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Key Details
Sold Price $1,980,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,644 sqft
Price per Sqft $426
MLS Listing ID 24393089
Sold Date 08/30/24
Bedrooms 11
HOA Y/N No
Year Built 1938
Lot Size 0.460 Acres
Property Description
9 Single-Story Bungalows on Large 20,058-SF Lot | Outstanding Future Development Potential or Opportunity to Build 2 ADUs (Accessory Dwelling Units) | Desirable Bellflower Location - Just North of Alondra Boulevard & 2 Blocks to Bellflower Boulevard | Unit Mix of (One) 3-Bedroom/1-Bathroom House & (Eight) 1-Bedroom/1-Bathroom Bungalows | Remodeled Front 3-Bedroom House with 2-Car Garage & Private Backyard | 5.58% Current Cap Rate & 11.72 Current GRM | 7.67% Pro-Forma Cap Rate & 9.26 Pro-Forma GRM | No Local Rent Control - Defaults to AB 1482 | Six of the Seven Structures Contain Brand-New Roofs | Fully Renovated 1-Bedroom Unit with New Kitchen Cabinets, New Quartz Counters, New Bathroom, New Vinyl Floors, New Closet, New Recessed Lighting, New Fixtures and New Ceiling Fan | Recently Painted Property with Tremendous Curb Appeal | Updated Plumbing & New Water-Efficient Landscaping | On-Site Laundry Facility, Total of 14 Parking Spaces & Ample Outdoor Space for Tenants | Close Proximity to St. John Bosco High School, Bellflower City Hall, Bristol Civic Auditorium, Bellflower Library Garden, and the 91, 605 & 105 Freeways
Location
State CA
County Los Angeles
Area Rj - Bellflower N Of Alondra, W Of Bellflower
Zoning BFR3YY
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Fireplace No
Appliance Dryer, Washer
Laundry Laundry Room
Exterior
Garage Garage, Uncovered
Garage Spaces 2.0
Garage Description 2.0
Parking Type Garage, Uncovered
Total Parking Spaces 14
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6271031010
Special Listing Condition Standard
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Bought with Juan Cardenas • Remax Commercial and Investment Realty