9816 Park Street, Bellflower, CA 90706
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- MLS#: DW24247519 ( Apartment )
- Street Address: 9816 Park Street
- Viewed: 3
- Price: $2,315,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 0
- Days On Market: 17
- Additional Information
- County: LOS ANGELES
- City: Bellflower
- Zipcode: 90706
- Provided by: eXp Realty of California Inc.
- Contact: Martin Martin
- DMCA Notice
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DescriptionDiscover this exceptional investment opportunity in Bellflower! This well maintained 9 unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100 gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey property features on site laundry and 11 parking spaces. With a 100% occupancy rate and a favorable cap rate of 5.33%, this is an ideal addition to any investment portfolio.
Property Location and Similar Properties
Features
Assessments
- Unknown
Building Area Total
- 6466.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
Cooling
- Wall/Window Unit(s)
Country
- US
Electric
- Standard
Electric Expense
- 441.00
Fireplace Features
- None
Fuel Expense
- 2781.00
Garage Spaces
- 5.00
Heating
- Wall Furnace
Insurance Expense
- 2411.00
Laundry Equipment Own Lease
- Own
Laundry Features
- Community
Laundry Income
- 1800.00
Levels
- Two
Lot Features
- Walkstreet
Netoperatingincome
- 123482.00
Newtaxesexpense
- 18326.00
Parcel Number
- 7109026018
Parking Features
- On Site
Pool Features
- None
Professionalmanagementexpense
- 9200.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 428521938:CRM
Tenant Pays
- Cable TV
Totalactualrent
- 14085.00
Totalexpenses
- 52756.00
Trash Expense
- 5765.00
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
Water Sewer Expense
- 2006.00
Water Source
- Public
Year Built
- 1972
Year Built Source
- Assessor
Zoning
- BFR3*