9816 Park Street, Bellflower

$2,375,550

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13 Beds
10 Baths
.23 Acre
0 Garage

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.

Essential Information

MLS® #
DW24075638
Price
$2,375,550
Bedrooms
13
Bathrooms
10.00
Acres
0.23
Year Built
1972
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
9816 Park Street
City
Bellflower
County
Los Angeles
Zip Code
90706
Community Features
Curbs
Senior Community
N

Area

RG - Bellflower North of 91 Frwy, S of Alondra

Amenities

Pool
None

Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Parking

Gated, Paved, Electric Gate, On Site

Garages

Gated, Paved, Electric Gate, On Site

Interior

Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
Fireplaces
None
# of Stories
2
Stories
Two

Exterior

Windows
Double Pane Windows

Additional Information

Date Listed
April 16th, 2024
Days on Market
27
Zoning
BFR3*

Listing Details

Agent
Martin Marquez
Office
eXp Realty of California Inc.
Property History
Price Reduced from $2,499,999 to $2,375,550

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Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 3:20pm PDT. 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, 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.