9137-9139 Park St - Apartments FOR SALE
Bellflower, CA 90706 |
9137-9139 Park St
Bellflower, CA 90706
HIGHLIGHTS
- Townhouse-style complex not subject to local rent control, State of California allows for an annual rent increase of 5% + CPI (8.8%)
- Comprised of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. & 1.5-bath townhouse-style units
- Value-add opportunity offering approx. 27% rental upside compared to renovated units in the area
- 18,842 SF lot with the possibility of adding one or more ADU (buyer to verify)
- Offered at $296 per foot, 11.49 market GRM, and 6.07% market CAP
- Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
7 Townhomes w/ No Local Rent Control
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8628
STORIES
2
YEAR BUILT
1977
PARKING SPACES
14
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
7110-005-045
