NOT LISTED FOR SALE

9940 Ramona St Bellflower, CA 90706

5 Beds
2 Baths
5,884 Sq Ft
0.45 Acres

Last Sold August 12, 2019

Last sale price $1,750,000 $297 Per Sq Ft

20 Days on Market

Highlights

  • 0.45 Acre Lot
  • No HOA
  • Bungalow
  • Fireplace in Bathroom
  • 6 Car Direct Access Garage
  • Wall Furnace

About This Home

As of August 2019

Complex is centrally located with easy access to both the 605 and 91 Freeways. Property is four buildings (duplex style with each unit having a single car garage). There is a central building that is a storage garage for the caretaker. Single Level, duplex design on an oversized lot. Stable income flow with value add potential with increase in rents. Current owner has operating the property since 1977.

Last Agent to Sell the Property

Robert Watts

Pacific Asset Group License #766216 Listed on: 05/01/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,148

Year Built

  • Built in 1963

Lot Details

  • 0.45 Acre Lot
  • 1 Common Wall
  • Density is 26-30 Units/Acre

Parking

  • 6 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Bungalow
  • Asphalt Roof

Interior Spaces

  • 5,884 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 479
  • Tax Tract Number 2336
  • Assessor Parcel Number 7161013002

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 6 Units

Building Details

  • 5 Leased Units
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $600
  • Insurance Expense $1,869
  • Trash Expense $1,607
  • Water Sewer Expense $1,974
  • New Taxes Expense $2
  • Operating Expense $10,533
  • Gross Income $87,000
  • Net Operating Income $76,467

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,148

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1974.00
  • Zoning: BFR3*
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7161013002
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 297.42

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1607.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size: 66 by 301
  • Lot Size Sq Ft: 19805.00
  • Lot Size Acres: 0.4547

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 925 Square Feet
  • Average3 Bed Area: 1159 Square Feet
  • Electric Expense: 600.00
  • Gross Operating Income: 87000.00
  • Gross Scheduled Income: 103800.00
  • Insurance Expense: 1869.00
  • Lot Size Area: 19805.0000 Square Feet
  • Net Operating Income: 76467.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Number With Disposal: 6
  • Operating Expense: 10533.00
  • Rent Control: No
  • Total Actual Rent: 7200.00
  • Total Expenses: 10533.00
  • Vacancy Allowance Rate: 16.00

Tax Info

  • New Taxes Expense: 2.00
  • Tax Area: 2336
  • Tax Census Tract: 5544.05
  • Tax Lot: 479
  • Tax Rate: 2.00
  • Tax Tract Number: 2336
  • Tax Annual Amount: 5148.00
  • Tax Year: 2018

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
08/12/2019 08/12/19 Sold $1,750,000 0.0% $297 / Sq Ft
05/01/2019 05/01/19 For Sale $1,750,000 -- $297 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Robert Watts

    Pacific Asset Group

    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    7 in this area

    6,103 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19117337

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

9940 Ramona St, Bellflower, CA

Not Listed for Sale

MultiFamily

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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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