NOT LISTED FOR SALE

9544 Olive St Bellflower, CA 90706

Estimated Value: $1,278,000 - $1,749,000

9 Beds
5 Baths
4,158 Sq Ft
$375/Sq Ft Est. Value

Last Sold September 06, 2018

Last sale price $1,100,000 $265 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $9,240/month

136 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Storage

About This Home

As of September 2018

The Investment Opportunity you have been waiting for!! This property will not last!! This Quadraplex has been owner occupied and well maintained over the years. The building was recently repainted, and plumbing has been re-piped. The building features a large 3 bedroom 2 bath unit with a cozy fireplace, and the other 3 units are 2 bedroom 1 bath. All units are large and have a an open floor concept. Horse shoe over-sized lot provides ample onsite parking for residents. An on site coin operated laundry room for tenant convenience. This building has 6 covered garage spots, and welcoming gated courtyard. Don't miss out, call for a private showing today!!

Last Agent to Sell the Property

Veronica Lee

Coldwell Banker Realty License #01832103 Listed on: 07/16/2018

Coldwell Banker Realty

Last Buyer's Agent

Richard Gonzales

Coldwell Banker Envision License #01354855

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,530 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in good condition
  • Landscaped
  • Level Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Driveway
  • Parking Lot
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,158 Sq Ft Home
  • Open Floorplan
  • Electric Fireplace
  • Blinds
  • Family Room
  • Living Room with Fireplace
  • Storage
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, parking fee
  • Tax Lot 161
  • Tax Tract Number 5410
  • Assessor Parcel Number 7106006037

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $1,864
  • Insurance Expense $1,773
  • Trash Expense $780
  • Water Sewer Expense $789
  • New Taxes Expense $12,100
  • Operating Expense $17,254
  • Gross Income $17,804
  • Net Operating Income $17,254

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

7,530 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 789.00
  • Zoning: BFR3*
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7106006037
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan, Storage
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room, Electric
  • Levels: Two
  • Price Per Square Foot: 264.55
  • Room Type: Family Room, Kitchen
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting, Satellite Dish
  • Fence: Yes
  • Fencing: Block, Good Condition
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Parking Space, Private
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 780.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7530.00

Rental Info

  • Tenant Pays: Electricity, Parking Fee

Multi Family

  • Electric Expense: 1864.00
  • Gross Income: 17804.00
  • Gross Scheduled Income: 34560.00
  • Insurance Expense: 1773.00
  • Net Operating Income: 17254.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17306.00
  • Rent Control: No
  • Total Actual Rent: 37440.00
  • Total Expenses: 17254.00

Tax Info

  • New Taxes Expense: 12100.00
  • Tax Lot: 161
  • Tax Tract Number: 5410

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Gonzales Victor J
Bought by
Vlf Investments Llc
Current Estimated Value
$1,558,153

Purchase Details

Closed on
Jun 14, 2024
Sold by
Gonzales Victor J
Bought by
Vlf Investments Llc

Purchase Details

Closed on
Jun 11, 2024
Sold by
Martinez Survivors Trust and Gonzales Victor
Bought by
Gonzales Victor

Purchase Details

Listed on
Jul 16, 2018
Closed on
Aug 31, 2018
Sold by
Martinez Floriza Nieves
Bought by
Martinez Floriza Nieves and Martinez Survivors Trust
Seller's Agent
Veronica Lee
Coldwell Banker Realty
Buyer's Agent
Richard Gonzales
Coldwell Banker Envision
List Price
$1,099,988
Sold Price
$1,100,000
Premium/Discount to List
$12
0.001%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%
Original Mortgage
$500,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2018
Closed on
Aug 5, 2018
Sold by
Lui Jane Fung Kim
Bought by
Martinez Floriza Nieves
Seller's Agent
Veronica Lee
Coldwell Banker Realty
Buyer's Agent
Richard Gonzales
Coldwell Banker Envision
List Price
$1,099,988
Sold Price
$1,100,000
Premium/Discount to List
$12
0.001%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vlf Investments Llc -- None Listed On Document
Vlf Investments Llc -- None Listed On Document
Gonzales Victor -- None Listed On Document
Martinez Floriza Nieves -- Accommodation
Martinez Floriza Nieves $1,100,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Floriza Nieves $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2018 09/06/18 Sold $1,100,000 0.0% $265 / Sq Ft
03/09/2018 03/09/18 For Sale $1,099,988 -- $265 / 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 $14,839 $1,340,000 $800,000 $540,000
2024 $14,839 $1,203,006 $661,654 $541,352
2023 $14,242 $1,179,419 $648,681 $530,738
2022 $13,991 $1,156,294 $635,962 $520,332
2021 $13,697 $1,133,623 $623,493 $510,130
2019 $13,343 $1,100,700 $605,000 $495,700
2018 $2,828 $159,094 $42,224 $116,870
2017 $2,777 $155,290 $41,397 $113,893
2016 $2,674 $152,246 $40,586 $111,660
2015 $2,625 $149,960 $39,977 $109,983
2014 $2,617 $147,023 $39,194 $107,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18169719

California Regional Multiple Listing Service (CRMLS)

APN: 7106-006-037

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