NOT LISTED FOR SALE

9440 Beverly St Bellflower, CA 90706

Estimated Value: $1,081,000 - $1,335,963

5 Beds
3 Baths
2,368 Sq Ft
$492/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $940,000 $397 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,138/month

11 Days on Market

About This Home

As of March 2020

"GREAT INCOME GENERATOR PROPERTY" These 3 units are located in a quiet residential neighborhood, centrally located with easy access to 91, 605, and 710 freeways. Minutes away from vibrant downtown Bellflower. Property has one 1 bedroom and 1 bathroom single family house, and two 2 bedroom and 1 bathroom apartments, all units have some upgrades, high demand rental property. THERE'S AN EXTRA STUDIO UNIT WHICH GENERATES ADDITIONAL INCOME, PLEASE SEE AGENT'S REMARKS FOR DETAILS.

Last Agent to Sell the Property

John Lou

C-21 Astro License #01123005 Listed on: 01/30/2020

Last Buyer's Agent

Ron Rahman

The Real Estate Solution License #01113083

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,284

Year Built

  • Built in 1947

Lot Details

  • 8,131 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 2,368 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Private Water Source

Listing and Financial Details

  • Tax Lot 104
  • Tax Tract Number 1
  • Assessor Parcel Number 7161001022

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,000
  • Pest Control $780
  • Trash Expense $960
  • Water Sewer Expense $720
  • New Taxes Expense $11,000
  • Operating Expense $14,980
  • Gross Income $64,800
  • Net Operating Income $64,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,284

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 720.00
  • Zoning: BFR2*
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7161001022
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 396.96

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 780.00
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8131.00
  • Lot Size Acres: 0.1867

Multi Family

  • Gross Income: 64800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8131.0000 Square Feet
  • Net Operating Income: 64800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Expenses: 14980.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 5544.04
  • Tax Lot: 104
  • Tax Tract Number: 001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2020
Closed on
Feb 19, 2020
Sold by
Mente Stephanie
Bought by
Bresler Derek and Bresler Jane Tran
Seller's Agent
John Lou
C-21 Astro
Buyer's Agent
Ron Rahman
The Real Estate Solution
List Price
$889,000
Sold Price
$940,000
Premium/Discount to List
$51,000
5.74%
Current Estimated Value
$1,165,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,741
Avg. Annual Appreciation
3.82%
Original Mortgage
$705,000
Outstanding Balance
$623,033
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$542,708

Purchase Details

Closed on
Feb 27, 2007
Sold by
Mente Stephanie and Lou Shyuehai
Bought by
Mente Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2004
Sold by
Mente Stephanie
Bought by
Mente Stephanie and Lou Shyuehai

Purchase Details

Closed on
Feb 27, 2004
Sold by
Landeros Jose E and Landeros Odilia
Bought by
Mente Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 1999
Sold by
Castaneda Elena P
Bought by
Landeros Jose E and Landeros Odilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,300
Interest Rate
3.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bresler Derek $940,000 Fidelity National Title Co
Mente Stephanie -- Fidelity National Title Co
Mente Stephanie -- Fidelity National Title Co
Mente Stephanie -- --
Mente Stephanie $500,000 Fidelity National Title
Landeros Jose E $237,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bresler Derek $705,000
Previous Owner Mente Stephanie $375,000
Previous Owner Mente Stephanie $400,000
Previous Owner Landeros Jose E $213,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Sold $940,000 -1.1% $397 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
02/10/2020 02/10/20 Price Changed $950,000 +1.1% $401 / Sq Ft
02/10/2020 02/10/20 Off Market $940,000 -- --
01/30/2020 01/30/20 For Sale $889,000 0.0% $375 / Sq Ft
08/11/2019 08/11/19 Rented $800 0.0% --
08/09/2019 08/09/19 Under Contract -- -- --
08/06/2019 08/06/19 For Rent $800 -42.9% --
09/25/2016 09/25/16 Rented $1,400 0.0% --
09/23/2016 09/23/16 Off Market $1,400 -- --
09/13/2016 09/13/16 For Rent $1,400 -- --
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 $12,284 $1,028,021 $597,128 $430,893
2024 $12,284 $1,007,865 $585,420 $422,445
2023 $11,785 $988,104 $573,942 $414,162
2022 $11,576 $968,731 $562,689 $406,042
2021 $11,340 $949,737 $551,656 $398,081
2020 $8,060 $650,016 $273,005 $377,011
2019 $7,921 $637,271 $267,652 $369,619
2018 $7,658 $624,776 $262,404 $362,372
2016 $7,351 $600,516 $252,215 $348,301
2015 $7,199 $591,497 $248,427 $343,070
2014 $6,671 $540,000 $226,800 $313,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20019978

California Regional Multiple Listing Service (CRMLS)

APN: 7161-001-022