NOT LISTED FOR SALE

9560 Olive St Bellflower, CA 90706

Estimated Value: $1,244,000 - $1,417,000

7 Beds
4 Baths
3,465 Sq Ft
$381/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $885,000 $255 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,905/month

84 Days on Market

Highlights

  • Laundry Room
  • Heating Available
  • 1-Story Property
  • Solar Heating System

About This Home

As of January 2019

Wow!! Don't miss this unique opportunity to purchase this gorgeous Triplex built in 1990 located in the wonderful city of Bellflower! This 3 unit property consist of a 3 bedroom 2 bath with an attached 2 car garage, a 2 bedroom 1 bath with an attached 2 garage and another 2 bedroom 1 bath with an attached 2 car garage. There is an additional 2 car garage that can be used for additional parking or storage. This property has much to offer and a must see to appreciate.

Last Agent to Sell the Property

Martin Gonzalez

MG REAL ESTATE & PROPERTY MGMT License #01380403 Listed on: 06/27/2018

Last Buyer's Agent

Daniel Velasquez

The Real Estate Solution License #01923333

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 6,547 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,465 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Solar Heating System
  • Rain Gutters
  • Heating Available

Listing and Financial Details

  • Tax Lot 155
  • Tax Tract Number 5410
  • Assessor Parcel Number 7106006021

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $420
  • Insurance Expense $900
  • Trash Expense $1,392
  • Water Sewer Expense $1,680
  • New Taxes Expense $12,498
  • Operating Expense $16,890
  • Gross Income $4,155
  • Net Operating Income $32,970

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1680.00
  • Zoning: BFR3*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 7106006021
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 255.41

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Solar
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1392.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6547.00
  • Lot Size Acres: 0.1503

Multi Family

  • Gross Income: 4155.00
  • Gross Scheduled Income: 49860.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6547.0000 Square Feet
  • Net Operating Income: 32970.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 16890.00
  • Rent Control: No
  • Total Actual Rent: 4155.00
  • Total Expenses: 16890.00

Tax Info

  • New Taxes Expense: 12498.00
  • Tax Census Tract: 5542.04
  • Tax Lot: 155
  • Tax Tract Number: 5410

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Jan 9, 2019
Sold by
Velgara Juan L
Bought by
Tang Sroyadin
Seller's Agent
Martin Gonzalez
MG REAL ESTATE & PROPERTY MGMT
Buyer's Agent
Daniel Velasquez
The Real Estate Solution
List Price
$999,900
Sold Price
$885,000
Premium/Discount to List
-$114,900
-11.49%
Current Estimated Value
$1,321,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,448
Avg. Annual Appreciation
5.92%
Original Mortgage
$844,912
Outstanding Balance
$742,850
Interest Rate
4.6%
Mortgage Type
VA
Estimated Equity
$578,598

Purchase Details

Closed on
Jul 6, 2005
Sold by
Velgara Juan L
Bought by
Velgara Juan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,500
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2004
Sold by
Velgara Donna
Bought by
Velgara Juan L
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
Tang Sroyadin $885,000 Wfg Title
Velgara Juan L -- Lawyers Title Company
Velgara Juan L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Sroyadin $844,912
Previous Owner Velgara Juan L $395,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $885,000 -1.7% $255 / Sq Ft
08/27/2018 08/27/18 Price Changed $900,000 -8.2% $260 / Sq Ft
08/14/2018 08/14/18 Price Changed $980,000 -2.0% $283 / Sq Ft
06/27/2018 06/27/18 For Sale $999,900 -- $289 / 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 $11,941 $987,230 $543,256 $443,974
2024 $11,941 $967,873 $532,604 $435,269
2023 $11,461 $948,896 $522,161 $426,735
2022 $11,258 $930,291 $511,923 $418,368
2021 $10,945 $912,051 $501,886 $410,165
2019 $8,652 $695,263 $307,208 $388,055
2018 $8,346 $681,632 $301,185 $380,447
2016 $7,999 $655,166 $289,491 $365,675
2015 $7,835 $645,326 $285,143 $360,183
2014 $7,734 $632,686 $279,558 $353,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18156369

California Regional Multiple Listing Service (CRMLS)

APN: 7106-006-021