Bellflower, CA 90706 9040 9042 Ramona Street

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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25117993
  • 05/27/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 1
  • SQFT • 18,216

Home Details

Ramona Street Apartments is a 22-unit multifamily investment property located at 9040 - 9042 Ramona Street in Bellflower, CA. Located on the border of Bellflower, Lakewood, & Long Beach, Ramona Street Apartments is uniquely placed in-close proximity of top destinations and major employment hubs including Lakewood Center, Los Cerritos Center, the Promenade at Downey, and Long Beach Airport, all of which are situated within 4 miles of the property. Furthermore, Ramona Street Apartments’ proximity to Lakewood Boulevard and State Route 91 provides residents with convenient access throughout Southern California. Ramona Street Apartments offers an attractive mix of one and two-bedroom units, averaging over 825 square feet. This diverse mix of floor plans helps the property appeal to a broad renter pool. The property, built in 1961 on a spacious 0.75-acre parcel, features desirable amenities including gated access, ample parking, a swimming pool, an on-site laundry facility, and a spacious yard with a communal BBQ and picnic area. In summary, the property’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With upside and strong rental metrics, Ramona Street Apartments represents an attractive opportunity for a new owner seeking well-located units.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com

Interior Features for 9040 9042 Ramona Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 9040 9042 Ramona Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.31
Carport Y/NNo
CityBellflower
Community FeaturesCurbs, Gutters, Sidewalks, Pool
CountyLos Angeles
DirectionsCross Streets of Ramona Street & Lakewood Boulevard
Electric Expense8903.0
Entry LocationFirst level
Fuel Expense8903.0
Garage Spaces0.0
Garage Y/NNo
Gross Income533252.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense17600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet32670.0
Lot Size UnitsAcres
MLS AreaRF - Bellflower South of 91 Frwy
Maintenance Expense16500.0
MobileHomeRemainsYNNo
Net Operating Income335115.0
New ConstructionNo
Number Of Units Total22
Open Parking Spaces33.0
Operating Expense182515.0
Pool FeaturesCommunity
PostalCityBELLFLOWER
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot27
Taxes$59,566
Trash Expense8903.0
Water Sewer Expense8903.0
Year Built1961
Year Built SourceAssessor
ZoningBFM1*

Exterior for 9040 9042 Ramona Street

Building Area Total18216.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.75
Lot Size Area0.75
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters22
Number of Separate Gas Meters22
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking33.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $5,315,000
MLS#OC25117993
List Date 05/27/2025
Property Type Multi-Family
Phone 714.742.6515
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