Listing provided courtesy of Martin Marquez of eXp Realty of California Inc.. Last updated 2024-12-26 09:11:26.000000. Listing information © 2024 CRMLS.
Asking Price: $2,315,000
9816 Park, Bellflower CA 90706
Community: RG - Bellflower North of 91 Frwy, S of Alondra
Status: Active
This Apartment property was built in 1972 and is priced at $2,315,000. Please see the additional details below.
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.