9816 Park Street, Bellflower CA, 90706

Active

9816 Park Street

Bellflower CA, 90706

$2,375,550

$367.39 per sqft

Active

6,466 sqft

Condo

Built in 1972

Listed by Martin Marquez with eXp Realty of California Inc. 888-832-7179

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.

DW24075638

MLSⓇ ID

April 16, 2024

Listed

May 9, 2024

Updated

Map

9816 Park Street
Bellflower CA, 90706

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: Yes
Fireplace Description: None
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.23 Acres
Sewer: Public Sewer

Other Property Details

Area Name: RG - Bellflower North of 91 Frwy, S of Alondra
Days on Market: 11
Garage: No
Parking: Electric Gate, Gated, On Site, Paved
Parking Total: 0
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: BFR3*
Buyer Agency Compensation: 2%

Listing Contact: 888-832-7179

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/9/2024 at 3:38 PM UTC