15
See all 15 photos
$4,198,000
Est. payment /mo
0.4 Acres Lot
New
9746 Park Bellflower, CA 90706
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26147602
HOA Y/N No
Year Built 1967
Lot Size 0.400 Acres
Property Sub-Type Apartment
Property Description
Offering an attractive 6.00% Cap Rate on current income, this exceptionally maintained 16 unit apartment community has benefited from more than $500,000 in recent capital improvements, including a new roof, new electrical subpanels, dual pane vinyl windows throughout, updated landscaping, and all new balconies. Approximately 50% of the units have been extensively renovated, providing investors with a quality asset requiring minimal near term capital expenditures. Just a two minute walk from the heart of Downtown Bellflower, the property features an attractive unit mix of (8) 2 Bedroom / 1 Bathroom units and (8) 1 Bedroom / 1 Bathroom units. Additional amenities include 24 parking spaces, spacious private patios and balconies, individual storage lockers for every tenant, and a large on site laundry facility. With no local rent control (subject only to California AB 1482), this investment offers stable in place cash flow, significant capital improvements already completed, and excellent long term rental growth potential.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Carport Spaces 2
Pool None
Community Features Suburban
Total Parking Spaces 24
Private Pool No
Building
Lot Description 16-20 Units/Acre, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7110024020
Energy Description 4425.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Pat Swanson Pat Swanson 213-864-2862, DRE #01382974
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