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Listed by Martin Otillo Marquez • eXp Realty of California Inc.
$ 2,315,000
Est. payment /mo
Active
9816 Park Street Bellflower, CA 90706
6,466 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,466 sqft
Price per Sqft $358
MLS Listing ID DW-24247519
Year Built 1972
Lot Size 10,085 Sqft
Property Sub-Type Apartment
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.
Location
State CA
County Los Angeles
Area Rg - Bellflower N Of 91 Frwy, S Of Alondra
Zoning BFR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Community
Exterior
Parking Features On Site
Garage Spaces 5.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Walkstreet
Sewer Public Sewer