NOT LISTED FOR SALE

9232 Park St Bellflower, CA 90706

Estimated Value: $1,458,000 - $1,776,875

9 Beds
7 Baths
4,100 Sq Ft
$406/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $1,500,000 $366 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,251/month

162 Days on Market

Highlights

  • No HOA
  • Guest Parking
  • 8 Car Garage
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Rectangular Lot

About This Home

As of March 2023

Well-maintained 4-unit in highly desirable Bellflower prime rental location! Some rents are LOW and there is NO RENT CONTROL IN BELLFLOWER! The property features 3 bedroom/1 bath front unit stand-alone single-story SFR with private yard (ideal for owner) and 2-car attached garage. The front unit is the only unit without AC. Directly behind it are 3 townhome style units that were built in the 1990’s and feature 2 beds/1.5 baths each (see photos of #C which is slightly superior condition but typical floorplan); all units feature a private front covered patio with ½ bathroom off hallway leading directly to the garage with openers and laundry area. The stairway leads to a spacious living room with coat closet off the dining area and kitchen with tile counters, double sink with garbage disposal, dishwasher, gas stove & vent hood & refrigerator. Both bedrooms and hall bathroom are upstairs. 2-car GUEST PARKING available at rear with 4 oversized two-car garages! Central air & heat. 4 separate gas & 5 separate electric meters. Extra wide driveway for two cars! Very clean and exhibits PRIDE OF OWNERSHIP! NOTE that proforma rents yield 16.3 x gross and 5.5 cap and there is still probably upside beyond that!

Last Agent to Sell the Property

Mike Potier

Vylla Home, Inc. License #00458210 Listed on: 09/01/2022

Vylla Home, Inc.

Last Buyer's Agent

Hani Ramsis

RE/MAX CHAMPIONS License #01956626

RE/MAX CHAMPIONS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 8 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Driveway
  • Guest Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,100 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 22
  • Tax Tract Number 2336
  • Assessor Parcel Number 7110007027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Fuel Expense $300
  • Gardener Expense $900
  • Insurance Expense $1,878
  • Trash Expense $2,640
  • Water Sewer Expense $3,000
  • Operating Expense $10,278
  • Net Operating Income $80,082

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.70
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: BFR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7110007027
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 365.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage - Two Door, Garage Door Opener, Guest, Oversized
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Inside
  • Sewer: Unknown
  • Trash Expense: 2640.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 11646.00
  • Lot Size Acres: 0.2674

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Fuel Expense: 300.00
  • Gross Multiplier: 18.70
  • Gross Scheduled Income: 90360.00
  • Insurance Expense: 1878.00
  • Lot Size Area: 11646.0000 Square Feet
  • Net Operating Income: 80082.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10278.00
  • Rent Control: No
  • Total Expenses: 10278.00

Tax Info

  • Tax Census Tract: 5544.03
  • Tax Lot: 22
  • Tax Tract Number: 2336

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2017
Sold by
Tyler James R and Tyler Darlene R
Bought by
Rae Tyler James R
Current Estimated Value
$1,665,719
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rae Tyler James R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Sold $1,500,000 -5.7% $366 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $1,590,000 0.0% $388 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
12/10/2022 12/10/22 Price Changed $1,590,000 -5.9% $388 / Sq Ft
09/01/2022 09/01/22 For Sale $1,690,000 -- $412 / 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 $18,603 $1,560,600 $1,144,440 $416,160
2024 $18,603 $1,530,000 $1,122,000 $408,000
2023 $9,738 $758,418 $309,450 $448,968
2022 $9,569 $743,548 $303,383 $440,165
2021 $9,365 $728,970 $297,435 $431,535
2020 $9,285 $721,497 $294,386 $427,111
2019 $9,130 $707,351 $288,614 $418,737
2018 $8,728 $693,482 $282,955 $410,527
2016 $8,362 $666,555 $271,968 $394,587
2015 $8,192 $656,543 $267,883 $388,660
2014 $8,096 $643,683 $262,636 $381,047
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22192062

California Regional Multiple Listing Service (CRMLS)

APN: 7110-007-027