9816 Park ST Active Save Request In-Person Tour Request Virtual Tour
Bellflower,CA 90706
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW24247519
Year Built 1972
Lot Size 10,085 Sqft
Source California Regional MLS
Property Description
**BACK ON MARKET**BUYER COULD NOT PERFORM** 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 (2025), a new 100-gallon water heater (2022), and full copper repiping (2011). Conveniently located near major highways and shopping centers, this property features on-site laundry and 14 parking spaces. Two units will be delivered vacant (a 2BR & 1BR) and a favorable cap rate of 5.77%; this is an ideal addition to any investment portfolio.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Washer/Dryer - Owned,Community Facility
Exterior
Parking Features Common Parking Area
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 7109026018
Special Listing Condition Not Applicable