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

SingleFamilyResidence

Bedrooms

8

Building size

8,709 sqft

Lot size

36,862 sqft

Year built

1929

Stories

2

Garage spaces

2

Style

Traditional

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

2

MLS #

247524620

About this property

*** A RARE Opportunity to ACQUIRE a FULLY ENTITLED & APPROVED 48-unit SENIOR HOUSING DEVELOPMENT in Bellflower California. Offered together with TWO existing INCOME PRODUCING RESIDENTIAL parcels. The existing properties consist of 8-Rental units generating $ 14,540 a month / $ 174,480 yearly. Side note- Rent increases coming in a couple months. This is 2 separate parcels with 1 loan for the entire property. This is your chance to ACQUIRE a fully entitled senior housing development opportunity while benefiting from an existing income producing residential portfolio. Existing rental income provides an immediate income stream while the Buyer/Investor/Developer executes his Strategy for his Future Development with this Entire Property. Buy & Build at your Leisure to maximize terms and market. At $ 3,995,000 Sales Price with a Fully Entitled & Approved 48-units is only $ 83,229 a Door. With an estimated $ 2,150 Rents per unit conservatively for a completely Brand-New Build and all the amenities' totals $ 103,200 a month with yearly total of $ 1,238,400 yearly. Development documentation available to qualified buyers/investors/developers. *** Take a look and the Architectural plans and AERIAL Video showing the front, sides and back of this Project in the Supplement Section. A RARE & WONDERFUL OPPORTUNITY to own a Brand New 48 Unit Senior Housing Development.

Location

10044 Alondra

Bellflower, Los Angeles, CA, 90706