Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
Bellflower, CA 90706,9137 Park St
13
$2,300,000
$2,550,000
9.8%
Est.Price: ?

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15 BD
11 BA
8,628 SqFt

9137 Park St Bellflower, CA 90706

Est. payment /mo
SOLD DATE : 12/29/2023

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Key Details

Sold Price $2,300,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,628 sqft

Price per Sqft $266

MLS Listing ID 23-307811

Sold Date 12/29/23

Style Garden Home

Bedrooms 15

Year Built 1977

Lot Size 0.433 Acres

Property Description

9137 Park is a sprawling townhouse complex located 1 mile west of Downtown Bellflower that features seven value-add townhouse-style units not subject to local rent control. These townhomes fall under State of California rent control, which allows for an annual rent increase of 5% + CPI (currently 8.8%). The property presents approx. 27% rental upside compared to renovated townhomes in the area, and is offered at $296 per foot, which at the list price it stabilizes at a 6.07% CAP rate and 11.49 GRM. Residing on an 18,842 SF lot, 9137 Park features an attractive unit mix comprising of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. townhouse-style units. Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify).

Location

State CA

County Los Angeles

Area Bellflower North Of 91 Frwy, S Of Alondra

Zoning BFR2PD*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Flooring Carpet, Wood Laminate

Equipment Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Freezer, Washer

Laundry Garage, In Unit

Exterior

Parking Features Garage - 1 Car, Uncovered

Garage Spaces 14.0

View Y/N No

View None

Building

Story 2

Architectural Style Garden Home

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Compass
Bought with Compass

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Herman Singh

Broker

+1(310) 625-6175

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