NOT LISTED FOR SALE

9509 Flower St Bellflower, CA 90706

Estimated Value: $4,514,873

4 Beds
4 Baths
8,687 Sq Ft
$520/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $3,200,000 $368 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $27,031/month

156 Days on Market

Highlights

  • 0.43 Acre Lot
  • Laundry Room
  • Bike Trail

About This Home

As of March 2020

A large open garden style apartment building consisting of 15 units located in Bellflower, CA. 3 buildings in total. Building #1 (10) 1bed-bath , (2) 2 bed-bath. Building #2 single family home of 1bed-bath and 3 car garage. Building #3 2 commercial units. The property offers onsite laundry facility and 25 open parking spaces. Property has had recent capital improvements including copper plumbing repiping, tile flooring through out all units( no carpet), kitchen cabinets with granite counter tops on all but 2 units, replaced all wall heaters. Front commercial units have had electrical panel upgrades, all new interior electrical wiring with LED recessed lighting , tile flooring and all new exterior stucco. Current GRM 12.55 and 5.47 CAP with an upside and room for rent increase at 6.07 CAP

Last Agent to Sell the Property

Arlin Chavarria

Wealth Managers, Inc. License #02002336 Listed on: 10/15/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.43 Acre Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 8,687 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 8 / 17
  • Tax Tract Number 5542
  • Assessor Parcel Number 7106001026

Community Details

Overview

  • 3 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $3,096
  • Insurance Expense $3,800
  • Professional Management Expense $15,272
  • Trash Expense $2,016
  • Water Sewer Expense $3,100
  • New Taxes Expense $40,000
  • Operating Expense $72,109
  • Gross Income $254,544
  • Net Operating Income $174,799

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.43 Acres

Parking

3

Listing Details

  • Professional Management Expense: 15272.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3100.00
  • Zoning: BFR3*
  • Property Type: Residential Income
  • Parcel Number: 7106001026
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 368.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 21.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Other
  • Trash Expense: 2016.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 18709.00
  • Lot Size Acres: 0.4295

Multi Family

  • Electric Expense: 3096.00
  • Gross Income: 254544.00
  • Gross Scheduled Income: 254544.00
  • Insurance Expense: 3800.00
  • Lot Size Area: 18709.0000 Square Feet
  • Net Operating Income: 174799.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 15
  • Operating Expense: 72047.00
  • Rent Control: No
  • Total Expenses: 72109.00

Tax Info

  • New Taxes Expense: 40000.00
  • Tax Block: 17
  • Tax Census Tract: 5542.04
  • Tax Lot: 8
  • Tax Tract Number: 5542

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2019
Closed on
Feb 7, 2020
Sold by
Socal Equity Holding Llc
Bought by
Republic Management Llc
Seller's Agent
Arlin Chavarria
Wealth Managers, Inc.
List Price
$3,195,000
Sold Price
$3,200,000
Premium/Discount to List
$5,000
0.16%
Current Estimated Value
$4,514,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,314,873
Avg. Annual Appreciation
5.92%
Original Mortgage
$2,525,000
Outstanding Balance
$2,227,110
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$2,287,763

Purchase Details

Closed on
May 26, 2017
Sold by
Socal Equity Holding Llc
Bought by
Socal Equity Holding Llc

Purchase Details

Closed on
Aug 1, 2013
Sold by
Larios Jorge and Larios Zeferino
Bought by
Socal Equity Holdings Llc

Purchase Details

Closed on
Jul 20, 2010
Sold by
Larios Salvador
Bought by
Larios Jorge and Larios Zeferino

Purchase Details

Closed on
Jul 2, 2009
Sold by
Larios Julia
Bought by
Larios Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$963,000
Interest Rate
4.77%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2009
Sold by
Gordon Dennis E and The Mindy Lynn & Doree Denise
Bought by
Larios Panfilo and Larios Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$963,000
Interest Rate
4.77%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Republic Management Llc $3,200,000 Provident Title Company
Socal Equity Holding Llc -- Fidelity National Title Co
Socal Equity Holdings Llc -- None Available
Larios Jorge -- None Available
Larios Zeferino -- None Available
Larios Panfilo -- None Available
Larios Salvador -- None Available
Larios Jorge -- None Available
Larios Salvador -- Lawyers Title Company
Larios Panfilo -- Lawyers Title Company
Larios Panfilo $1,405,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Republic Management Llc $2,525,000
Previous Owner Larios Panfilo $963,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Off Market $3,200,000 -- --
03/19/2020 03/19/20 Sold $3,200,000 +0.2% $368 / Sq Ft
10/15/2019 10/15/19 For Sale $3,195,000 -- $368 / 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 $42,484 $3,499,665 $2,515,385 $984,280
2024 $42,484 $3,431,045 $2,466,064 $964,981
2023 $40,768 $3,363,770 $2,417,710 $946,060
2022 $40,051 $3,297,814 $2,370,304 $927,510
2021 $39,225 $3,233,152 $2,323,828 $909,324
2020 $20,880 $1,561,839 $885,505 $676,334
2019 $20,892 $1,531,291 $868,143 $663,148
2018 $20,111 $1,501,341 $851,121 $650,220
2016 $19,220 $1,439,392 $818,072 $621,320
2015 $18,821 $1,417,772 $805,784 $611,988
2014 -- $1,390,000 $790,000 $600,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Arlin Chavarria

    Wealth Managers, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19241940

California Regional Multiple Listing Service (CRMLS)

APN: 7106-001-026

California Los Angeles County Bellflower 90706

9509 Flower St, Bellflower, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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.

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