Ideally located only two lots off of the vibrant downtown of Bellflower Blvd. in Bellflower, California, this multifamily property offers an enticing investment opportunity, close walking proximity to dining and shopping, as well as convenient freeway access to the 91 and 605 freeways. The complex features nine units, including four 2-bedroom/1-bath, one 1-bedroom/1.5-bath, and four 1-bedroom/1-bath apartments, all supported by 14 gated parking spaces. Currently generating $13,215 in monthly income, with the potential to achieve approximately an income upside of $4,000 with modest rent adjustments,. All tenants are on a month-to-month lease, providing flexibility in management. Major updates include a new roof installed in 2007, a comprehensive copper re-pipe in 2011 with a 50-year warranty, a new 100-gallon water heater in 2022, and new windows in the majority of the units. Reach out for this opportunity today.
MLS #
CRDW24075638
MLS Source
California Regional MLS
Days on Site
32
Buyer's Brokerage Compensation*
2.00
Laundry
Community Facility
Cooling
Window/Wall Unit
Heating
Wall Furnace
Garage/Parking
Common Parking Area, Gate/Door Opener, Other, Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 9 | – |
9816 Park St is a Residential Income in Bellflower, CA 90706. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,375,550 and was built in 1972.
This address can also be written as 9816 Park St, Bellflower, CA 90706.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 03, 2024. For the most current information, please contact Martin Marquez, (562) 888-0488