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Bellflower,CA 90706
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW24247519
Originating Board California Regional MLS
Year Built 1972
Lot Size 10,085 Sqft
Property Description
Discover this exceptional investment opportunity in Bellflower! This well-maintained 9-unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100-gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey property features on-site laundry and 11 parking spaces. With a 100% occupancy rate and a favorable cap rate of 5.33%, this is an ideal addition to any investment portfolio.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Washer/Dryer - Owned,Community Facility
Exterior
Parking Features Common Parking Area
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 7109026018
Special Listing Condition Not Applicable