15509-15523 Blaine Ave - Apartments FOR SALE


Bellflower, CA 90706
$5,100,000 USD
424-405-3826
15509-15523 Blaine Ave, Bellflower, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/10
null | 4.91% Cap Rate

15509-15523 Blaine Ave
Bellflower, CA 90706


HIGHLIGHTS

  • Rare opportunity to acquire a multifamily asset consisting of 12 single-family homes
  • Sought-after mix of eight three-bedrooms, three two-bedrooms, and one four-bedroom
  • Property spans three parcels totaling a massive 1.34 acres
  • Each home boasts laundry hookups, private patios, and parking
  • Current rents offer 20 percent rental upside
  • Excellent rental location one parcel from Washington Elementary makes this a great option for families and faculty

OVERVIEW

Marcus & Millichap is pleased to present to market 15509-15523 Blaine Avenue in Bellflower, California. This unique 12-unit multifamily property offers a rare configuration of all single-story homes on a massive ±1.34-acre lot that spans three parcels. The unit mix includes three two-bedrooms, eight three-bedrooms, and one four-bedroom floorplan. Each home features laundry hookups, parking, and private outdoor space, making it highly desirable for renters seeking a single-family home experience at rental rates. The asset also includes 12 double garages and 10 additional surface parking spaces, providing ample parking. This property sits just one parcel away from Washington Elementary, making it a great rental option for families and faculty, and this location also offers convenient access to retail centers, Cerritos College, and the 91 and 605 freeways, offering easy access to Greater Los Angeles and Orange County. This asset presents a compelling acquisition opportunity for investors seeking a property poised to maintain strong rental demand. Furthermore, current rents offer 20 percent rental upside.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

12

PRICE/UNIT

$425,000

CAP RATE

4.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

BFA16000*

APN/PARCEL ID

6271-032-003,6271-032-006,6271-032-023

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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