$2,300,000
$2,550,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
11 Baths
8,628 SqFt
SOLD DATE : 12/29/2023
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,628 sqft
Price per Sqft $266
MLS Listing ID 23-307811
Sold Date 12/29/23
Style Garden Home
Bedrooms 15
Year Built 1977
Lot Size 0.433 Acres
Property Description
9137 Park is a sprawling townhouse complex located 1 mile west of Downtown Bellflower that features seven value-add townhouse-style units not subject to local rent control. These townhomes fall under State of California rent control, which allows for an annual rent increase of 5% + CPI (currently 8.8%). The property presents approx. 27% rental upside compared to renovated townhomes in the area, and is offered at $296 per foot, which at the list price it stabilizes at a 6.07% CAP rate and 11.49 GRM. Residing on an 18,842 SF lot, 9137 Park features an attractive unit mix comprising of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. townhouse-style units. Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify).
Location
State CA
County Los Angeles
Area Bellflower North Of 91 Frwy, S Of Alondra
Zoning BFR2PD*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Flooring Carpet, Wood Laminate
Equipment Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Freezer, Washer
Laundry Garage, In Unit
Exterior
Garage Garage - 1 Car, Uncovered
Garage Spaces 14.0
View Y/N No
View None
Building
Story 2
Architectural Style Garden Home
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass