Bellflower, CA 90706,9502 Oak St
Bellflower, CA 90706,9502 Oak St
Bellflower, CA 90706,9502 Oak St
18
$3,750,000
$3,750,000
Est.Price: ?

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16 BD
16 BA
10,624 SqFt

9502 Oak St Bellflower, CA 90706

Est. payment /mo
SOLD DATE : 09/25/2023

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Key Details

Sold Price $3,750,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,624 sqft

Price per Sqft $352

MLS Listing ID 23-294679

Sold Date 09/25/23

Bedrooms 16

Year Built 1956

Lot Size 0.414 Acres

Acres 0.4137

Property Description

We are pleased to present this great investment opportunity situated in an excellent rental location of Bellflower. This beautiful 16 unit apartment building (built in 1956/1968) is a true turn-key income property that has spacious 1 Bedroom + 1 Bathroom units with opportunity to add-value. This building underwent cosmetic rehab in 2016 and is an easy to manage investment with a desirable low density layout on top of the great curbside appeal. There is substantial rental upside potential of +/- 46% with minimal landlord maintenance. There is plenty of on-site parking spaces, an on-site laundry and all units are separately metered for gas and electricity. Less than 100' from nearby Simms Park and a short commute to shopping and dining. There is no local rent control as this property is only subject to the statewide AB1482 which is currently 8.8% annually. Please call for more details.

Location

State CA

County Los Angeles

Area Bellflower North Of 91 Frwy, S Of Alondra

Zoning BFR3*

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall Unit(s)

Equipment None

Laundry Room

Exterior

Parking Features Covered Parking, Uncovered

Garage Spaces 20.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Remax Commercial and Investment Realty
Bought with New Homes and Land Brokers

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Herman Singh

Broker

+1(310) 625-6175

Name
Phone*
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