$2,550,000
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0.39 Acres Lot
SOLD DATE : 03/20/2020
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV19279237
Sold Date 03/20/20
HOA Y/N No
Year Built 1986
Lot Size 0.390 Acres
Property Description
We are pleased to offer for sale this 9 Unit investment property located in the city of Bellflower. The subject property was built in 1986 and boasts a unit mix of all 2 Bedroom/2 Bathroom units. Tenants enjoy; interior laundry hookups, private two-car garages, private patio/balconies, and master bedroom with private bathroom. Tenants pay for ALL utilities including water! Currently offered at 14.21 GRM and a 4.92% CAP Rate, the last rental increase for 8 of the 9 units was in 2018. Thus, tenants are due for their annual increase bringing the financials to 13.2 GRM and a 5.6% CAP Rate, very lucrative investment for the next investor!!!
Location
State CA
County Los Angeles
Area Rf - Bellflower South Of 91 Frwy
Zoning BFR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 18.0
Carport Spaces 2
Garage Description 18.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 23
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7161003007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000