Bellflower, CA 90706,Address not disclosed
Bellflower, CA 90706,Address not disclosed
Bellflower, CA 90706,Address not disclosed
Bellflower, CA 90706,Address not disclosed
Bellflower, CA 90706,Address not disclosed
Bellflower, CA 90706,Address not disclosed
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$3,750,000

$3,750,000

Est.Price: ?

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Est. payment /mo

16 Beds

16 Baths

10,624 SqFt


SOLD DATE : 09/25/2023

Key Details

Sold Price $3,750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,624 sqft

Price per Sqft $352

MLS Listing ID 23294679

Sold Date 09/25/23

Bedrooms 16

HOA Y/N No

Year Built 1956

Lot Size 0.414 Acres

Property Description

We are pleased to present this great investment opportunity situated in an excellent rental location of Bellflower. This beautiful 16 unit apartment building (built in 1956/1968) is a true turn-key income property that has spacious 1 Bedroom + 1 Bathroom units with opportunity to add-value. This building underwent cosmetic rehab in 2016 and is an easy to manage investment with a desirable low density layout on top of the great curbside appeal. There is substantial rental upside potential of +/- 46% with minimal landlord maintenance. There is plenty of on-site parking spaces, an on-site laundry and all units are separately metered for gas and electricity. Less than 100' from nearby Simms Park and a short commute to shopping and dining. There is no local rent control as this property is only subject to the statewide AB1482 which is currently 8.8% annually. Please call for more details.

Location

State CA

County Los Angeles

Area Rg - Bellflower North Of 91 Frwy, S Of Alondra

Zoning BFR3*

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Covered, Uncovered

Total Parking Spaces 20

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7106003014

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Peter Wollner • New Homes and Land Brokers

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