NOT LISTED FOR SALE

9713 Cedar St Bellflower, CA 90706

11 Beds
6 Baths
5,334 Sq Ft
19,062 Sq Ft Lot

Last Sold January 21, 2022

Last sale price $2,300,000 $431 Per Sq Ft

68 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 1-Story Property
  • 0.44 Acre Lot
  • Laundry Room

About This Home

As of January 2022

An amazing opportunity for investors, 6 units Boogaloo style with four structures two of which are 2 bedroom-1 bathroom, front house is 2 bedroom-1 bathroom and the four structure is a 1 bedroom-1 bathroom two separate garages and a laundry room. The lot size is approximately 19063 Sq Ft and BFR3 zoned. Potential development, the nearby properties with the same zoning and lot size have 12 units (buyer to verify all information). There are many new large developments nearby, and the Capitalization rate is above similer properties for sale in the area. Priced to sell motivated seller.

Last Agent to Sell the Property

Fatin Elmor

APM Property Management License #02014785 Listed on: 10/21/2021

APM Property Management

Co-Listed By

T.A. (Taffy) Bishara

RE/MAX OLYMPIC License #00916468

Last Buyer's Agent

Joseph Arciniega

Coldwell Banker Realty License #01357600

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.44 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Front and Back Yard Sprinklers

Parking

  • 8 Open Parking Spaces
  • 2 Car Garage
  • 1 Carport Space

Home Design

  • Property Attached

Interior Spaces

  • 5,334 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 237
  • Tax Tract Number 11274

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $1,000
  • Fuel Expense $360
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Trash Expense $2,400
  • Water Sewer Expense $2,400
  • New Taxes Expense $28,750
  • Operating Expense $37,790
  • Gross Income $106,145
  • Net Operating Income $105,535

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.44 Acres

Parking

2

Listing Details

  • CapRate: 4.62
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 431.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 19063.00
  • Lot Size Acres: 0.4376
  • Latitude Manual: 33.87148900

Rental Info

  • Garage Rental Rate: 30.00

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 360.00
  • Gross Income: 106145.00
  • Gross Multiplier: 16.04
  • Gross Scheduled Income: 143325.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 225.00
  • Lot Size Area: 19063.0000 Square Feet
  • Net Operating Income: 105535.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 37790.00
  • Rent Control: Yes
  • Total Expenses: 37790.00

Tax Info

  • New Taxes Expense: 28750.00
  • Tax Lot: 237
  • Tax Tract Number: 11274
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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
01/21/2022 01/21/22 Sold $2,300,000 0.0% $431 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $2,300,000 -- $431 / 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 $29,235 $2,440,777 $1,167,328 $1,273,449
2024 $29,235 $2,392,920 $1,144,440 $1,248,480
2023 $28,056 $2,346,000 $1,122,000 $1,224,000
2022 $17,380 $1,369,815 $612,314 $757,501
2021 $17,026 $1,342,957 $600,308 $742,649
2020 $16,884 $1,329,188 $594,153 $735,035
2019 $16,603 $1,303,126 $582,503 $720,623
2018 $15,971 $1,277,576 $571,082 $706,494
2016 $13,998 $1,110,000 $496,200 $613,800
2015 $13,901 $1,110,000 $496,200 $613,800
2014 $11,504 $885,000 $395,600 $489,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21233195

California Regional Multiple Listing Service (CRMLS)
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