9248 Palm St - Apartments FOR SALE


Bellflower, CA 90706
$3,995,000 USD
949-942-8959
9248 Palm St, Bellflower, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/7
null | 4.7% Cap Rate

9248 Palm St
Bellflower, CA 90706


HIGHLIGHTS

  • Huge 2 Bedroom 2 Bathroom Townhouse-Style Units
  • Private Rooftop Decks and 2-Car Attached Garages
  • Washer / Dryer Hookups
  • Built in 1986
  • Individually Metered
  • Value-Add and ADU Potential

OVERVIEW

Skyline Commercial Real Estate is introducing the opportunity to acquire The Roof Gardens, a nine unit apartment building located in Bellflower, CA. The property is comprised of very spacious 2 bedroom 2 bathroom townhouse-style units each with a two-car garage, private rooftop deck, washer and dryer hookups, and central A/C making this a highly unique asset rarely available in today's market. In addition to the two-car garages, there are an additional 7 parking stalls in the rear of the property that provide additional income. This back land area is approximately 1,800 SF providing an investor potential to construct ADU's and generate additional value. Built in 1986, this is a newer built asset with highly desirable units that attract long term tenants at strong rents in a preferable rental market.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

9

PRICE/UNIT

$443,889

CAP RATE

4.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Roof Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,396 SF

ZONING

R3, Bellflower

APN/PARCEL ID

7162-017-073

ASK ABOUT THIS PROPERTY

Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

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

Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

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