Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9020 Somerset Blvd Spc, Unit 20 Bellflower, CA 90706-3468
    Back to Search
    Property profile & analytics

    9020 Somerset Blvd Spc, Unit 20, Bellflower, CA 90706-3468

    View on Map
    • Mobile home & RV parks
    • 2,632 SF
    • 0.99 lot acres
    Off-Market
    Last Sale Aug 15, 2024
    $2,520,000
    Property ID
    US09-8448280
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 9020 Somerset Blvd Spc

    Year built
    1959
    Lot size
    0.99 lot acres
    Zone code
    BFM1*
    Property type
    Mobile home & RV parks
    APN
    6271-001-021
    APU
    6271001021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2024 $2,520,000 New Sunrise Investment LLC Raymond D Martin Grant Deed —
    May 9, 2023 $1,800,000 Raymond D Martin Raymond D Martin Grant Deed · related —
    Feb 8, 2018 — Martin Family Trust C Martin Family Trust Quit Claim Deed · related —
    Dec 6, 2017 — Martin Family Trust C Martin Family Trust Quit Claim Deed · related —
    Feb 16, 2017 — Vincent E Martin Martin,patricia E Affidavit Of Death · related —
    Jul 27, 1992 — Martin Vincent E Tr — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,520,000
      ML approach
      $2,520,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellflower
    County
    Los Angeles
    State
    California
    Longitude
    -118.142
    Latitude
    33.896
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,603
    $1,530,000
    $306,000
    $1,836,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $685,000
      6,039 SF

      15324 Lakewood Blvd

      MOBILE HOME PARK, TRAILER PARK
      15324 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • Value Estimation
      $8,715,000
      1,981 SF

      13440 Lakewood Blvd

      MOBILE HOME PARK, TRAILER PARK
      13440 Lakewood Blvd, Bellflower, CA 90706-2063
      View Details
    • Value Estimation by Request
      2,030 SF

      9023 Rose St

      MOBILE HOME PARK, TRAILER PARK
      9023 Rose St, Bellflower, CA 90706-7416
      View Details
    • Value Estimation by Request
      1,968 SF

      8723 Artesia Blvd

      MOBILE HOME PARK, TRAILER PARK
      8723 Artesia Blvd, Bellflower, CA 90706-6382
      View Details
    • Value Estimation
      $520,000
      1,531 SF

      9160 Sonrisa St

      MOBILE HOME PARK, TRAILER PARK
      9160 Sonrisa St, Bellflower, CA 90706-1800
      View Details
    • Value Estimation
      $865,000
      5,498 SF

      14815 Cerritos Ave

      MOBILE HOME PARK, TRAILER PARK
      14815 Cerritos Ave, Bellflower, CA 90706-2869
      View Details

    Similar Nearby for Sale

    • New
      $1,149,000
      2,803 SF

      Bellflower Quadruplex Bungalow For Sale

      Quadruplex bungalow in Bellflower, California, with 2,803 square feet.
      9724 Walnut St, Bellflower, CA 90706
      View Details
    • New
      $1,490,000
      2,926 SF

      Single Family Residence with Income Unit

      Recently renovated home with a contained 2-bedroom income unit and shared access to a large fenced backyard.
      10401 Park St, Bellflower, CA 90706
      View Details
    • Contact for pricing
      13,421 SF

      Bellflower Multifamily Investment Opportunity

      16-unit apartment building in Bellflower, Los Angeles County.
      9240 Palm St, Bellflower, CA 90706
      View Details
    • Contact for pricing
      7,350 SF

      Bellflower Multifamily Investment Opportunity

      13-unit apartment building in Bellflower, Los Angeles County.
      9545 Flower St, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Income-Producing Triplex Near Downtown

      Well-situated 3-unit property offers strong rental appeal.
      9520 Mayne St, Bellflower, CA 90706
      View Details
    • $975,000

      Income-Producing Triplex Near Downtown

      Well-situated 3-unit property near Downtown Bellflower.
      9520 Mayne St, Bellflower, CA 90706
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Project in Downtown Bellflower

      Mixed-use project with apartments and retail space near future Metro.
      16411 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Retail Space in Tally Ho Plaza

      Community shopping center space for lease in Bellflower, CA.
      10466-10502 Artesia Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing
      5,500 SF

      Bellflower Office Space Available

      5,500 sqft office space for rent in Bellflower, CA.
      16523 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • $12,500 /Mo

      Bellflower Retail Space For Rent

      Highly visible 4,896 SF retail space in Bellflower's commercial corridor.
      17812 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Retail Space in Lakewood Plaza

      Open-air shopping center in Bellflower, CA, near I-91.
      17220 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Bellflower Retail Space Available

      Retail space in a busy Bellflower location for lease.
      15909 Bellflower Blvd, Bellflower, CA 90706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9020 Somerset Blvd Spc, Unit 20
    Bellflower, CA 90706-3468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9020 Somerset Blvd Spc, Bellflower, CA, 90706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!