9533 Somerset Boulevard, Bellflower, CA 90706

About this property

We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 40% upside in rents and nearly a 7.5% cap rate on market rents.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$1,765,000

Sold May 2024 · listed $1,900,000, orig. $2,250,000, on market March 2023 · MLS #23255865 · Source: CRMLS

Listing Agent: David Oronoz · Listing Office: Skyline Commercial Real Estate · Contact: 949-688-6530 · Bought with: Ryan Pratt · Skyline Commercial Real Estate

$1,720,000

Sold December 2022 · listed $2,225,000, orig. $2,425,000, on market September 2022 · MLS #22196779 · Source: CRMLS

Listing Agent: David Oronoz · Listing Office: Skyline Commercial Real Estate · Contact: 949-688-6530 · Bought with: David Oronoz · Skyline Commercial Real Estate

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