9533 Somerset Blvd

$1,765,000
Last Sold Price
10
Beds
10
Baths
5,834 Sq. Ft.
$303 / Sq. Ft.
5,834
Sq. Ft.
$303
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset...We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 40% upside in rents and nearly a 7.5% cap rate on market rents.
  1. Listed by David Oronoz • DRE #01838862 • Brokerage DRE #01834648 • Skyline Commercial Real Estate

Property Details for 9533 Somerset Boulevard

Zoning
BFR3YY
Parcel Number
6277011023
Total Units
9.0
Living Area
5834
Source Living Area
Other
Area
Bellflower N of Alondra, W of Bellflower (RJ)
Vacancy Rate
3%
Lot Size Area
14401
LISTING UPDATED: 05/13/2024 09:11 AM

Property Details for 9533 Somerset Boulevard

StatusSold
MLS #23-255865
Days on Market331
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.33 AC / 14,401 SF
CountyLos Angeles County

Location

Listing Courtesy of Skyline Commercial Real Estate, David Oronoz, DRE #01838862

Sold By Skyline Commercial Real Estate, Ryan Pratt, DRE #02179841

Add your commute

Building Information for 9533 Somerset Boulevard

Stories1Residences-Year Built1955Building Size-Lot Size0.33 AC / 14,401 SF

Payment Calculator

$10,235 per month

30 year fixed, 6.845% Interest

Principal and Interest

$9,248

Property Taxes

$987

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9533 Somerset Boulevard

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 5
  • Type Of Units: 9
  • Water: Water District
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $135,920
  • Net Operating Income: $83,902.00
  • Gross Income: $140,124
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: $13.56
  • Vacancy Allow Dollar: $3,879.00
  • Total Annual Expense: 52018
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.1653
  • Lot Size Square Feet: 14401
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 9
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-10-2023
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $955.00
  • Unit Actual Rent: $955.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,182.00
  • Unit Actual Rent: $70,992.00
  • Unit Projected Rent: $10,800.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,677.00
  • Unit Actual Rent: $1,677.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,983.00
  • Unit Actual Rent: $1,953.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $167,388.00
  • Assessed Improvement Percent: 72.97
  • Assessed Land Value: $61,993.00
  • Assessed Land Percent: 27.03
  • Assessed Total Value: $229,381.00

Property History for 9533 Somerset Boulevard

DateEvent & SourcePriceAppreciation
May 10, 2024

Sold

CLAW #23-255865

—
May 10, 2024

Sold

CRMLS #23255865

$1,765,000—
Feb 29, 2024

Pending

CLAW #23-255865

—
Dec 13, 2023

Price Change

CLAW #23-255865

$1,900,000—
Dec 13, 2023

Listed (Active)

CLAW #23-255865

$2,250,000—
Dec 7, 2023

Pending

CRMLS #23255865

—
Dec 7, 2023

Pending

CLAW #23-255865

—
Nov 2, 2023

Price Change

CLAW #23-255865

$1,900,000—
Nov 2, 2023

Price Change

CRMLS #23255865

$1,900,000—
Jul 31, 2023

Price Change

CRMLS #23255865

$2,195,000—
Jul 31, 2023

Price Change

CLAW #23-255865

$2,195,000—
Mar 29, 2023

Listed (Active)

CRMLS #23255865

$2,250,000—
Mar 29, 2023

Listed (Active)

CLAW #23-255865

$2,250,000—
Dec 22, 2022

Sold

CRMLS #22196779

$1,720,000—
Dec 22, 2022

Sold

CLAW #22-196779

$1,720,000—
Dec 12, 2022

Pending

CRMLS #22196779

—
Nov 30, 2022

Pending

CLAW #22-196779

—
Nov 25, 2022

Price Change

CRMLS #22196779

$2,225,000—
Nov 25, 2022

Price Change

CLAW #22-196779

$2,225,000—
Oct 11, 2022

Price Change

CRMLS #22196779

$2,325,000—
Oct 11, 2022

Price Change

CLAW #22-196779

$2,325,000—
Sep 7, 2022

Listed (Active)

CRMLS #22196779

$2,425,000—
Sep 7, 2022

Listed (Active)

CLAW #22-196779

$2,425,000—
DateEvent & SourcePrice
05/10/2024

Sold

CLAW #23-255865

—
05/10/2024

Sold

CRMLS #23255865

$1,765,000
02/29/2024

Pending

CLAW #23-255865

—
12/13/2023

Price Change

CLAW #23-255865

$1,900,000
12/13/2023

Listed (Active)

CLAW #23-255865

$2,250,000
12/07/2023

Pending

CRMLS #23255865

—
12/07/2023

Pending

CLAW #23-255865

—
11/02/2023

Price Change

CLAW #23-255865

$1,900,000
11/02/2023

Price Change

CRMLS #23255865

$1,900,000
07/31/2023

Price Change

CRMLS #23255865

$2,195,000
07/31/2023

Price Change

CLAW #23-255865

$2,195,000
03/29/2023

Listed (Active)

CRMLS #23255865

$2,250,000
03/29/2023

Listed (Active)

CLAW #23-255865

$2,250,000
12/22/2022

Sold

CRMLS #22196779

$1,720,000
12/22/2022

Sold

CLAW #22-196779

$1,720,000
12/12/2022

Pending

CRMLS #22196779

—
11/30/2022

Pending

CLAW #22-196779

—
11/25/2022

Price Change

CRMLS #22196779

$2,225,000
11/25/2022

Price Change

CLAW #22-196779

$2,225,000
10/11/2022

Price Change

CRMLS #22196779

$2,325,000
10/11/2022

Price Change

CLAW #22-196779

$2,325,000
09/07/2022

Listed (Active)

CRMLS #22196779

$2,425,000
09/07/2022

Listed (Active)

CLAW #22-196779

$2,425,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9533 Somerset Boulevard

Taxable ValueLand$438,600Additions$438,600Total$877,200
Tax Record2024$11,842 ($987 / month)
Home Facts
Total Finished SqFt2,920 SqFtAbove Grade Finished SqFt2,920 SqFtLot Size7,201 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningBFR3YYCountyLOS ANGELESAPN6277-011-023

Schools near 9533 Somerset Boulevard

This home is within Bellflower Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - 7 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 6

Bellflower High School
Public7 to 12

Bellflower Alternative Education Center
PublicK to 12

Somerset Continuation High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Commercial Real Estate, David Oronoz, DRE #01838862

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.