NOT LISTED FOR SALE

9523 Somerset Blvd Bellflower, CA 90706

Estimated Value: $839,162 - $953,000

1 Bed
1 Bath
1,338 Sq Ft
$675/Sq Ft Est. Value

Last Sold July 05, 2019

Last sale price $588,000 $439 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,565/month

10 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Level Lot

About This Home

As of July 2019

Charming duplex located in the heart of Bellflower. Perfect for selective investor looking for a property that has been well-maintained and cared for. Each unit has one bedroom and one bathroom, 1,338 total sq. feet. Both units are fully leased, have fresh interior paint, and dual paned windows. Two car detached garage with large driveway. Laundry hookups in each unit. Spacious front and back yard. Large lot zoned for a triplex. Tenants pay for electric, gas, and cable. Centrally located near downtown Bellflower and convenient to shopping. **Do not disturb tenants**Drive by only**Do not walk the property**

Last Agent to Sell the Property

Collins Climpson

Real Broker License #02089014 Listed on: 06/05/2019

Last Buyer's Agent

Christina Wong

Newco Realty License #01721204

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,754

Year Built

  • Built in 1952

Lot Details

  • 7,201 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Lawn

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,338 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 104
  • Tax Tract Number 13735
  • Assessor Parcel Number 6277011025

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $755
  • Trash Expense $470
  • Water Sewer Expense $1,983
  • New Taxes Expense $7,500
  • Operating Expense $10,708
  • Gross Income $33,600
  • Net Operating Income $22,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,754

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1983.00
  • Zoning: BFR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6277011025
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 439.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 470.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7201.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 755.00
  • Lot Size Area: 7201.0000 Square Feet
  • Net Operating Income: 22892.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10708.00
  • Rent Control: No
  • Total Actual Rent: 2800.00
  • Total Expenses: 10708.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 104
  • Tax Tract Number: 13735

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2019
Closed on
Jun 20, 2019
Sold by
Reiter Jerry L and Lena L Reiter Separate Living
Bought by
Jn & Jn Properties Inc
Seller's Agent
Collins Climpson
Real Broker
Buyer's Agent
Christina Wong
Newco Realty
List Price
$575,000
Sold Price
$588,000
Premium/Discount to List
$13,000
2.26%
Current Estimated Value
$902,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,791
Avg. Annual Appreciation
6.71%
Source: Public Records

Range of Values:

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Average Value
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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
Jn & Jn Properties Inc $588,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reiter Lena L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2019 07/05/19 Sold $588,000 +2.3% $439 / Sq Ft
06/15/2019 06/15/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $575,000 -- $430 / Sq Ft
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 $7,754 $643,059 $450,579 $192,480
2024 $7,754 $630,451 $441,745 $188,706
2023 $7,441 $618,090 $433,084 $185,006
2022 $7,308 $605,972 $424,593 $181,379
2021 $7,160 $594,091 $416,268 $177,823
2020 $7,097 $588,000 $412,000 $176,000
2019 $1,693 $95,728 $42,927 $52,801
2018 $1,577 $93,852 $42,086 $51,766
2016 $1,502 $90,208 $40,452 $49,756
2015 $1,474 $88,854 $39,845 $49,009
2014 $1,469 $87,114 $39,065 $48,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19130577

California Regional Multiple Listing Service (CRMLS)

APN: 6277-011-025