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10018 Foster Rd Bellflower, CA 90706
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Key Details
Sold Price $1,976,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,012 sqft
Price per Sqft $281
MLS Listing ID 24-345125
Sold Date 02/28/24
Bedrooms 16
Year Built 1956
Lot Size 0.254 Acres
Acres 0.1272
Property Description
**OFFER DEADLINE IS WEDNESDAY, 01/24 AT 5PM** 10018-10024 Foster Road consists of two fourplexes on two separate and contiguous parcels in the highly desirable Bellflower rental market. This offering presents an excellent opportunity to acquire a well priced, well located asset with approximately 30% upside in the rental income. The outstanding unit mix features all two-bedroom / one-bathroom units. The property also features eight detached carport parking spaces for tenants. The property is conveniently located near the 105 and 91 freeways providing easy access to both LA and OC. This asset has been under the same ownership for decades and is an excellent investment opportunity because of it's great location, substantial amount of rental upside and no local rent control barriers.
Location
State CA
County Los Angeles
Area Bellflower N Of Alondra, E Of Bellflower
Zoning BFR3*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Carport Detached
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Remax Commercial and Investment Realty
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