NOT LISTED FOR SALE

9618 Olive St Bellflower, CA 90706

Estimated Value: $948,000 - $1,128,000

5 Beds
3 Baths
1,596 Sq Ft
$653/Sq Ft Est. Value

Last Sold April 21, 2016

Last sale price $600,000 $376 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,385/month

42 Days on Market

Highlights

  • Property is near park
  • Spanish Architecture
  • No HOA
  • Wood Flooring
  • Granite Countertops
  • Neighborhood Views

About This Home

As of April 2016

Looking for something special to own as an income producing property??? This is it! Three very pretty and nicely updated Spanish Bungalow Cottages that are well cared for units in the up and coming city of Bellflower. Walking distance to shopping and dining, plus very near the new Walking/Riding path, formerly railroad tracks. All of the tenants are wonderful and currently on existing 1 year Leases. Just about everything has been updated, including: Landscaping, painting (in and out), fencing, gorgeous flooring, kitchens and baths all redone and include granite counters. The front house was built in 1923 and it is a 3 bedroom, 1 bath home and it has a fenced off large back yard & patio area. The 1 bedroom, 1 bath is 480 square feet with a laundry/service room, plus a nice yard and patio. It was built in 1955. The smaller guest house is a Studio, with a 3/4 bath and 252 square feet and a private patio off the living area. According to the Assessor it was built in 1957. Also, there is two one car contiguous 1 car garages. At this time one space is being used by the front house tenant and that garage has laundry facilities in it. All structures appear to be on permits and all data is as per the Assessor.

Last Agent to Sell the Property

Stephanie Booker

Coldwell Banker Envision License #01253214 Listed on: 04/02/2016

Last Buyer's Agent

Suzette Valdovinos

Keller Williams Pacific Estate-La Mirada License #01984831

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,961

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 6,529 Sq Ft Lot
  • Lot Dimensions are 50 x 131
  • No Common Walls
  • Vinyl Fence
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Gentle Sloping Lot
  • Front Yard Sprinklers
  • On-Hand Building Permits

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Bungalow
  • Additions or Alterations
  • Flat Roof Shape
  • Raised Foundation
  • Interior Block Wall
  • Frame Construction
  • Tile Roof
  • Composition Roof
  • Clay Roof
  • Plaster
  • Stucco

Interior Spaces

  • 1,596 Sq Ft Home
  • 1-Story Property
  • Awning
  • Window Screens
  • Living Room
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Free-Standing Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid
  • Phone Connected
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, repairs
  • Tax Lot 10
  • Tax Tract Number 304
  • Assessor Parcel Number 7106018008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,500
  • New Taxes Expense $8,229
  • Operating Expense $12,289
  • Gross Income $3,350
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,961

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Unpaved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: BFR3
  • Architectural Style: Bungalow, Spanish
  • Property Condition: Additions/Alterations, Building Permit, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7106018008
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 375.94
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s), Satellite Dish
  • View: Neighborhood
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Roof: Clay, Composition, Flat, Tile
  • Spa: No
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Phone Available, Phone Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Cooktop, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: In Garage, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Gentle Sloping, Landscaped, Rectangular Lot, Paved, Park Nearby, Sprinklers In Front, Sprinklers Timer, Sprinkler System
  • Lot Size: 50 X 131
  • Lot Size Sq Ft: 6529.00
  • Price Per Lot Square Foot: 91.90
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Repairs

Multi Family

  • Average1 Bed Area: 480
  • Average2 Bed Area: 252
  • Average3 Bed Area: 864
  • Gross Income: 3350.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6529.0000 Square Feet
  • Net Operating Income: 34800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 5400.00
  • Rent Control: No
  • Total Actual Rent: 40200.00
  • Total Expenses: 12289.00

Tax Info

  • New Taxes Expense: 8229.00
  • Tax Area: 2336
  • Taxes Percent: 3.69
  • Tax Lot: 10
  • Tax Tract Number: 304
  • Tax Annual Amount: 2961.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2022
Sold by
Madri Andres and Madri Blanca
Bought by
Rodriguez Fernando P and Aguilera Maria Dolores
Current Estimated Value
$1,042,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$641,000
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$401,538

Purchase Details

Closed on
Apr 14, 2020
Sold by
Madrigal Andres and Madrigal Blanca Galicia
Bought by
Madrigal Andres and Madrigal Blanca Galicia

Purchase Details

Closed on
Feb 4, 2016
Sold by
Zavalza Jose T and Medina Cynthia G
Bought by
Madrigal Andres and Madrigal Blanca Galicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 29, 2016
Sold by
Vides Morris
Bought by
Medina Cynthia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jul 22, 2014
Sold by
Zavalza Jose T
Bought by
Zavalza Jose T and Medina Cynthia G
Seller's Agent
Josie Andrade
First Team Real Estate
Buyer's Agent
Jose Aguilar
TNG Real Estate Consultants
List Price
$519,900
Sold Price
$533,000
Premium/Discount to List
$13,100
2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%
Original Mortgage
$399,750
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jul 2, 2014
Sold by
Brown Scott E and George A Khouri Living Trust
Bought by
Zavalza Jose T
Seller's Agent
Josie Andrade
First Team Real Estate
Buyer's Agent
Jose Aguilar
TNG Real Estate Consultants
List Price
$519,900
Sold Price
$533,000
Premium/Discount to List
$13,100
2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,750
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2006
Sold by
Khouri George A
Bought by
Khouri George A and George A Khouri Living Trust

Purchase Details

Closed on
Aug 19, 2003
Sold by
Khouri George A and Khouri Suzanne
Bought by
Khouri George A

Purchase Details

Closed on
Jun 25, 1999
Sold by
Khouri Suzanne
Bought by
Khouri George A
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
Rodriguez Fernando P $900,000 Chicago Title
Madrigal Andres -- None Available
Madrigal Andres $600,000 Fidelity National Title Co
Medina Cynthia G -- Fidelity National Title Co
Zavalza Jose T -- None Available
Zavalza Jose T $533,000 Orange Coast Title Company
Khouri George A -- None Available
Khouri George A -- --
Khouri George A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Fernando P $675,000
Previous Owner Madrigal Andres $415,000
Previous Owner Zavalza Jose T $399,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2016 04/21/16 Sold $600,000 -5.2% $376 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
12/16/2015 12/16/15 For Sale $633,000 +18.8% $397 / Sq Ft
07/10/2014 07/10/14 Sold $533,000 +2.5% $334 / Sq Ft View Prior Sale
06/17/2014 06/17/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $519,900 -- $326 / 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 $11,190 $936,360 $608,634 $327,726
2024 $11,190 $918,000 $596,700 $321,300
2023 $10,735 $900,000 $585,000 $315,000
2022 $8,210 $669,308 $435,051 $234,257
2021 $8,045 $656,185 $426,521 $229,664
2020 $7,975 $649,458 $422,148 $227,310
2019 $7,837 $636,724 $413,871 $222,853
2018 $7,592 $624,240 $405,756 $218,484
2016 $6,648 $541,128 $297,468 $243,660
2015 $6,511 $533,000 $293,000 $240,000
2014 $2,961 $206,657 $114,106 $92,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15263084

California Regional Multiple Listing Service (CRMLS)

APN: 7106-018-008