Sold

Closed

9203 Park Street

Bellflower CA, 90706

$2,503,000


$306.82 per sqft

Sold

Closed

15 Beds

11 Baths

8,158 sqft

Residential

Built in 1987

Listed by Kenny Stevens with Compass 310-968-7005

9203 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%). Residing on an 19,535 SF lot, 9203 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 and a two-car garage with a side-by-side washer and dryer. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify). The property presents approx. 37% rental upside compared to renovated townhomes in the area, and is offered at $329 per foot, which at the list price it stabilizes at a 5.79% CAP rate and 12.07 GRM. 9203 Park is offered in conjunction with another 7-unit townhouse-style complex that is three parcels away (9137 Park) and can be purchased individually or together.

23307875

MLS ID

September 5, 2023

Listed

February 21, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

15


Total Bathrooms

11


Appliances

Dishwasher, Disposal, Refrigerator, Dryer, Washer


Laundry Description

In Garage


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.45 Acres

Other Property Details

Area Name

RG - Bellflower North of 91 Frwy, S of Alondra


Days on Market

31


Garage

Yes


Garage Spaces

14


Parking

Door-Multi, Garage


Parking Total

14


View

No


View Description

None


County

Los Angeles


Zoning

BFA1*

Listing History

Date

Event

Price

11/30/2023

Price change

$2,503,000

-7%

11/30/2023

Sold

$2,503,000

10/6/2023

Pending

Listing Contact: 310-230-5478 

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.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/21/2025 at 5:57 PM UTC

 

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