Bellflower, CA 90706 9209 Artesia Boulevard

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Presented By: Tony Lopez with Berkshire Hathaway HomeService; 562-762-7403
  • MLS# RS24008638
  • 01/15/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 6
  • FootageSQFT • 4,610
  • GarageGarage • 2

Home Details

Attention investors! This is an extraordinary opportunity to acquire a versatile Commercial/Residential Income Property in the highly desirable City of Bellflower. You won't want to miss out on this must-see investment property, featuring 6 recently renovated units. Each unit has undergone meticulous rehab, including brand new kitchen cabinets, updated laminate flooring, upgraded recessed lighting, modern dual pane windows, and stylish bathrooms. The property offers a variety of unit configurations, including (4) spacious 2-bedroom/1-bathroom units, (1) 3-bedroom/2-bathroom unit, and 1 charming 1-bedroom/1-bathroom unit at the front. 7 carport parking spots and 2 car garages, with one currently rented as a storage unit. Additional renovations have been done to this property, including a new 30-year roof installed in 2022, a remote-controlled gate, new dual pane windows and doors, a multi-unit mailbox, and upgraded electrical, plumbing, and heating systems. Each unit is equipped with ceiling fans, modern kitchen cabinets, stylish bathroom showers, and sinks. Tenants are responsible for gas and electric, while the landlord covers water and trash. With all tenants on 12-month leases, you can expect stability and consistent income. Conveniently located in the heart of LA and Orange County, this property offers easy access to major freeways, (5, 91, 105, 710 and 605), and relatively close to Cerritos, Lakewood, and Downey malls, LAX, and more. What's more, the city of Bellflower does not have rent control, providing investors with even greater potential for return on investment. Don't hesitate, act quickly to secure this incredible opportunity. Remember, opportunities like this are rare. Don't miss your chance to own this remarkable property.
Presented By: Tony Lopez with Berkshire Hathaway HomeService; 562-762-7403

Interior Features for 9209 Artesia Boulevard

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesInside, SeeRemarks
Street SuffixBoulevard
Total Stories1
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 9209 Artesia Boulevard

Additional Parcels Y/NNo
Architectural StyleContemporary
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.87
Carport Spaces7.0
Carport Y/NYes
CityBellflower
Community FeaturesCurbs, StormDrains, StreetLights, Sidewalks
Construction MaterialsDrywall, Frame, Stucco
ContingencyNo Seller Contingencies
CoolingNone
CountyLos Angeles
Current FinancingPrivate
Days on Market104
DirectionsImmediately South of the 91 Freeway, between Lakewood Blvd., and Clark Avenue.
DisclosuresPrincipalisRealEstateLicensed
ElectricStandard
Electric Expense0.0
Entry Location1
Exterior FeaturesAwnings
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income164400.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3500.0
Interior FeaturesBlockWalls, CeilingFans, GraniteCounters, HighCeilings, RecessedLighting, Storage, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Conventional, Submit
Lot Size Square Feet12664.0
MLS AreaRF - Bellflower South of 91 Frwy
MobileHomeRemainsYNNo
Net Operating Income127616.0
New ConstructionNo
Number of Units Leased6
Open Parking Spaces3.0
Operating Expense31984.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Mixed, Reflective, Shingle
Security FeaturesCarbonMonoxideDetectors, SecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameArtesia
Tax Annual Amount21250.0
Tax Lot0000
Tax Year2022
Taxes$23,125
Tenant PaysElectricity, Gas
Total Units6
Trash Expense4259.0
UtilitiesSewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense1028.0
Waterfront Y/NNo
Year Built1951
Year Built SourceAssessor
ZoningBFM1

Exterior for 9209 Artesia Boulevard

Building Area Total4610.0
Crops Included Y/NNo
FencingBrick, Partial
Foundation DetailsCombination, Raised, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre, Level, NoLandscaping, NearPublicTransit, RectangularLot
Lot Size Acres0.2907
Lot Size Area12664.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Road Frontage TypeCityStreet, Highway
Road Surface TypePaved
SpaNo
Total Parking12.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,850,000
MLS#RS24008638
List Date 01/15/2024
Property Type Multi-Family
Phone 714.964.3311
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