Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

16

Building size

11,012 sqft

Lot size

17,429 sqft

Year built

1967

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

99

MLS #

244560268

About this property

Seller Financing Considered - MUST BE CLOSED BY NOVEMBER 5TH - $300,000 Price Reduction This exceptionally maintained 16 unit apartment community has benefited from more than $500,000 in recent capital improvements, including a new roof, new electrical subpanels, dual pane vinyl windows throughout, updated landscaping, and all new balconies. Approximately 50% of the units have been extensively renovated, providing investors with a quality asset requiring minimal near term capital expenditures. Just a two minute walk from the heart of Downtown Bellflower, the property features an attractive unit mix of (8) 2 Bedroom / 1 Bathroom units and (8) 1 Bedroom / 1 Bathroom units. Additional amenities include 24 parking spaces, spacious private patios and balconies, individual storage lockers for every tenant, and a large on site laundry facility. With no local rent control (subject only to California AB 1482), this investment offers stable in place cash flow, significant capital improvements already completed, and excellent long term rental growth potential.

Location

9746 Park

Bellflower, Los Angeles, CA, 90706