10004 Foster Rd - Multi-Family FOR SALE


Bellflower, CA 90706
$1,200,000 USD
562-266-7629
10004 Foster Rd, Bellflower, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

10004 Foster Rd
Bellflower, CA 90706


HIGHLIGHTS

  • Brand New Roof, Exterior Paint & Central Water heater
  • 5 Onsite Parking Spaces
  • Potential to add ADUs
  • Over 95% upside in NOI

OVERVIEW

PRICED TO SELL!! Value Add Opportunity This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income. Recent capital improvements include a brand-new roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways. Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,055 SF

ZONING

BFR3*

APN/PARCEL ID

6281-011-027

ASK ABOUT THIS PROPERTY

Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

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Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.