9816 Park Street, Bellflower, CA 90706

$2,315,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)

Status: Active

MLS# DW24247519

Price: $2,315,000

Beds: 0

Baths: 0

None fireplaces

Built in 1972

2 stories

0.23 acres

Lot size: 0.2315