Active
9816 Park Street
Bellflower CA, 90706
$2,315,000
$358.03 per sqft
Active
6,466 sqft
Condos
Built in 1972
Listed by Martin Marquez with eXp Realty of California Inc. 562-888-0488
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.
DW24247519
MLSⓇ ID
December 11, 2024
Listed
December 14, 2024
Updated
Map
9816 Park Street
Bellflower CA, 90706
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.23 Acres
Lot Features
Walkstreet
Sewer
Public Sewer
Other Property Details
Area Name
RG - Bellflower North of 91 Frwy, S of Alondra
Days on Market
3
Garage
Yes
Garage Spaces
5
Parking
On Site
Parking Total
5
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
BFR3*
Listing History
Date | Event | Price |
|---|---|---|
12/13/2024 | Price change | $2,315,000 4% |
Listing Contact: 888-832-7179
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/14/2024 at 11:42 PM UTC