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7947 Garfield Avenue

7947 Garfield Avenue, Bell Gardens, CA 90201
Multifamily in Bell Gardens
Sold May 04, 2022
$7,025,000
$3,900,000 by Jrre Horizon Llc
Mortgage
Sold Jul 15, 2004
$3,200,000
$1,900,000 by Imperial Capital Bank
Mortgage Due Aug 01, 2034
7947 Garfield Avenue in Bell Gardens, CA was first built in 1989 and is 35 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 48 are bedrooms. In terms of bathrooms, there are a total of 48 full bathrooms. There are 48 partial bathrooms. 7947 Garfield Avenue has 21,793 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 2,000 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 29,303 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of tar and gravel. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of metal. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7947 Garfield Avenue sold most recently in Apr 19, 2022 for a total of $7,025,000. If you work out the math, that's approximately a cost of $322.35 per sqft. Before that, the property was also sold for $3,200,000 in May 18, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $32,950 in taxes each year. The initial year of tax delinquency occurred in 2022. 7947 Garfield Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $7,165,500. If we break it down further, the land itself was valued at $1,530,000. Improvements to the property, however, were assessed at a total of $5,635,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 3
  • Bedroom Count: 48
  • Bathroom Count: 48
  • Full Bathrooms: 48
  • Partial Bathrooms: 48
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Metal
  • Roof Shape Type: Gable
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Living Units: 16
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,303
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 21,793
  • Gross Building Area: 21,793
  • Building Area: 21,793
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 21,793
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 11124
  • Land Acres: 0.673
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT NO 11124 LOTS 3,4,5 AND LOT/SEC 6 BLK/DIV/TWN 1

Ownership

  • Current Owner : SUKI CHARGERS LLC
  • Previous Owner : AMERICA PROGRESO LIVING TRUST
  • Owner Before Previous Owner: GANEM ROBERT
  • Owner Before Previous Owner 2: GANEM NANCY
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Montebello Unified School District
  • Census Tract: 534202

Zoning

  • Zoning: BGCM*

Geography

  • Assessors Map Reference: 59-F2
  • Subdivision Tract Number: 11124
  • Parcel: 6230-013-021
  • Block: 1
  • Lot: 3,4,5
  • Municipality: SOUTH /HUNTINGTON PK.
  • Latitude: 33.9592
  • Longitude: -118.158

    Address

  • Full Address: 7947 Garfield Ave
  • Address - House Number: 7947
  • Address - Street Name: Garfield
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Bell Gardens
  • Carrier Code: C066
  • 4-Digit Zip Code: 5654
  • Zip Code: 90201

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,950
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 06-351

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $4,750,000
  • First Open Lien Mortgage Lender: JRRE HORIZON LLC
  • First Open Lien Mortgage Recording Date: Dec 02, 2022
  • First Open Lien Mortgage Loan Amount: $3,900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: WARLYN INC
  • Second Open Lien Mortgage Recording Date: Dec 02, 2022
  • Second Open Lien Mortgage Loan Amount: $850,000
  • Second Open Lien Mortgage Term: 12
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,165,500
  • Assessed Land Value: $1,530,000
  • Assessed Improvements Value: $5,635,500

    Sales

  • Current Sale Contract Date: Apr 19, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Transaction ID: 11886796959
  • Current Sale Price: $7,025,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 484970
  • Previous Sale Recording Date: Jul 15, 2004
  • Previous Sale Contract Date: May 18, 2004
  • Previous Sale Amount: $3,200,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LONE OAK FUND LLC
  • First Mortgage Transaction Date: May 04, 2022
  • First Mortgage Loan Amount: $4,215,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Amount: $500,000

    Previous Mortgages

  • Previous Mortgage Lender: IMPERIAL CAPITAL BANK
  • Previous Mortgage Transaction Date: Jul 15, 2004
  • Previous Mortgage Loan Amount: $1,900,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2034

About Bell Gardens



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Frequently Asked Questions

What neighborhood is 7947 Garfield Avenue located in?
The 7947 Garfield Avenue is a multifamily located in the neighborhood of Bell Gardens in Bell Gardens, Bell Gardens.
What is the average sales price for listings in 7947 Garfield Avenue?
The average sales price for units in 7947 Garfield Avenue is $0 currently.

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