NOT LISTED FOR SALE

9628 Beverly St Bellflower, CA 90706

18 Beds
18 Baths
8,913 Sq Ft
0.39 Acres

Last Sold March 20, 2020

Last sale price $2,550,000 $286 Per Sq Ft

42 Days on Market

Highlights

  • 0.39 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of March 2020

We are pleased to offer for sale this 9 Unit investment property located in the city of Bellflower. The subject property was built in 1986 and boasts a unit mix of all 2 Bedroom/2 Bathroom units. Tenants enjoy; interior laundry hookups, private two-car garages, private patio/balconies, and master bedroom with private bathroom. Tenants pay for ALL utilities including water! Currently offered at 14.21 GRM and a 4.92% CAP Rate, the last rental increase for 8 of the 9 units was in 2018. Thus, tenants are due for their annual increase bringing the financials to 13.2 GRM and a 5.6% CAP Rate, very lucrative investment for the next investor!!!

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 12/11/2019

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 12/11/2019

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 18 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 8,913 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 114
  • Tax Tract Number 7
  • Assessor Parcel Number 7161003007

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 10 Separate Water Meters
  • Electric Expense $673
  • Gardener Expense $960
  • Insurance Expense $3,565
  • Maintenance Expense $10,441
  • Other Expense $1,350
  • Trash Expense $2,918
  • Water Sewer Expense $537
  • New Taxes Expense $28,050
  • Operating Expense $48,494
  • Gross Income $179,400
  • Net Operating Income $125,524

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

18

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 537.00
  • Zoning: BFR3*
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7161003007
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 286.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 18.00
  • Total Parking Spaces: 23.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2918.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16924.00
  • Lot Size Acres: 0.3885

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 673.00
  • Gross Income: 179400.00
  • Gross Operating Income: 174018.00
  • Gross Scheduled Income: 179400.00
  • Insurance Expense: 3565.00
  • Lot Size Area: 16924.0000 Square Feet
  • Maintenance Expense: 10441.00
  • Net Operating Income: 125524.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 9
  • Operating Expense: 48494.00
  • Other Expense: 1350.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 48494.00

Tax Info

  • New Taxes Expense: 28050.00
  • Tax Census Tract: 5544.04
  • Tax Lot: 114
  • Tax Tract Number: 007

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2020 03/20/20 Sold $2,550,000 0.0% $286 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
12/11/2019 12/11/19 For Sale $2,550,000 -- $286 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2020

    Kristopher German

    RE/MAX

    (909) 645-0443

    1 in this area

    123 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19279237

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Bellflower 90706

9628 Beverly St, Bellflower, CA

Not Listed for Sale

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