9240 Palm St - Apartments FOR SALE


Bellflower, CA 90706
$5,150,000 USD
949-295-8560
9240 Palm St, Bellflower, CA for Sale
$5,150,000 USD
Apartments - FOR SALE
1/4
null | 5.66% Cap Rate

9240 Palm St
Bellflower, CA 90706


HIGHLIGHTS

  • Great Mix of 1-Bedroom/1-Bath & 2-Bedroom/2-Bath Units
  • Absolute Pride of Ownership, Turn-Key Property
  • Strong Bellflower Rental Market Near Major Thoroughfares
  • Large Floorplans with Private Patios
  • Not Subject to City Rent Control

OVERVIEW

9240 Palm Street in the City of Bellflower is located in the Los Angeles metropolitan area within Los Angeles County. Bellflower is a family-oriented community of ±76,000 people, located just north of Orange County and Long Beach. Bellflower sits ±14-miles southeast of Downtown Los Angeles, ±3-miles north of Orange County and ±8-miles northeast of the Pacific Coastline and features no municipal rent control. This investment opportunity consists of (8) 1-bedroom/1-bathroom and (8) 2-bedroom/2-bathroom units. This opportunity features on-site laundry, secure parking, and patios.

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$384 USD /SF

# OF UNITS

16

PRICE/UNIT

$321,875

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,530 SF

ZONING

R3

APN/PARCEL ID

7162-017-015

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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