First Team Real Estate Logo

Bellflower, CA 90706 9816 Park Street

$2,375,550

9816 Park Street Bellflower, Ca - Image 19816 Park Street Bellflower, Ca - Image 29816 Park Street Bellflower, Ca - Image 3
4 more
9816 Park Street Bellflower, Ca - Image 49816 Park Street Bellflower, Ca - Image 59816 Park Street Bellflower, Ca - Image 69816 Park Street Bellflower, Ca - Image 79816 Park Street Bellflower, Ca - Image 8
Presented By: Martin Marquez with eXp Realty of California Inc.; 562-888-4561
  • MLS# DW24075638
  • 04/17/2024
  • Request Tour
  • Request Info
  • BedBeds • 13
  • BathFull/Half Baths • 9 / 1
  • FootageSQFT • 6,466

Home Details

Ideally located only two lots off of the vibrant downtown of Bellflower Blvd. in Bellflower, California, this multifamily property offers an enticing investment opportunity, close walking proximity to dining and shopping, as well as convenient freeway access to the 91 and 605 freeways. The complex features nine units, including four 2-bedroom/1-bath, one 1-bedroom/1.5-bath, and four 1-bedroom/1-bath apartments, all supported by 14 gated parking spaces. Currently generating $13,215 in monthly income, with the potential to achieve approximately an income upside of $4,000 with modest rent adjustments,. All tenants are on a month-to-month lease, providing flexibility in management. Major updates include a new roof installed in 2007, a comprehensive copper re-pipe in 2011 with a 50-year warranty, a new 100-gallon water heater in 2022, and new windows in the majority of the units. Reach out for this opportunity today.
Presented By: Martin Marquez with eXp Realty of California Inc.; 562-888-4561

Interior Features for 9816 Park Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 9816 Park Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBellflower
Community FeaturesCurbs
ContingencySeller to use 1031 Exchange. at no additional cost to the buyer
CoolingWallWindowUnits
CountyLos Angeles
Days on Market11
DirectionsPark st & Bellflower blvd
ElectricStandard
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income158580.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2411.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoExistingLoan, Item1031Exchange
Lot Size Square Feet10085.0
MLS AreaRG - Bellflower North of 91 Frwy, S of Alondra
MobileHomeRemainsYNNo
Net Operating Income103116.0
New ConstructionNo
Number of Units Leased9
Operating Expense55464.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesSecurityGate
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Street NamePark
Tax Lot416
Taxes$34,340
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent13215.0
Total Units9
Trash Expense5133.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Water Sewer Expense1826.0
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor
ZoningBFR3*

Exterior for 9816 Park Street

Building Area Total6466.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2315
Lot Size Area10085.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesElectricGate, Gated, OnSite, Paved
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,375,550
MLS#DW24075638
List Date 04/17/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 9816 Park Street

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors