9533 Somerset Boulevard
Bellflower, CA 90706
$350,000.00 (-15.56%)
Closed for $1,765,000
Beds: 10 Baths: 10 Structure Size: 5,834 sqft Lot Size: 14,401 sqft
| MLS | 23255865 |
| Year Built | 1955 |
| Property Type | |
| County | Los Angeles |
| Status | Closed |
| Closed | $1,765,000 |
| Structure Size | 5,834 sqft |
| Lot Size | 14,401 sqft |
| Beds | 10 |
| Baths | 10 |
Description
We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 40% upside in rents and nearly a 7.5% cap rate on market rents.
Listing information courtesy of: David Oronoz, Skyline Commercial Real Estate 949-688-6530. *Based on information from the Association of REALTORS/Multiple Listing as of 02/02/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Hamlet Danielyan
REALTOR®
Direct: 818.355.4253
Email: Email Me
DRE: 01918170
DRE #01873088
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