For Sale

Park Street

9816 Park St | Bellflower, CA 90706-5966, US

price$2,315,550
property typeCommercial Sale
year built1972

highlights

Key Features:
Desirable Mix of Units: Includes 4 two-bedroom and 5 one-bedroom apartments, catering to a broad tenant demographic.
Secure and Ample Parking: Features 14 secured parking spaces behind a security gate, ensuring convenience and safety for all residents.
Community Amenities: A landlord-owned community washer and dryer adds to the convenience, making daily living easier for tenants.
Prime Location: Situated in the heart of downtown Bellflower, the property offers unparalleled access to top-rated restaurants, shopping, and entertainment options—all within walking distance. Additionally, the proximity to major freeways (91 and 605) ensures easy commutes and connectivity.
Financial Highlights:
Strong Rental Income: Current rents provide a steady income stream with significant upside potential ($4,000/month) to align closer to Bellflower's market average.
High Occupancy Rate: Boasts a 100% occupancy rate with a history of reliable, long-term tenants, ensuring a stable investment.
Attractive Investment Returns: Current net operating income (NOI) is $103,116 with a cap rate of 4.12% and a pro forma projecting a cap rate of 5.45%.
Upgrades done to the property:
-New Roof in 2007
-Full copper re-pipe in 2011 (50-year warranty)
-New 100-gallon water heater in 2022
Investment Potential:
This property is not just a building; it's an opportunity to invest in the thriving community of Bellflower. With rents currently below the market average, there's ample room for growth in income and value. The combination of its excellent location, stable tenant base, and potential for rent increases makes this an ideal investment for those looking to expand their portfolio in a dynamic market.

property
details

STATUSActive
SALE PRICE PER UNIT$2,315,550
YEAR BUILT1972
PROPERTY TYPECommercial Sale
BUILDING SIZE6,466 SF
LOT SIZE0.2313 acres
CAP RATE5.33%
SALE PRICE$2,315,550
STORIES2
OCCUPANCY %100%
ZONINGBFR3
DAYS ON MARKET715

property
description

Nestled in the vibrant and sought-after downtown area of Bellflower, this 9-unit multifamily property represents a rare and exciting investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout, this property is designed to meet the needs of a diverse range of tenants. Each unit is a testament to comfortable living, boasting good condition with various upgrades made over time.

location
description

9816 Park St | Bellflower, CA 90706-5966, US

Bellflower, California, is a vibrant and growing community located in Los Angeles County. It offers residents and visitors a unique blend of suburban charm and urban convenience. This city is known for its warm, welcoming atmosphere and a diverse population that contributes to a rich cultural fabric. Bellflower boasts an array of local amenities, including a variety of well-regarded restaurants, cafes, and boutique shops, making it a desirable place for both leisure and living. The heart of downtown Bellflower is a bustling hub where people come together to enjoy dining, shopping, and entertainment options, all within walking distance. The city's strategic location provides easy access to major freeways, such as the 91 and 605, facilitating convenient commutes to employment centers throughout the Greater Los Angeles Area. Additionally, Bellflower is recognized for its quality schools and community parks, enhancing its appeal to families and young professionals alike. With its blend of modern conveniences and a commitment to community well-being, Bellflower offers an inviting urban environment while maintaining the charm of a close-knit community. It's a place where tradition and progress converge, making it an attractive location for residents seeking a balanced and engaging lifestyle. T

Chase Wybenga

Chase Wybenga

CA #02012062
(562) 888-0488

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