9816 Park Street, Bellflower, CA 90706

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Glen Henderson

[email protected] +1(619) 889-7646

$2,315,000

Est. payment - /mo

5 Beds

5 Baths

10,085 Sqft Lot

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UPDATED:

12/15/2024 07:05 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW24247519

Bedrooms 5

HOA Y/N No

Lot Size 10,085 Sqft

Type of Financing Cash,Exchange

Property Description

Discover this exceptional investment opportunity in Bellflower! This well-maintained 9-unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100-gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey property features on-site laundry and 11 parking spaces. With a 100% occupancy rate and a favorable cap rate of 5.33%, this is an ideal addition to any investment portfolio.
Discover this exceptional investment opportunity in Bellflower! This well-maintained 9-unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100-gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey property features on-site laundry and 11 parking spaces. With a 100% occupancy rate and a favorable cap rate of 5.33%, this is an ideal addition to any investment portfolio.

Location

State CA

County Los Angeles

Area Bellflower (90706)

Zoning Assessor

Interior

Cooling Wall/Window

Air Conditioning Wall/Window

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash, Exchange

Space Rent $1,235

Listing Terms Cash, Exchange

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Listed by Martin Marquez • eXp Realty of California Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

9816 Park Street Bellflower, CA 90706

Glen Henderson

Key Details

Location

Interior

Building

Others

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