9316 Palm Street is in the city of Bellflower, California. This property was built in 2004 as a Condominium Development and each unit has an individual parcel number which allows a new investor to continue renting as apartments or sell individually as condominiums. The white papers for the condominiums have been put together which makes it easy for a condominium conversion.

The lot is 35,773 square feet and has six 2 story buildings with sixteen condominium caliber units. The sixteen units are
all 2 bedroom / 2 bathroom units and range in size from 910 square feet to 1,190 square feet. The units all have two car
garages with storage racks. The driveway's width measures 26 feet wide, similar to the width of a city street. This allows easy access to all of the garages. Because the units were built as condominium units each unit is individually metered for
water, gas and electric, with the tenant paying for all their utilities.

This is an amazing opportunity for an investor to purchase a turn key asset and raise the rents by 15% or complete the
condominium requirements and sell the units individually. An investor purchasing this property will end up with a new
construction asset in great condition.