Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
See all 13 photos

$2,300,000

$2,550,000

9.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


TheMLS (CLAW)
Listed by Compass
Bought with Compass

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.