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Bellflower, CA 90706 9533 Somerset Boulevard

$1,900,000

Sold: May 10, 2024
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Presented By: David Oronoz with Skyline Commercial Real Estate;
  • MLS# 23255865
  • 04/10/2023
  • Request Tour
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  • BedBeds • 10
  • BathBaths • 10
  • FootageSQFT • 5,834

Home Details

We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 40% upside in rents and nearly a 7.5% cap rate on market rents.
Presented By: David Oronoz with Skyline Commercial Real Estate;

General for 9533 Somerset Boulevard

Additional Parcels Y/NYes
Attached Garage No
Cap Rate4.42
Carport Y/NNo
CityBellflower
Close Price1765000.0
CoolingWallWindowUnits
CountyLos Angeles
Days on Market331
DirectionsOn Somerset Blvd between Clark Ave and Bellflower Blvd
Garage Y/NNo
Gross Income140124.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet14401.0
MLS AreaRJ - Bellflower N of Alondra, W of Bellflower
MobileHomeRemainsYNNo
Net Operating Income83902.0
New ConstructionNo
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories1
Street NameSomerset
Total Units9
View Y/NNo
Waterfront Y/NNo
Year Built1955
ZoningBFR3YY

Interior for 9533 Somerset Boulevard

1/4 Baths
3/4 Baths
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Full Baths
Half Baths0
Heating Y/NYes
LivingAreaSourceOther
Street SuffixBoulevard
Total Baths10
Total Bedrooms10
Total Stories1

Exterior for 9533 Somerset Boulevard

Building Area Total5834.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3306
Lot Size Area14401.0
Lot Size SourceOther
Lot Size UnitsSquareFeet
Number of Buildings5
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking9.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,900,000
MLS#23255865
List Date 04/10/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors