8829 Walnut St, Bellflower, CA 90706
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8829 Walnut St Bellflower, CA 90706

$1,100,000
  • 3 Beds
  • 4 Baths
  • 3,050 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified

Map preview of 8829 Walnut St, Bellflower, CA 90706

Property Overview: 8829 Walnut St Bellflower, CA has 3 bedrooms, 4 bathrooms, 3,050 living square feet and 6,714 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ATTENTION INVESTORS! AMAZING INVESTMENT OPPORTUNITY! This SFR was expanded for you by adding 2 studios and a separate 1 bed 1 bath ADU. Now it's time to Craft Your Own Vision: Endless Possibilities! Embrace the opportunity to invest in this gem nestled within this expansive lot located in the heart of Bellflower! A canvas awaiting your creative touch, this property presents endless possibilities for savvy investors seeking rental income or a profitable flip. Tailor-fit the unit dimensions to your vision, crafting spaces brimming with style and functionality. With a sprawling yard perfect for an additional ADU or backyard oasis, the stage is set for unparalleled potential. Seize this chance to transform this property into a showcase of real estate excellence! Or you can unlock the potential for dual-purpose living and income generation with these two distinct units. Imagine residing in one unit, enjoying the comfort and privacy of your own space, while simultaneously renting out the other to generate a steady stream of income. This smart investment not only offers the financial benefits of rental income but also provides the flexibility to adapt to changing lifestyle or financial needs. Seamlessly balance the joys of homeownership with the rewards of passive income, all within the confines of this versatile and income-producing property. Welcome to a lifestyle where living well and being financial savvy go hand in hand.

Listed by Susana Martinez | BRE #01995919 | SBD Realty
Last checked: 4 minutes ago | Last updated: September 12th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,714
HOA Dues
$0/mo
Year built
1941
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
CV24186006
City
Bellflower
County
Los Angeles
Time on Site
10 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,800
  • Net Operating Income: $82,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $6,600
  • Electric: $3,000
  • Gas/Fuel: $250
  • Trash: $540
  • Insurance: $1,200
  • Professional Management: $0
  • Water/Sewer: $1,610

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Property Details for 8829 Walnut St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, In Kitchen, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7107007007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Sewer Connected, Water Available
Location / Neighborhood
Location Information
  • Directions: North on Lakewood off 91 Frwy, left on Walnut.
Neighborhood Information
  • Community Features: Storm Drains, Street Lights
View more facts & features

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Sale History for 8829 Walnut St

Last sold for $340,000 on February 24th, 2015
  • September, 2024

  • Sep 6, 2024

    Date

    Active

    CRMLS: CV24186006

    $1,100,000

    Price

  • February, 2015

  • Feb 24, 2015

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

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Tax History for 8829 Walnut St

Assessed Value (2020): $517,110
Year Land Value Improved Value Assessed Value
2020 $298,909 $218,201 $517,110

Home Value Compared to the Market

This property vs the competition

8829 Walnut St is listed 33.33% higher than the median list price for the city of Bellflower which has a median list price of $825,000. The median price per/sqft for Bellflower is $516 and this home is listed at $360.66 per/sqft which puts the price per square foot 30.11% lower than the median price per square foot for the city of Bellflower.

About 8829 Walnut St

Detailed summary of property

8829 Walnut St is a single family home located in Bellflower, CA 90706 and is currently for sale. This house offers 3 bedrooms, 4 bathrooms, roughly 3,050 living square feet, and sits on an approximately 6,714 square foot lot. 8829 Walnut St was first listed on ArdentRealEstateGroup.com on September 7, 2024. The homeowner is currently asking $1,100,000. The median priced home in Bellflower is $825,000 with a median price per square foot of $516. Based on Ardent Real Estate Group's Bellflower Market Data, this home is listed 33.33% higher than the median priced home. Local competing homes currently for sale include 6819 Cherry Ave, 5606 Wagner Ave and 6052 Bellflower Blvd. While the average home in Bellflower, CA is selling in 60 days, 8829 Walnut St has a days on market of 11 days. There are currently 60 homes for sale in the Bellflower real estate market and 46 of them are single family homes while 6 of them are condos and 8 are townhomes. For more information on this home for sale at 8829 Walnut St Bellflower, CA 90706 contact Ardent Real Estate Group and we will put you in touch with one of our Bellflower agents.

Public Facts for 8829 Walnut St

Public county record property details
Beds
3
Baths
2
Year built
1941
Sq. Ft.
1,803
Lot Size
6,712
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7107-007-007

The source for these homes facts are from public records.

90706 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$825,000
Median List Price/Sq.Ft.
$516
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$502
Total Inventory
61
Median Sale to List Price %
100%
Avg Days on Market
17
Loan Type
Conventional (44.44%), FHA (27.78%), VA (0%), Cash (11.11%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.