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Property Description

Seize the opportunity to own a meticulously maintained 5-unit multifamily investment property in Bellflower, just a short walk from the revitalizing downtown district. Extensively renovated 10 years ago, this property features a new roof, upgraded plumbing, and electrical. Several units have been tastefully updated with tiled kitchens and granite countertops. The property includes two garage parking spaces, three carport spaces, on-site laundry, separate gas and electric meters, and individual hot water heaters for each unit. With its attractive curb appeal and prime location adjacent to a vibrant downtown area, this property offers an exceptional investment opportunity. Currently generating a solid 6.07% cap rate and a 10.66 Gross Income Multiplier (GIM), it provides a strong ROI from day one. This is a rare find for investors seeking both stability and growth in a dynamic market.

Features
: Wall Furnace
2
: Individual Room
0
Additional Information
Remax Commercial and Investment Realty
0
CLW-C107472
CLW-X7538301
Nicholas
7106018010
: Standard
Two
32

Multi-Family For Sale

9608 Olive Street, Bellflower, California 90706

2,336 Sqft
$1,050,000
Listing ID #24434815
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24434815
Price : $1,050,000
Living Area : 2,336 Sqft
Lot Size : 4,901 Sqft
Year Built : 1949
Country : US
State : California
County : Los Angeles
City : Bellflower
Zipcode : 90706
Price Per Square Foot : $449
ModificationTimestamp : 2024-09-03 15:46:33
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