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9816 Park Street
Bellflower, CA 90706
Residential Multi Family (Apartment)
0.23 Acres
6466 Sqft Living Area
13 Bedrooms
10 Bathrooms (9 Full, 1 Half)
Year Built: 1972
$2,375,550
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Property Description
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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Contact Details
Name: Martin Marquez
Email: martin.chase@presolutionsnow.com
MLS Listing Id: DW24075638
Agent Phone: (562) 888-0488
List Agent License: 02012061
Office Name: eXp Realty of California Inc.
Office Phone: (888) 832-7179
Office MLS Id: DWEXW
Listing Status: Active
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Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
