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$3,899,000

Under Contract

9746 Park

Bellflower, CA

MLS# OC26147602

Apartment
121 days on marketNalren refreshed

Listing Agent

Pat Swanson

Listing Agent

Pat Swanson

DRE #: 01382974

(213) 864-2862

Brokerage: Pat Swanson

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1967

Year Built

0.4 acres

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

Seller Financing Considered - MUST BE CLOSED BY NOVEMBER 5TH - $300,000 Price Reduction This exceptionally maintained 16 unit apartment community has benefited from more than $500,000 in recent capital improvements, including a new roof, new electrical subpanels, dual pane vinyl windows throughout, updated landscaping, and all new balconies. Approximately 50% of the units have been extensively renovated, providing investors with a quality asset requiring minimal near term capital expenditures. Just a two minute walk from the heart of Downtown Bellflower, the property features an attractive unit mix of (8) 2 Bedroom / 1 Bathroom units and (8) 1 Bedroom / 1 Bathroom units. Additional amenities include 24 parking spaces, spacious private patios and balconies, individual storage lockers for every tenant, and a large on site laundry facility. With no local rent control (subject only to California AB 1482), this investment offers stable in place cash flow, significant capital improvements already completed, and excellent long term rental growth potential.

Facts & Features

Interior

Laundry Features
Community Laundry, Electric Dryer Hookup, Washer Hookup

Exterior

Private Pool
No
Lot Features
Rectangular Lot, Sixteen To Twenty Units Acre

Building

Year Built
1967
Building Area Total
11,012
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
0
Parking Total
24

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