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Listed by Martin Marquez • eXp Realty of California Inc.
$ 2,315,000
Est. payment /mo
Active
9816 Park Street Bellflower, CA 90706
6,466 SqFt
UPDATED:
12/15/2024 03:46 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,466 sqft
Price per Sqft $358
MLS Listing ID CRDW24247519
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1972
Lot Size 10,085 Sqft
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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Community Facility
Building
Water Public
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