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Property Description

Ideally located only two lots off of the vibrant downtown of Bellflower Blvd. in Bellflower, California, this multifamily property offers an enticing investment opportunity, close walking proximity to dining and shopping, as well as convenient freeway access to the 91 and 605 freeways. The complex features nine units, including four 2-bedroom/1-bath, one 1-bedroom/1.5-bath, and four 1-bedroom/1-bath apartments, all supported by 14 gated parking spaces. Currently generating $13,215 in monthly income, with the potential to achieve approximately an income upside of $4,000 with modest rent adjustments,. All tenants are on a month-to-month lease, providing flexibility in management. Major updates include a new roof installed in 2007, a comprehensive copper re-pipe in 2011 with a 50-year warranty, a new 100-gallon water heater in 2022, and new windows in the majority of the units. Reach out for this opportunity today.

Features
: Wall Furnace
: Wall/window Unit(s)
2
1
: Community
0
: Curbs
Additional Information
eXp Realty of California Inc.
0
DWMAMARQ
DWEXW
Martin
7109026018
: Standard, Trust
Two
35

Multi-Family For Sale

9816 Park Street, Bellflower, California 90706

6,466 Sqft
$2,375,550
Listing ID #DW24075638
Basic Details
Status : Active
DaysOnMarket : 11
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : DW24075638
Price : $2,375,550
Living Area : 6,466 Sqft
Lot Size : 10,085 Sqft
Year Built : 1972
Country : US
State : California
County : Los Angeles
City : Bellflower
Zipcode : 90706
Price Per Square Foot : $367
ModificationTimestamp : 2024-05-03 07:56:49
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