Seller's Agent in 2020
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
125 Total Sales
9628 Beverly St Bellflower, CA 90706
18
Beds
18
Baths
8,913
Sq Ft
16,923
Sq Ft Lot
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 2020We 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
RE/MAX 2000 REALTY License #01800021 Listed on: 12/11/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 16,924 Sq Ft 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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $33,737 | $2,788,794 | $1,115,517 | $1,673,277 |
| 2024 | $33,737 | $2,734,113 | $1,093,645 | $1,640,468 |
| 2023 | $32,384 | $2,680,503 | $1,072,201 | $1,608,302 |
| 2022 | $31,821 | $2,627,945 | $1,051,178 | $1,576,767 |
| 2021 | $31,161 | $2,576,417 | $1,030,567 | $1,545,850 |
| 2020 | $14,993 | $1,099,293 | $266,764 | $832,529 |
| 2019 | $14,750 | $1,077,739 | $261,534 | $816,205 |
| 2018 | $14,237 | $1,056,607 | $256,406 | $800,201 |
| 2016 | $13,582 | $1,015,579 | $246,450 | $769,129 |
| 2015 | $13,315 | $1,000,325 | $242,749 | $757,576 |
| 2014 | $13,180 | $980,731 | $237,994 | $742,737 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19279237
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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