16137 Cornuta Avenue, Bellflower CA, 90706

Sold

16137 Cornuta Avenue

Bellflower CA, 90706

$2,400,000

$226.74 per sqft

Sold

10,585 sqft

Residential

Built in 1964

Listed by Doug Rodermund with Morgan Skenderian 949-251-8800

Located in an excellent rental area of Bellflower - this property offers a buyer the opportunity to purchase a property with an excellent unit mix from a long-term owner. The subject property offers securitized access to garage and carport parking. There are on-site laundry facilities and a BBQ area for tenants to enjoy. Units have private balconies and air conditioning. With rents well below market levels, a new owner can easily bring rents up and increase their return with prudent management and renovation. The property is 100% occupied and operates extremely well for the current owner, giving an investor a high amount of security while still offering a large amount of upside on proforma income.

PW15223372

MLSⓇ ID

March 18, 2024

Updated

Interior Features

Total Stories: 2
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.46 Acres
Lot Features: 16-20 Units/Acre

Other Property Details

Area Name: RG - Bellflower North of 91 Frwy, S of Alondra
Days on Market: 17
Garage: Yes
Garage Spaces: 10
Parking Total: 40
View: No
County: Los Angeles
Water Source: Public
Pool Features: None
Utilities: Sewer Available

Listing Contact: 949-251-8800

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 5:04 PM UTC