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

5

Building size

2,720 sqft

Lot size

4,315 sqft

Year built

1937

Stories

1

Garage spaces

0

Heating

Ductless

Cooling

Ductless

Pool

None

Status

Active

Days on market

19

MLS #

247382340

About this property

5-Unit Investment Opportunity in Bellflower – $1,375,000 Excellent opportunity to acquire a well-maintained, low-maintenance 5-unit income property located at 9745 Maple St., Bellflower. The property generates $9,100 per month / $109,200 annually in gross rental income. The property features a desirable unit mix consisting of one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units. Current monthly rents are: 3 Bedroom – $2,000 2 Bedroom – $2,000 Three 1 Bedrooms – $1,700 each All five units were remodeled in 2023 and feature individual split-system air conditioning. The property also has a newer electrical panel. Tenants pay their own gas and electricity, helping to keep owner-paid utility expenses lower. The property is conveniently located within walking distance of shopping, dining, and everyday services, with easy access to major freeways and surrounding commercial and employment areas. Parking is available on the street; the property does not have on-site parking. Portions of two residential units incorporate areas that were formerly used as office space. Buyer is advised to independently verify permits, square footage, unit configurations, parking requirements, and permitted use with the City of Bellflower. Offered at $1,375,000, the property has a current Gross Rent Multiplier (GRM) of approximately 12.59 based on existing rents. An attractive opportunity for an investor seeking a remodeled, income-producing multifamily property in a convenient Bellflower location.

Location

9745 Maple

Bellflower, Los Angeles, CA, 90706