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.
Property Details
Price:
$2,315,000
MLS #:
DW24247519
Status:
Active
Baths:
0
Address:
9816 Park Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
rgbellflowernorthof91frwysofalondra
City:
Bellflower
Listed Date:
Dec 11, 2024
State:
CA
ZIP:
90706
Lot Size:
10,085 sqft / 0.23 acres (approx)
Year Built:
1972
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Sidewalks
Electric
Standard
Garage Spaces
5.00
Lot Features
Walkstreet
Parking Features
On Site
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Cable T V
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address9816 Park Street Bellflower CA
- AreaRG – Bellflower North of 91 Frwy, S of Alondra
- CityBellflower
- CountyLos Angeles
- Zip Code90706
Similar Listings Nearby
- 7230 Cortland Avenue
Paramount, CA$2,898,999
3.67 miles away
- 651 E 46th Street
Long Beach, CA$2,895,000
4.20 miles away
- 3402 Gundry Avenue
Long Beach, CA$2,895,000
4.96 miles away
- 6062 Atlantic Avenue
Long Beach, CA$2,850,000
3.57 miles away
- 10611 Western Avenue
Downey, CA$2,750,000
4.78 miles away
- 2201 E Compton Boulevard
Compton, CA$2,500,000
4.46 miles away
- 17825 Clark Avenue
Bellflower, CA$2,350,000
0.78 miles away
- 10987 Wright Road
Lynwood, CA$2,300,000
4.70 miles away
- 5250 Hayter Avenue
Lakewood, CA$2,165,000
2.09 miles away
Courtesy of eXp Realty of California Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.9816 Park Street
Bellflower, CA
LIGHTBOX-IMAGES