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

7

Building size

5,040 sqft

Lot size

8,022 sqft

Year built

1963

Stories

2

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

0

MLS #

248668954

About this property

Excellent investment opportunity in the rapidly developing city of Bellflower! This well-maintained mixed-use property at 9434 Flower Street features four large 2bed/1bath residential apartments and three commercial spaces, offering a diversified income stream with attractive upside potential. Currently grossing $129,000 annually in rental income and operating at a 6.34% cap rate, the property offers the potential to achieve a 7.26% cap rate with further upgrades and rental adjustments. Several of the residential units have undergone renovations, minimizing immediate maintenance needs, while the commercial spaces provide additional income stability. Ideal for both investors and owner-users, the property offers the flexibility to occupy one of the residential units while generating income from the remaining apartments and commercial spaces, subject to tenant occupancy and applicable requirements. With strong in-place returns, multiple income sources, and an opportunity to further increase NOI without extensive capital improvements, this is an attractive opportunity for investors seeking immediate cash flow, long-term appreciation, or a place to call home while building equity.

Location

9434 Flower St

Bellflower, Los Angeles, CA, 90706