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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.
Features
: Wall Furnace
: Wall/window Unit(s)
2
1
: Community
0
: Sidewalks
Additional Information
eXp Realty of California Inc.
0
DWMAMARQ
DWEXW
Martin
7109026018
: Standard
5
Two
35
Multi-Family For Sale
9816 Park Street, Bellflower, California 90706
6,466 Sqft
$2,315,000
Listing ID #DW24247519
Basic Details
Status : Active
DaysOnMarket : 3
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : DW24247519
Price : $2,315,000
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 : $358
ModificationTimestamp : 2024-12-14 11:58:52