Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    9816 Park Street, Bellflower, CA 90706
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    9816 Park Street
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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
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Discover 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.
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    Features
    Assessments
    1. Unknown
    Building Area Total
    1. 6466.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 1 Common Wall
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Electric
    1. Standard
    Electric Expense
    1. 441.00
    Fireplace Features
    1. None
    Fuel Expense
    1. 2781.00
    Garage Spaces
    1. 5.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 2411.00
    Laundry Equipment Own Lease
    1. Own
    Laundry Features
    1. Community
    Laundry Income
    1. 1800.00
    Levels
    1. Two
    Lot Features
    1. Walkstreet
    Netoperatingincome
    1. 123482.00
    Newtaxesexpense
    1. 18326.00
    Parcel Number
    1. 7109026018
    Parking Features
    1. On Site
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 9200.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 428521938:CRM
    Tenant Pays
    1. Cable TV
    Totalactualrent
    1. 14085.00
    Totalexpenses
    1. 52756.00
    Trash Expense
    1. 5765.00
    Utilities
    1. Cable Connected
    2. Electricity Connected
    3. Natural Gas Connected
    4. Sewer Connected
    5. Water Connected
    Water Sewer Expense
    1. 2006.00
    Water Source
    1. Public
    Year Built
    1. 1972
    Year Built Source
    1. Assessor
    Zoning
    1. BFR3*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836