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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$4,198,000

Est. payment - /mo

0.4 Acres Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26147602

HOA Y/N No

Year Built 1967

Lot Size 0.400 Acres

Property Sub-Type Apartment

Property Description

Offering an attractive 6.00% Cap Rate on current income, 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.

Location

State CA

County Los Angeles

Area Rg - Bellflower North Of 91 Frwy, S Of Alondra

Interior

Fireplace No

Laundry Common Area, Washer Hookup, Electric Dryer Hookup

Exterior

Carport Spaces 2

Pool None

Community Features Suburban

Total Parking Spaces 24

Private Pool No

Building

Lot Description 16-20 Units/Acre, Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7110024020

Energy Description 4425.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Pat Swanson Pat Swanson 213-864-2862, DRE #01382974

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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9746 Park Bellflower, CA 90706

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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