$3,750,000
$3,750,000
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16 Beds
16 Baths
10,624 SqFt
SOLD DATE : 09/25/2023
Key Details
Sold Price $3,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,624 sqft
Price per Sqft $352
MLS Listing ID 23294679
Sold Date 09/25/23
Bedrooms 16
HOA Y/N No
Year Built 1956
Lot Size 0.414 Acres
Property Description
We are pleased to present this great investment opportunity situated in an excellent rental location of Bellflower. This beautiful 16 unit apartment building (built in 1956/1968) is a true turn-key income property that has spacious 1 Bedroom + 1 Bathroom units with opportunity to add-value. This building underwent cosmetic rehab in 2016 and is an easy to manage investment with a desirable low density layout on top of the great curbside appeal. There is substantial rental upside potential of +/- 46% with minimal landlord maintenance. There is plenty of on-site parking spaces, an on-site laundry and all units are separately metered for gas and electricity. Less than 100' from nearby Simms Park and a short commute to shopping and dining. There is no local rent control as this property is only subject to the statewide AB1482 which is currently 8.8% annually. Please call for more details.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Zoning BFR3*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Covered, Uncovered
Total Parking Spaces 20
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7106003014
Special Listing Condition Standard
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Bought with Peter Wollner • New Homes and Land Brokers
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States