17420 Downey Ave - Apartments FOR SALE


Bellflower, CA 90706
$3,100,000 USD
949-942-1302
17420 Downey Ave, Bellflower, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/7
null | 4.65% Cap Rate

17420 Downey Ave
Bellflower, CA 90706


HIGHLIGHTS

  • Fully Renovated Interior and Exterior
  • New Roof in 2023
  • On-Site Leased Laundry with New Machines
  • 100% Two-Bedroom One-Bath Units
  • In-Place RUBS
  • Ample Parking – 12 Assigned Spaces

OVERVIEW

This eight-unit apartment building is located at 17420 Downey Avenue in Bellflower, CA. The property bene?ts from its excellent unit mix of 100% two-bedroom and one-bath units. Four units has undergone a complete interior renovation. Upgrades include new vinyl plank flooring throughout, new shaker cabinets and quartz countertops, ceiling fans in living rooms and bedrooms, new fixtures in kitchens and bathrooms, new appliances, and fresh paint. In addition to the interior, the exterior has also been upgraded which includes a fully replaced roof in 2023, new dual pane windows throughout, new laundry room machines, new entry doors, fresh paint, and restriped assigned parking spaces. Well-maintained and spacious, this property includes twelve on-site, assigned parking spaces, on-site laundry room, separately metered for gas and electric and well-manicured landscape. The property is conveniently located off the 91 Freeway, offering access to the greater Los Angeles and Orange County areas for resident’s employment and entertainment opportunities. Within the immediate area of the property is the Bellflower Towne Center Shopping Center and Ramona Park for convenient shopping and recreation.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$435 USD /SF

# OF UNITS

8

PRICE/UNIT

$387,500

CAP RATE

4.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R2

APN/PARCEL ID

7162-014-017

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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