• Broker Martin Marquez Jr. 5628884561

9816 Park St

9 Unit Apartment Building $2,315,000 ($257,222/Unit) 5.33% Cap Rate Bellflower, CA 90706

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INVESTMENT HIGHLIGHTS

  • Desirable Mix of Units: Includes 4 two-bedroom and 5 one-bedroom apartments, catering to a broad tenant demographic.
  • Community Amenities: A landlord-owned community washer and dryer adds to the convenience, making daily living easier for tenants.
  • 100 Occupied, With monthly income of $13,215 an additional $4,000 a month in upside w market rents
  • Secure and Ample Parking: Features 14 secured parking spaces behind a security gate, ensuring convenience and safety for all residents.
  • Prime Location: Situated in the heart of downtown Bellflower, close proximity to major freeways.
  • Roof Was replaced in 2007, Full Copper repipe 2011(50yr warranty), New 100 Gallon Water Tank in 2022

EXECUTIVE SUMMARY

Nestled in the vibrant and sought-after downtown area of Bellflower, this 9-unit multifamily property represents a rare and exciting
investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout. Location Location Location!

ATTACHMENTS

4 Years of expenses and rentroll

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $207,792 $32.14
Other Income - -
Vacancy Loss - -
Effective Gross Income $207,792 $32.14
Taxes - -
Operating Expenses - -
Total Expenses $64,744 $10.01
Net Operating Income $143,048 $22.12

PROPERTY FACTS

Price $2,315,000
Price Per Unit $257,222
Sale Type Investment
Cap Rate 5.33%
Sale Condition 1031 Exchange
Gross Rent Multiplier 11.14
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 6,466 SF
Average Occupancy 100%
No. Stories 2
Year Built 1972
Parking Ratio 2.17/1,000 SF

SITE AMENITIES

  • Laundry Facilities

LINKS

Walk Score®
Very Walkable (81)

PROPERTY TAXES

Parcel Number 7109-026-018 Improvements Assessment $1,136,255
Land Assessment $315,621 Total Assessment $1,451,876

ZONING

Zoning Code R3

Map of 9816 Park St Bellflower, CA 90706

ADDITIONAL PHOTOS

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