CA > Bellflower
Bellflower, CA 90706,9816 Park ST
Bellflower, CA 90706,9816 Park ST
Bellflower, CA 90706,9816 Park ST
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$2,315,000
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10,084 Sqft Lot
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9816 Park ST Bellflower, CA 90706

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Kelly Corsino

Kelly Corsino

+1(949) 229-0019

UPDATED:

12/14/2024 11:11 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW24247519

HOA Y/N No

Year Built 1972

Lot Size 10,084 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Rg - Bellflower North Of 91 Frwy, S Of Alondra

Zoning BFR3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features On Site

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 5

Private Pool No

Building

Lot Description Walkstreet

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7109026018

Energy Description 2781.0

Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Martin Marquez • eXp Realty of California Inc. • 562-888-0488

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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9816 Park ST