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An excellent opportunity to acquire a well-maintained 5-unit mixed-use building in Bell?ower, CA. Located at 15729 Bell?ower Blvd, this commercial asset was built in 1944. The front building offers two storefront retail/of?ce units on the ground level and two 1 bed + 1 bath apartments on the second story. The back building has been operating for 40+ years as an auto repair shop. Building square footage on title shows 2,112 but the entire square footage including the auto repair shop is estimated to be 4,612 gross rentable square feet. Both buildings are situated on a large 8,607 square foot lot. Recent improvements include new silicone sealant on roofs with a 10 year warranty, two new electrical subpanels and interior renovations to both apartment units. The property is within close proximity to the intersection of Bell?ower Blvd and Alondra Blvd and boasts a diverse surrounding tenant mix. Nearby tenants include WaBa Grill, Round Table Pizza, Cold Stone Creamery, O’Reilly Auto Parts, Smart & Final, Panda Express, Jersey Mike’s Subs and US Bank just to name a few. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return. The long-standing auto repair shop provides an exceptional opportunity for a new owner to operate their business in a location with a proven track record for success. Both apartment units will be delivered vacant at close of escrow. One of the best options for a buyer may be to obtain SBA ?nancing, operate in the auto repair space and utilize income from the other rental units to cover expenses and a portion of the loan payments.
Property Type(s):
Residential Income
| Last Updated | 10/31/2024 | Year Built | 1944 |
|---|---|---|---|
| Community | Bellflower N of Alondra, W of Bellflower | Garage Spaces | 8.0 |
| County | Los Angeles |
Additional Details
| AREA | Bellflower N of Alondra, W of Bellflower |
|---|---|
| GARAGE | Yes |
| LOT | 8607 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | BFCGYY |
Location
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Listed with Justin White
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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