NOT LISTED FOR SALE

9242 Park St Bellflower, CA 90706

11 Beds
9 Baths
5,096 Sq Ft
0.27 Acres

Last Sold October 07, 2022

Last sale price $1,700,000 $334 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Level Lot
  • Laundry Room
  • 5 Car Garage

About This Home

As of October 2022

Well-maintained 5-unit in highly desirable Bellflower PRIME RENTAL LOCATION! The property features 3 bedroom/2 bath front unit with fireplace and private patio (ideal for owner). There are also 3 townhome style units with 2 beds/1.5 baths each PLUS 1 (Unit #2)with 2 beds/1 bath that is entirely upstairs and more roomy. ABUNDANT PARKING with 5 one-car garages, 1 covered carport & four open parking spaces! GATED PROPERTY provides PRIVACY. Central air & heat. Separate gas & electric meters. Solar panel lease of $100 month is offset with COIN OPERATED laundry facility that generates approximately $100 month income. Very clean and exhibits PRIDE OF OWNERSHIP!

“Rents are LOW and there is NO RENT CONTROL IN BELLFLOWER! A 10% increase in rents combined with self-managed will = 4.4 cap!”

Last Agent to Sell the Property

Mike Potier

Vylla Home, Inc. License #00458210 Listed on: 06/15/2022

Vylla Home, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

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

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Parking Lot

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 5,096 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Additional Features

  • Rain Gutters
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5544
  • Assessor Parcel Number 7110007028
  • $18,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $240
  • Gardener Expense $900
  • Insurance Expense $1,860
  • Other Expense $1,260
  • Professional Management Expense $10,800
  • Trash Expense $2,553
  • Water Sewer Expense $2,400
  • New Taxes Expense $18,000
  • Operating Expense $29,750
  • Gross Income $109,620
  • Net Operating Income $79,870

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.60
  • Professional Management Expense: 10800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: BFR3*
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7110007028
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Multi/Split
  • Price Per Square Foot: 333.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport, Garage, Parking Space
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2553.00
  • 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: Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11808.00
  • Lot Size Acres: 0.2711

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 240.00
  • Gross Income: 109620.00
  • Gross Multiplier: 20.00
  • Gross Scheduled Income: 109620.00
  • Insurance Expense: 1860.00
  • Laundry Income: 1200.00
  • Lot Size Area: 11808.0000 Square Feet
  • Net Operating Income: 79870.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 29750.00
  • Other Expense: 1260.00
  • Other Expense Description: solar pa
  • Rent Control: No
  • Total Expenses: 29750.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Census Tract: 5544.03
  • Tax Lot: 22
  • Tax Tract Number: 5544
  • TaxOtherAnnualAssessmentAmount: 18000.00

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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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
10/07/2022 10/07/22 Sold $1,700,000 -22.4% $334 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $2,190,000 -- $430 / 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 $21,483 $1,768,680 $728,280 $1,040,400
2024 $21,483 $1,734,000 $714,000 $1,020,000
2023 $20,626 $1,700,000 $700,000 $1,000,000
2022 $18,235 $1,480,915 $959,379 $521,536
2021 $17,861 $1,451,878 $940,568 $511,310
2019 $16,543 $1,330,000 $861,600 $468,400
2018 $13,768 $1,100,000 $715,000 $385,000
2016 $14,538 $1,181,000 $765,100 $415,900
2015 $13,431 $1,089,000 $705,500 $383,500
2014 $11,430 $900,000 $583,000 $317,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22129668

California Regional Multiple Listing Service (CRMLS)