Bellflower, CA 90706 9816 Park Street
$2,315,000
Pending
11 more
Presented By: Martin Marquez with eXp Realty of California Inc.; 562-888-0488
- MLS# DW24247519
- 12/11/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 2
Baths • 1
SQFT • 6,466
Garage • 5
Home Details
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.
Presented By: Martin Marquez with eXp Realty of California Inc.; 562-888-0488
Interior Features for 9816 Park Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 9816 Park Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.33
Carport Y/NNo
CityBellflower
Community FeaturesSidewalks
CoolingWallWindowUnits
CountyLos Angeles
Directionson park street
ElectricStandard
Electric Expense441.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2781.0
Garage Spaces5.0
Garage Y/NYes
Gross Income176238.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2411.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, Exchange1031
Lot Size Square Feet10085.0
Lot Size UnitsSquareFeet
MLS AreaRG - Bellflower North of 91 Frwy, S of Alondra
MaintenanceExpense11826.0
MobileHomeRemainsYNNo
Net Operating Income123482.0
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Operating Expense52756.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Lot416
Taxes$18,326
Tenant PaysCableTv
Total Actual Rent14085.0
Trash Expense5765.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense2006.0
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor
ZoningBFR3*
Exterior for 9816 Park Street
Building Area Total6466.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesWalkstreet
Lot Size Acres0.2315
Lot Size Area10085.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters9
Open Parking Y/NNo
Parking FeaturesOnSite
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate