NOT LISTED FOR SALE

9454 Olive St Bellflower, CA 90706

6 Beds
6 Baths
4,024 Sq Ft
6,554 Sq Ft Lot

Last Sold October 23, 2019

Last sale price $1,155,000 $287 Per Sq Ft

22 Days on Market

Highlights

  • Neighborhood Views
  • Laundry Room
  • Carpet

About This Home

As of October 2019

Wonderful opportunity to own apartments in the City of Bellflower. With around 75,000 people on just over six square miles of land, Bellflower is bordered by Downey, Norwalk and Cerritos, Lakewood, Long Beach and Paramount. Expect to enjoy a thriving community with a small-town feel but big city amenities. This 6 unit property is located on a quiet street along side single family residents. Property provides spacious carport for parking or storage. This property can present over a 5% Cap Rate with market level rents.

Last Agent to Sell the Property

Randy Combs

Gorman & Associates License #01930012 Listed on: 08/08/2019

Gorman & Associates

Last Buyer's Agent

Rahul Bhagat

eXp Realty of California Inc License #01717339

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,554 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,024 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 182
  • Tax Tract Number 541
  • Assessor Parcel Number 7106007018

Community Details

Building Details

  • 5 Leased Units
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $420
  • Fuel Expense $780
  • Insurance Expense $2,365
  • Maintenance Expense $5,000
  • Trash Expense $1,800
  • Water Sewer Expense $900
  • New Taxes Expense $11,110
  • Operating Expense $22,375
  • Gross Income $69,900
  • Net Operating Income $44,030

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: BFR3*
  • Property Type: Residential Income
  • Parcel Number: 7106007018
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Price Per Square Foot: 287.03

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6554.00
  • Lot Size Acres: 0.1505

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 420.00
  • Fuel Expense: 780.00
  • Gross Income: 69900.00
  • Gross Multiplier: 15.70
  • Gross Operating Income: 66405.00
  • Gross Scheduled Income: 69900.00
  • Gross Spendable Income: 69900.00
  • Insurance Expense: 2365.00
  • Lot Size Area: 6554.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 44030.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 22375.00
  • Rent Control: No
  • Total Actual Rent: 5825.00
  • Total Expenses: 22375.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 11110.00
  • Tax Census Tract: 5542.04
  • Tax Lot: 182
  • Tax Tract Number: 541
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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
10/23/2019 10/23/19 Sold $1,155,000 +5.0% $287 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $1,100,000 -- $273 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,753 $1,263,156 $441,830 $821,326
2024 $15,753 $1,238,389 $433,167 $805,222
2023 $15,134 $1,214,108 $424,674 $789,434
2022 $14,873 $1,190,303 $416,348 $773,955
2021 $14,574 $1,166,965 $408,185 $758,780
2019 $3,809 $185,377 $43,490 $141,887
2018 $3,630 $181,755 $42,638 $139,117
2016 $3,425 $174,141 $40,983 $133,158
2015 $3,365 $171,526 $40,368 $131,158
2014 $3,354 $168,167 $39,578 $128,589
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19190396

California Regional Multiple Listing Service (CRMLS)
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