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9116 Palm Street

Bellflower, CA 90706
  • $3,795,000
  • STATUS: Active Under Contract
  • ON SITE: 257 Days
  • ID#: OC24059675
Under Contract
UPDATED: 35 min ago
$3,795,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
RF - Bellflower South of 91 Frwy
Type:
Multi-Family
Built:
1963
County:
Los Angeles
Area:
RF - Bellflower South of 91 Frwy

School Ratings & Info

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Listing Agent(s): Kevin Liang of KW Spectrum Properties (949-305-0347)


Description

A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T08:24:57.017. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/148922659
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9116 Palm Street Bellflower, CA 90706

  • Price: $3,795,000
  • Status: Active Under Contract
  • On Site: 257 Days
  • Updated: 35 min ago
  • ID#: OC24059675
0
Beds
0
Baths
0
½ Baths
0.45
Acres
1963
Built
Neighborhood:
RF - Bellflower South of 91 Frwy
County:
Los Angeles
Area:
RF - Bellflower South of 91 Frwy
Property Description
A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.
Exterior Features

Entry Level 1 Entry Location Front Exterior Features Rain Gutters Fencing BlockWoodWrought Iron Lot Features Rectangular Lot Number Of Separate Electric Meters 16 Open Parking Spaces 25 Parking Features AssignedConcreteGatedOne SpaceUncovered Parking Total 25 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Appliances DisposalGas RangeGas Water HeaterHot Water CirculatorRange HoodWater HeaterDryerWasher Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTile Heating Natural GasWall Furnace Heating YN Yes Interior Features Tile CountersUnfurnishedBedroom on Main LevelMain Level Primary Window Features BlindsScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Storm Drain(s)Street LightsSidewalks Contingency Seller's will be doing a 1031 Exchange. Electric Standard Electric Expense 1350 Fuel Expense 6000 Garage YN No Gross Income 337020 Gross Scheduled Income 337020 Insurance Expense 7500 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer HookupLaundry RoomStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 300820 New Construction YN No Number Of Separate Gas Meters 16 Number Of Separate Water Meters 0 Number Of Units Leased 16 Operating Expense 36200 Pest Control Expense 650 Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Security GateSmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 22269 Trash Expense 4000 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 7100 Water Source Public Zoning BFR3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-09T08:24:57.017. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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Listing Agent(s): Kevin Liang of KW Spectrum Properties (949-305-0347)