9040-9042 Ramona St - Apartments FOR SALE


Bellflower, CA 90706
$5,650,000 USD
714-713-9086
9040-9042 Ramona St, Bellflower, CA for Sale
$5,650,000 USD
Apartments - FOR SALE
1/13
null | 5.54% Cap Rate

9040-9042 Ramona St
Bellflower, CA 90706


HIGHLIGHTS

  • Diverse Mix of One & Two-Bedroom Units Averaging Over 825 Square Feet Per Unit
  • Desirable Amenities Including Gated Access, Ample Surface Parking (33 Total Spaces), a BBQ & Picnic Area, a Swimming Pool, & On-Site Laundry
  • Oversized 0.75-Acre Parcel Provides New Ownership with the Opportunity to Add Additional Community Amenities
  • Optimal Bellflower Location Placing Residents in Close Proximity of Major Employment & Entertainment Hubs via Lakewood Boulevard & State Route 91

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Ramona Street Apartments, a 22-unit multifamily investment property located at 9040 - 9042 Ramona Street in Bellflower, CA. Located on the border of Bellflower, Lakewood, & Long Beach, Ramona Street Apartments is uniquely placed in-close proximity of top destinations and major employment hubs including Lakewood Center, Los Cerritos Center, the Promenade at Downey, and Long Beach Airport, all of which are situated within 4 miles of the property. Furthermore, Ramona Street Apartments’ proximity to Lakewood Boulevard and State Route 91 provides residents with convenient access throughout Southern California. Ramona Street Apartments offers an attractive mix of one and two-bedroom units, averaging over 825 square feet. This diverse mix of floor plans helps the property appeal to a broad renter pool. The property, built in 1961 on a spacious 0.75-acre parcel, features desirable amenities including gated access, ample parking, a swimming pool, an on-site laundry facility, and a spacious yard with a communal BBQ and picnic area. In summary, the property’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With upside and strong rental metrics, Ramona Street Apartments represents an attractive opportunity for a new owner seeking well-located units. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

22

PRICE/UNIT

$256,818

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramona Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

M1

APN/PARCEL ID

7162-010-043

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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