Cottage Style Fourplex on Large Lot | 9720 Cedar St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Cottage Style Fourplex on Large Lot 9720 Cedar St
4 Unit Apartment Building $1,400,000 ($350,000/Unit) 6.89% Cap Rate Bellflower, CA 90706
Investment Highlights
- Unique Cottage Style Fourplex in Bellflower - This opportunity consists of all single level cottage style units on an oversized lot.
- ADU Play - With 4 single car garages built in 2019, a new investor can take advantage of the newer structure and build an ADU (buyer to verify).
- No Local Rent Control – Only Subject to AB-1482 - The property is subject to AB-1482 State Rent Control, making it easier to raise rents in the future
- Two Units Vacant - The larger cottage and back cottage will be delivered vacant at close of escrow making this the perfect owner-user opportunity.
- Washer Dryer Hookups and Ample Parking - Each unit has a washer/dryer hookup and there is ample parking on-site.
Executive Summary
We are proud to present this unique 4-unit apartment opportunity in the city of Bellflower! The offering features a total of 4 single level cottage style units consisting of 4,532 total building square feet on a massive 18,996 square foot lot. The unit mix comprises of one 2-bedroom/1.5-bathroom plus den and three 2-bedroom/1-bathroom units. There is immediate upside or owner-user potential with the larger front house and back cottage being delivered vacant at close of escrow. All units include washer/dryer hookups and spacious floorplans! Along the property there is ample parking on-site. There are 7 single car garages (4 built in 2019) along with multiple open spaces and carports. The garages built in 2019 are an easy ADU play as it is a newer structure with electrical already in place (buyer to verify). Most utilities are individually metered on the property including gas and electricity keeping utility costs relatively low. Bellflower does not have local rent control, making this property subject to AB-1482 allowing healthy rent increases for the future owner. Located in a residential area, the property benefits from a quiet environment while being close to essential services and retail. The proximity to major thoroughfares allows for easy commuting to nearby cities, with public transport options available. Do not miss your opportunity to acquire this rare asset in the city of Bellflower!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $132,612 | $29.26 |
Other Income | - | - |
Vacancy Loss | $3,978 | $0.88 |
Effective Gross Income | $128,634 | $28.38 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $32,208 | $7.11 |
Net Operating Income | $96,426 | $21.28 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | $132,612 |
Annual Per SF | $29.26 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | $3,978 |
Annual Per SF | $0.88 |
Effective Gross Income | |
---|---|
Annual | $128,634 |
Annual Per SF | $28.38 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $32,208 |
Annual Per SF | $7.11 |
Net Operating Income | |
---|---|
Annual | $96,426 |
Annual Per SF | $21.28 |
Property Facts
Price | $1,400,000 | Apartment Style | Single Family Home |
Price Per Unit | $350,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.44 AC |
Cap Rate | 6.89% | Building Size | 4,532 SF |
Gross Rent Multiplier | 10.56 | Average Occupancy | 50% |
No. Units | 4 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1923 |
Property Subtype | Apartment | Parking Ratio | 4.19/1,000 SF |
Price | $1,400,000 |
Price Per Unit | $350,000 |
Sale Type | Investment |
Cap Rate | 6.89% |
Gross Rent Multiplier | 10.56 |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Single Family Home |
Building Class | C |
Lot Size | 0.44 AC |
Building Size | 4,532 SF |
Average Occupancy | 50% |
No. Stories | 1 |
Year Built | 1923 |
Parking Ratio | 4.19/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 3 | $2,648 | - |
2+1.5 | 1 | $3,250 | - |
1 of 1
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
Parcel Number | 7161-018-006 | Improvements Assessment | $610,714 |
Land Assessment | $923,875 | Total Assessment | $1,534,589 |
PROPERTY TAXES
Parcel Number
7161-018-006
Land Assessment
$923,875
Improvements Assessment
$610,714
Total Assessment
$1,534,589
zoning
Zoning Code | BFR2 |
BFR2 |
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Cottage Style Fourplex on Large Lot | 9720 Cedar St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.