2019 $4,304 $248,761 $53,845 $194,916
2018 $3,998 $243,885 $52,790 $191,095
2016 $3,628 $234,417 $50,741 $183,676
2015 $3,578 $230,897 $49,979 $180,918
2014 $3,545 $226,375 $49,000 $177,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22250345

California Regional Multiple Listing Service (CRMLS)

APN: 6374-036-009