Sold
Closed
Private Address
$3,750,000
$352.97 per sqft
Sold
Closed
16 Beds
16 Baths
10,624 sqft
Residential
Built in 1956
Listed by Shant Sherbetdjian with Remax Commercial and Investment Realty 626-657-8150
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.
23294679
MLSⓇ ID
July 26, 2023
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
16
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.41 Acres
Other Property Details
Area Name
RG - Bellflower North of 91 Frwy, S of Alondra
Days on Market
48
Garage
No
Parking
Covered, Uncovered
Parking Total
20
View
No
County
Los Angeles
Zoning
BFR3*
Listing History
Date | Event | Price |
|---|---|---|
9/27/2023 | Sold | $3,750,000 |
9/13/2023 | Pending | — |
Listing Contact: 213-817-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/21/2025 at 5:57 PM UTC