NOT LISTED FOR SALE

9440 Flower St Bellflower, CA 90706

Estimated Value: $1,108,000

8 Beds
4 Baths
5,125 Sq Ft
$216/Sq Ft Est. Value

Sale Details

Date Sold: September 17, 2012

Last sale price $445,000 $87 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $6,663 / mo

320 Days on Market

About This Home

As of September 2012

This mixed use property is a tremendous opportunity for an owner/user and/or investment near downtown Bellflower. The retail portion receives high visibility due to the high downtown traffic count on Flower Street. Investors will like the low cost per foot price of $105. All four residential units are 2 bedroom, 1 bath and the new owner may benefit from the rental upside. The property features 8 open parking spaces on the 8,172 SQFT lot.

The property is located less than 1/2 mile north of the 91 freeway & 1/2 mile west of Bellflower Blvd.

Last Agent to Sell the Property

Derek Fowler

Re/Max Commercial & Investment License #01319692 Listed on: 10/14/2011

Last Buyer's Agent

Jaklien Tadres

Starlitloan&Realty License #01793244

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 8,180 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • 5,125 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 296
  • Tax Tract Number 5542
  • Assessor Parcel Number 7110013008

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,150
  • Net Operating Income $37,830

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

8,180 Sq Ft Lot

Listing Details

  • CapRate: 7.01
  • Zoning: BFCG
  • Property Type: Residential Income
  • Parcel Number: 7110013008
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 86.83

Garage/Parking

  • Total Parking Spaces: 8.00

Lot Info

  • Lot Size Sq Ft: 8180.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 695
  • Gross Income: 5150.00
  • Gross Multiplier: 8.74
  • Gross Scheduled Income: 61800.00
  • Lot Size Area: 8180.0000 Square Feet
  • Net Operating Income: 37830.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 20880.00
  • Operating Expense Percent: 33.79
  • Rent Control: No
  • Total Actual Rent: 5150.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 296
  • Tax Tract Number: 5542

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bought by
Current Estimated Value
$1,108,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$403,041
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 14, 2011
Closed on
Aug 17, 2012
Sold by
Bought by
Seller's Agent
Derek Fowler
Re/Max Commercial & Investment
Buyer's Agent
Jaklien Tadres
Starlitloan&Realty
List Price
$630,000
Sold Price
$445,000
Premium/Discount to List
-$185,000
-29.37%

Purchase Details

Closed on
Sep 11, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,184
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,184
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
7.18%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Wfg National Title Company
$445,000 First American Title Company
-- Fidelity Natl Title Ins Co
$675,000 Fidelity National Title
$225,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $520,000
Previous Owner $180,184
Previous Owner $191,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/17/2012 09/17/12 Sold $445,000 -29.4% $87 / Sq Ft
08/29/2012 08/29/12 Pending -- -- --
10/14/2011 10/14/11 For Sale $630,000 -- $123 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,206 $547,973 $307,852 $240,121
2024 $7,682 $537,229 $301,816 $235,413
2023 $7,403 $526,697 $295,899 $230,798
2022 $7,272 $516,371 $290,098 $226,273
2021 $7,103 $506,247 $284,410 $221,837
2019 $6,925 $491,233 $275,975 $215,258
2018 $6,618 $481,602 $270,564 $211,038
2016 $6,307 $462,902 $260,058 $202,844
2015 $6,181 $455,950 $256,152 $199,798
2014 -- $447,020 $251,135 $195,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11136434

California Regional Multiple Listing Service (CRMLS)

APN: 7110-013-008

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