9816 Park Street
Bellflower, CA 90706
$90,000.00 (+4.04%)
Active for $2,315,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 10,085 sqft
| MLS | DW24247519 |
| Year Built | 1972 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $2,315,000 |
| Structure Size | N/A sqft |
| Lot Size | 10,085 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Discover this exceptional investment opportunity in Bellflower! This well-maintained 9-unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100-gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey property features on-site laundry and 11 parking spaces. With a 100% occupancy rate and a favorable cap rate of 5.33%, this is an ideal addition to any investment portfolio.
Listing information courtesy of: Martin Marquez, eXp Realty of California Inc. 562-888-0488. *Based on information from the Association of REALTORS/Multiple Listing as of 01/07/2025 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®
Marcus Gear
REALTOR®
Direct: 760.835.0680
Email: Email Me
DRE: 02021561
DRE #01873088
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