9316 Palm Street, Bellflower CA, 90706

Sold

9316 Palm Street

Bellflower CA, 90706

$3,900,000

$239.70 per sqft

Sold

16,270 sqft

Residential

Built in 2004

Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-257-1231

9316 Palm Street is in the city of Bellflower, California. This property was built in 2004 as a Condominium Development and each unit has an individual parcel number which allows a new investor to continue renting as apartments or sell individually as condominiums. The white papers for the condominiums have been put together which makes it easy for a condominium conversion.

The lot is 35,773 square feet and has six 2 story buildings with sixteen condominium caliber units. The sixteen units are
all 2 bedroom / 2 bathroom units and range in size from 910 square feet to 1,190 square feet. The units all have two car
garages with storage racks. The driveway's width measures 26 feet wide, similar to the width of a city street. This allows easy access to all of the garages. Because the units were built as condominium units each unit is individually metered for
water, gas and electric, with the tenant paying for all their utilities.

This is an amazing opportunity for an investor to purchase a turn key asset and raise the rents by 15% or complete the
condominium requirements and sell the units individually. An investor purchasing this property will end up with a new
construction asset in great condition.

PW14199129

MLSⓇ ID

March 18, 2024

Updated

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.82 Acres
Lot Features: 16-20 Units/Acre
Sewer: Unknown

Other Property Details

Area Name: RF - Bellflower South of 91 Frwy
Days on Market: 92
Garage: Yes
Garage Spaces: 16
Parking Total: 32
View: No
County: Los Angeles
Water Source: Public
Pool Features: None

Listing Contact: 562-436-5800

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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.

Data last updated on 3/18/2024 at 7:08 PM UTC