9523 Cedar St, Bellflower, CA 90706
Image 2 for 9523 Cedar St, Bellflower, CA 90706
Image 3 for 9523 Cedar St, Bellflower, CA 90706
View Photos

9523 Cedar St Bellflower, CA 90706

$2,500,000 Sold Price as of 01/14/2022
  • 13 Beds
  • 7.25 Baths
  • 6,671 Sq.Ft.
Sold
$2,500,000 Sold Price as of 01/14/2022 Refinance Your Mortgage

Map preview of 9523 Cedar St, Bellflower, CA 90706

Property Overview: 9523 Cedar St Bellflower, CA has 13 bedrooms, 7.25 bathrooms, 6,671 living square feet and 19,554 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Owning rental real estate can be a smart way to diversity your investment portfolio and generate a steady income. A multi-family property can multiply your income with only incremental added cost. Multi-family rentals are typically easier to finance, compound returns more quickly, tend to benefit from economies of scale. THESE 6 INDIVIDUALLY SEPARATED UNITS ARE THE BEST ONE FOR THE ABOVE CONDITION!!! All units have it's own privacy like single family units. Most units were remodeled inside including kitchen, some bathrooms, flooring except one unit which had newer flooring. The biggest unit was remodeled completely 3 years ago and has 3 bedrooms and 3 bathrooms with two car attached garage directly accessing into the house and has it's own back yard. All other 5 units have it's own attached one car garage and parking spaces separately and have wash and dryer hook ups in the garage.

Listed by Steve Kang | BRE #00954378 | Masters Realty Eastern Group
Last checked: 57 seconds ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
19,554
HOA Dues
$0/mo
Year built
1976
Garage
7 Car
Property Type:
Apartment
Status
Sold
MLS#
TR21221470
City
Bellflower
County
Los Angeles
Time on Site
899 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 6
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $153,600
  • Net Operating Income: $124,756
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,844
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $76
  • Trash: $2,460
  • Gardener: $2,400
  • Insurance: $2,252
  • Professional Management: $0
  • Water/Sewer: $4,020
  • Other Expenses: $15,216
  • Other Expense Description: Tax

Property Details for 9523 Cedar St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric
Heating Information
  • Has Heating
  • Central, Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Garage, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Gas Water Heater, Water Heater
Interior Features
  • Levels: One
  • Window Features: Blinds, Screens
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 13
Lot Information
  • Lot Features: Garden, Lawn, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7161011040
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: South of Artesia Blvd., North of Ashworth St./ East of Clark AVe./ West of Belflower Blvd.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Bellflower Agent

Loading...

Sale History for 9523 Cedar St

Last sold for $2,500,000 on January 14th, 2022
  • October, 2021

  • Oct 19, 2021

    Date

    Pending

    CRMLS: TR21221470

    $2,499,000

    Price

  • March, 2013

  • Mar 14, 2013

    Date

    Sold (Public Records)

    Public Records

    $50,000

    Price

  • September, 2009

  • Sep 10, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9523 Cedar St

Assessed Value (2020): $1,159,757
Year Land Value Improved Value Assessed Value
2020 $463,902 $695,855 $1,159,757

Home Value Compared to the Market

This property vs the competition

9523 Cedar St sold on January 14, 2022 for 222.45% higher than the current median sold price for the city of Bellflower which is $775,000. The median sold price per/sqft for Bellflower is $471 and this home is sold at $374.61 per/sqft which puts the price per square foot 20.47% lower than the current median sale per square foot for the city of Bellflower.

About 9523 Cedar St

Detailed summary of property

9523 Cedar St is a apartment that recently sold in Bellflower, CA 90706. This apartment offered 13 bedrooms, 7.25 bathrooms, roughly 6,671 living square feet, and sits on an approximately 19,554 square foot lot. 9523 Cedar St was first listed on ArdentRealEstateGroup.com on October 12, 2021. The homeowner sold the property for $2,500,000. Home in Bellflower are selling for a median price of $775,000 and a median price per square foot of $471. Based on Ardent Real Estate Group's Bellflower Market Data, this home is sold 222.45% higher than the current median priced home. Local homes that are currently for sale include 337 Ximeno Ave, 536 Saint Louis Ave and 441 Dawson Ave. While the average home in Bellflower, CA is selling in 72 days, 9523 Cedar St has a days on market of 3 days. There are currently 32 homes for sale in the Bellflower real estate market and 20 of them are single family homes while 8 of them are condos and 4 are townhomes. For more information on this home for sale at 9523 Cedar 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 9523 Cedar St

Public county record property details
Beds
13
Baths
8
Year built
1976
Sq. Ft.
6,671
Lot Size
19,553
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
227
APN
7161-011-040

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
$765,000
Median List Price/Sq.Ft.
$499
Median Sold Price
$775,000
Median Sold Price/Sq.Ft.
$471
Total Inventory
33
Median Sale to List Price %
101.32%
Avg Days on Market
41
Loan Type
Conventional (58.82%), FHA (17.65%), VA (0%), Cash (11.76%), Other (11.76%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Related Resources to 9523 Cedar St

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.