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Listed by Pat Swanson • Pat Swanson
$4,049,000
Est. payment /mo
11,012 SqFt
Price Dropped by $149K
9746 Park Bellflower, CA 90706
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,012 sqft
Price per Sqft $367
MLS Listing ID OC-26147602
Year Built 1967
Lot Size 0.400 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Offering an attractive 6.00% Cap Rate on current income, this exceptionally maintained 16 unit apartment community has benefited from more than $500,000 in recent capital improvements, including a new roof, new electrical subpanels, dual pane vinyl windows throughout, updated landscaping, and all new balconies. Approximately 50% of the units have been extensively renovated, providing investors with a quality asset requiring minimal near term capital expenditures. Just a two minute walk from the heart of Downtown Bellflower, the property features an attractive unit mix of (8) 2 Bedroom / 1 Bathroom units and (8) 1 Bedroom / 1 Bathroom units. Additional amenities include 24 parking spaces, spacious private patios and balconies, individual storage lockers for every tenant, and a large on site laundry facility. With no local rent control (subject only to California AB 1482), this investment offers stable in place cash flow, significant capital improvements already completed, and excellent long term rental growth potential.
Location
State CA
County Los Angeles
Area Rg - Bellflower N Of 91 Frwy, S Of Alondra
Interior
Laundry Common Area, Electric Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Suburban
Building
Lot Description Lot 10000-19999 Sqft, Rectangular Lot, 16-20 Units/Acre
Sewer Public Sewer
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