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9816 Park St
For Sale $2,225,000
$2,225,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 10,085 Sq Ft
Description
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 5.20%, this is an ideal addition to any investment portfolio.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,225,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 5 spots |
| Year Built | 1972 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7109026018 |
| MLS # | DW24247519 |
| Property ID | 321109517 |
| Lot Sqft | 10,085 |
| Zoning | BFR3* |
| Total Units | 9 |
| Days on Market | 0 |
| Original List Price | $2,225,000 |
| Date Updated | December 11, 2024 |
| Date Created | December 11, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $14,085 | $0 |
| Net Income (Yr) | $ 123,482 |
| Cap Rate | 5.55% |
Listing Provided By
Martin Marquez an agent of . Lic #02012061
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 11, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT