$400,000 Price Reduction! Motivated Seller with Up-leg identified. 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.
| MLS # | OC26147602 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 66 |
| Listing Provided By | Pat Swanson | Pat Swanson |
| SQ Feet | 11,012 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Acreage | 0.40 |
| Lot Features | Sixteen To Twenty Units Acre, Rectangular Lot |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Suburban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Bellflower |
| Zip Code | 90706 |
| Area | RG Bellflower North of 91 Frwy | S of Alondra |
| Listing VS Median (in 90706) | |
Price: $3,998,000 low | high Med: $799,900 sqft: 11,012 low | high Med: 1,920 $ / sqft: $363 low | high Med: $417 On site: 66 low | high Med: 215 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Bellflower |
| Zip Code | 90706 |
| Area | RG Bellflower North of 91 Frwy | S of Alondra |
| Listing VS Median (in 90706) | |
Price: $3,998,000 low | high Med: $799,900 sqft: 11,012 low | high Med: 1,920 $ / sqft: $363 low | high Med: $417 On site: 66 low | high Med: 215 | |
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