Seller's Agent in 2017
Randall Wind
Randall A Wind Broker
(562) 314-8200
2 in this area
2 Total Sales
9453 Artesia Blvd Bellflower, CA 90706
Estimated Value: $1,034,887
2
Beds
3
Baths
2,038
Sq Ft
$508/Sq Ft
Est. Value
Highlights
- 16,356 Sq Ft lot
- Cooling Available
- Landscaped
- Lawn
- Laundry Room
- Level Lot
About This Home
As of September 2017Unique Investment Property.
4.9% CAP Rate based on Current Income, Current Expenses, and anticipated New Taxes
7.5% CAP Rate based on Market Rent, Expenses, and new Taxes.
House, Office, Studio, Storage, and Trailer Park.
Development Opportunity.
Zoned Commercial.
Grandfathered for Multi-Tenant and Trailer Park.
Priced well below recent Land Comps, for the area.
Additional Parcels neighboring the site.
Great Income property while planning for new development, or GReat Investment with a little TLC and increasing rents to market.
8 units with income in total:
- 1 - House
- 1 - Studio
- 6 - Trailer Spaces
- Storage Space - minimal rent
- Small Office - no rent currently
DRIVE BY ONLY!!
DO NOT DISTURB TENANTS OR WALK PROPERTY!!
Last Agent to Sell the Property
Randall A Wind Broker License #00970077 Listed on: 06/17/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,767
Year Built
- Built in 1965
Lot Details
- 0.38 Acre Lot
- No Common Walls
- Landscaped
- Level Lot
- Lawn
Parking
- 2 Car Garage
- Parking Available
- Uncovered Parking
Home Design
- 2,038 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Cable TV Available
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tax Lot 7161
- Tax Tract Number 1
- Assessor Parcel Number 7161001028
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $6,684
- Insurance Expense $1,944
- Professional Management Expense $2,400
- Trash Expense $1,421
- Water Sewer Expense $960
- New Taxes Expense $5,950
- Operating Expense $22,220
- Gross Income $50,940
- Net Operating Income $35,860
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2017
Closed on
Aug 28, 2017
Sold by
Artesia Mobile Home Park Llc
Bought by
Patel Balubhai
Seller's Agent
Randall Wind
Randall A Wind Broker
Buyer's Agent
Randall Wind
Randall A Wind Broker
List Price
$695,000
Sold Price
$655,000
Premium/Discount to List
-$40,000
-5.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$379,887
Avg. Annual Appreciation
5.74%
Original Mortgage
$350,000
Outstanding Balance
$291,256
Interest Rate
3.86%
Mortgage Type
Commercial
Estimated Equity
$743,631
Purchase Details
Closed on
Jul 20, 2015
Sold by
Miedema Janet Morningstar and Hul Pam Vant
Bought by
Artesia Mobile Home Park Llc T
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Balubhai | $655,000 | Lawyers Title | |
| Artesia Mobile Home Park Llc T | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Balubhai | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/27/2017 09/27/17 | Sold | $655,000 | -5.8% | $321 / Sq Ft |
| 08/15/2017 08/15/17 | For Sale | $695,000 | +6.1% | $341 / Sq Ft |
| 07/24/2017 07/24/17 | Off Market | $655,000 | -- | -- |
| 06/17/2017 06/17/17 | For Sale | $595,000 | -- | $292 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,767 | $745,274 | $638,320 | $106,954 |
| 2024 | $10,605 | $730,661 | $625,804 | $104,857 |
| 2023 | $9,833 | $716,335 | $613,534 | $102,801 |
| 2022 | $9,661 | $702,290 | $601,504 | $100,786 |
| 2021 | $9,624 | $688,520 | $589,710 | $98,810 |
| 2020 | $9,697 | $681,461 | $583,664 | $97,797 |
| 2019 | $9,236 | $668,100 | $572,220 | $95,880 |
| 2018 | $8,710 | $655,000 | $561,000 | $94,000 |
| 2016 | $6,972 | $503,000 | $409,000 | $94,000 |
| 2015 | $2,433 | $94,186 | $85,166 | $9,020 |
| 2014 | $2,413 | $92,342 | $83,498 | $8,844 |
Source: Public Records
Agents Affiliated with this Home
-
Randall Wind
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS17162479
APN: 7161-001-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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