REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$4,198,000

Est. payment - /mo

3 Beds

2 Baths

0.4 Acres Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26147602

Bedrooms 3

Lot Size 0.400 Acres

Property Sub-Type Res Income 2-4 Units

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

Zoning Assessor

Direction 91 Freeway West; Exit Bellflower Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7110024020

Read Less Info

Listed by Pat Swanson, DRE#01382974 Pat Swanson

Nearby School & Business

Get More Information

Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

Quick Search

9746 Park Bellflower, CA 90706

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information