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Bellflower, CA 90706 9116 Palm Street

$4,198,000

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Presented By: Kevin Liang with KW Spectrum Properties; 949-295-7285
  • MLS# OC24059675
  • 03/26/2024
  • Request Tour
  • Request Info
  • BedBeds • 24
  • BathFull/Half Baths • 2 / 1
  • FootageSQFT • 12,704

Home Details

A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.
Presented By: Kevin Liang with KW Spectrum Properties; 949-295-7285

Interior Features for 9116 Palm Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Laundry FeaturesCommonArea, WasherHookup, GasDryerHookup, LaundryRoom, Stacked
Street SuffixStreet
Total Stories2
Window FeaturesBlinds, Screens

Other Rooms

Entry Level1

General for 9116 Palm Street

Additional Parcels Y/NNo
AppliancesDisposal, GasRange, GasWaterHeater, HotWaterCirculator, RangeHood, WaterHeater, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBellflower
Community FeaturesStormDrains, StreetLights, Sidewalks
ContingencySeller's will be doing a 1031 Exchange.
CoolingWallWindowUnits
CountyLos Angeles
Days on Market
DirectionsHeading W on 91 Freeway, Exit Clark Ave. and turn Left, Turn Right onto Palm St. Heading E on 91 Freeway, Exit Lakewood Blvd., and turn Right, Turn Left onto Artesia Blvd., Turn Right onto Virginia Ave., T
ElectricStandard
Electric Expense1350.0
Entry LocationFront
Exterior FeaturesRainGutters
Fuel Expense6000.0
Garage Spaces0.0
Garage Y/NNo
Gross Income333200.0
HOA0.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense7500.0
Interior FeaturesTileCounters, Unfurnished, BedroomonMainLevel, MainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet19571.0
MLS AreaRF - Bellflower South of 91 Frwy
MobileHomeRemainsYNNo
Net Operating Income297000.0
New ConstructionNo
Number of Units Leased16
Open Parking Spaces25.0
Operating Expense36200.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NamePalm
Tax Lot15
Tenant PaysElectricity, Gas
Total Actual Rent22269.0
Total Units16
Trash Expense4000.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense7100.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningBFR3*

Exterior for 9116 Palm Street

Building Area Total12704.0
Crops Included Y/NNo
FencingBlock, Wood, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.4493
Lot Size Area19571.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete, Gated, OneSpace, Uncovered
SpaNo
Total Parking25.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,198,000
MLS#OC24059675
List Date 03/26/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors