Thank you
Martin Marquez
eXp Realty of California Inc.
888-832-7179
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.
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Water Source : Public
Sewer : Public Sewer
Windows: Double Pane Windows
Fireplace: None
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1972
Building Area Total: 6,466
Security Gate
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2315
Lot Size Source: Assessor
Lot Size Square Feet: 10085
Original List Price: 2,375,550
Listing Contract Date: 2024-04-16
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7109026018
Garage Description: Electric Gate,Gated,On Site,Paved
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: RG - Bellflower North of 91 Frwy, S of Alondra
Directions: Park st & Bellflower blvd
Zoning: BFR3*
Source Property Type: Residential Income
Area: RG - Bellflower North of 91 Frwy, S of Alondra
Property SubType: Apartment
Property Age: 52
Common Walls: 1 Common Wall
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
9548 Alondra Boulevard, Bellflower, CA,90706 | $549,000 | -- | -- | -- | 11452 Sqft |
17633 Virginia Avenue, Bellflower, CA,90706 | $2,460,000 | -- | -- | 6,021 | 21000 Sqft |
8723 Artesia #7, Bellflower, CA,90706 | $99,999 | 2 | 1 | 800 | -- |
9023 Maple Street, Bellflower, CA,90706 | $1,485,000 | 7 | 4 | 3,274 | 15888 Sqft |
8524 Park Street, Bellflower, CA,90706 | $862,500 | -- | -- | -- | 8679 Sqft |
9209 Artesia Boulevard, Bellflower, CA,90706 | $1,850,000 | -- | -- | 4,610 | 12664 Sqft |
17105 Woodruff Avenue, Bellflower, CA,90706 | $599,000 | -- | -- | 1,202 | 3516 Sqft |
9719 Beach Street, Bellflower, CA,90706 | $2,450,000 | -- | -- | 8,322 | 18995 Sqft |
15804 Lakewood Boulevard, Bellflower, CA,90706 | $3,650,000 | -- | -- | -- | 28505 Sqft |
14405 Cerritos Avenue, Bellflower, CA,90706 | $924,900 | 3 | -- | 1,836 | 7236 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 20:44
MLS: DW24075638
LISTED BY: Martin Marquez, eXp Realty of California Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.