Value Add Opportunity
This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income.
Recent capital improvements include a brand-new roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways.
Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.
This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income.
Recent capital improvements include a brand-new roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways.
Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.
Property Details
Price:
$1,250,000
MLS #:
PW25176036
Status:
Active
Baths:
0
Address:
10004 Foster Road
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
Bellflower
Listed Date:
Aug 5, 2025
State:
CA
ZIP:
90706
Lot Size:
6,071 sqft / 0.14 acres (approx)
Year Built:
1956
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Schools
Interior
Exterior
Community Features
Biking, Curbs
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address10004 Foster Road Bellflower CA
- Area699 – Not Defined
- CityBellflower
- CountyLos Angeles
- Zip Code90706
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10004 Foster Road
Bellflower, CA
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