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9502 Oak St Bellflower, CA 90706
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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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Bought with New Homes and Land Brokers