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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.
Property Type(s):
Residential Income
| Last Updated | 12/13/2024 | Year Built | 1972 |
|---|---|---|---|
| Community | Bellflower North of 91 Frwy, S of Alondra | Garage Spaces | 5.0 |
| County | Los Angeles |
Price History
| Prior to Dec 13, '24 | $2,225,000 |
|---|---|
| Dec 13, '24 - Today | $2,315,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Bellflower North of 91 Frwy, S of Alondra |
| GARAGE | On Site, Yes |
| HEAT | Wall Furnace |
| LOT | 10085 sq ft |
| LOT DESCRIPTION | Walkstreet |
| PARKING | On Site |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard |
| WATER | Public |
| ZONING | BFR3* |
Location
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Listed with eXp Realty of California Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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