$1,450,000
$1,550,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
9,828 Sqft Lot
SOLD DATE : 10/08/2024
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24183188
Sold Date 10/08/24
Bedrooms 5
HOA Y/N No
Lot Size 9,828 Sqft
Property Description
We are proud to present this is a value-add opportunity for the savvy investor looking to create value. With 5 units, separately metered for electricity and gas. Currently rented below market with an opportunity to raise rents in a highly sought after rental area. This is the best priced property on the market. With a unit mix of 1-3 bedroom, 2 bath unit, and 4-2 bedroom, 2bath units, on a large 9,828 sf lot and 5 garages. Possible ADU conversions for garages. Bellflower boasts a range of amenities and attractions that cater to residents and visitors alike. The historic downtown area is lined with charming storefronts, local eateries, and community gathering spaces, providing a quaint backdrop for leisurely strolls and casual outings. Nearby parks and recreation facilities offer ample opportunities for outdoor activities, while cultural events and festivals showcase the city's vibrant arts scene and rich heritage. The property is located close to the 91 fwy and 605 fwy., within 10 minutes to Long Beach Airport.
We are proud to present this is a value-add opportunity for the savvy investor looking to create value. With 5 units, separately metered for electricity and gas. Currently rented below market with an opportunity to raise rents in a highly sought after rental area. This is the best priced property on the market. With a unit mix of 1-3 bedroom, 2 bath unit, and 4-2 bedroom, 2bath units, on a large 9,828 sf lot and 5 garages. Possible ADU conversions for garages. Bellflower boasts a range of amenities and attractions that cater to residents and visitors alike. The historic downtown area is lined with charming storefronts, local eateries, and community gathering spaces, providing a quaint backdrop for leisurely strolls and casual outings. Nearby parks and recreation facilities offer ample opportunities for outdoor activities, while cultural events and festivals showcase the city's vibrant arts scene and rich heritage. The property is located close to the 91 fwy and 605 fwy., within 10 minutes to Long Beach Airport.
Location
State CA
County Los Angeles
Area Bellflower (90706)
Zoning Appraiser
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $167
Space Rent $1,591
Financing Cash
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Bought with Armando Gonzalez • Century 21 Allstars