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$ 2,200,000
Est. payment /mo
Price Dropped by $115K
9816 Park Street Bellflower, CA 90706
5 Beds
5 Baths
10,085 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24247519
Bedrooms 5
HOA Y/N No
Lot Size 10,085 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
**BACK ON MARKET**BUYER COULD NOT PERFORM** 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 (2025), a new 100-gallon water heater (2022), and full copper repiping (2011). Conveniently located near major highways and shopping centers, this property features on-site laundry and 14 parking spaces. Two units will be delivered vacant (a 2BR & 1BR) and a favorable cap rate of 5.77%; this is an ideal addition to any investment portfolio.
**BACK ON MARKET**BUYER COULD NOT PERFORM** 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 (2025), a new 100-gallon water heater (2022), and full copper repiping (2011). Conveniently located near major highways and shopping centers, this property features on-site laundry and 14 parking spaces. Two units will be delivered vacant (a 2BR & 1BR) and a favorable cap rate of 5.77%; this is an ideal addition to any investment portfolio.
**BACK ON MARKET**BUYER COULD NOT PERFORM** 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 (2025), a new 100-gallon water heater (2022), and full copper repiping (2011). Conveniently located near major highways and shopping centers, this property features on-site laundry and 14 parking spaces. Two units will be delivered vacant (a 2BR & 1BR) and a favorable cap rate of 5.77%; this is an ideal addition to any investment portfolio.
Location
State CA
County Los Angeles
Area Bellflower (90706)
Zoning Assessor
Interior
Cooling Wall/Window
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Exchange
Space Rent $1,235
Listing Terms Cash, Exchange
Listed by Martin Marquez • eXp Realty of California Inc.