9339-9341 Ramona St - Apartments FOR SALE


Bellflower, CA 90706
$4,199,000 USD
562-269-4844
9339-9341 Ramona St, Bellflower, CA for Sale
$4,199,000 USD
Apartments - FOR SALE
1/16
null | 4% Cap Rate

9339-9341 Ramona St
Bellflower, CA 90706


HIGHLIGHTS

  • 14 unit apartment complex situated on a large 35,914 square foot lot
  • Excellent unit mix with majority 2 bed/1.5 bath townhomes averaging 990 SF each
  • Upgrades made to major systems including electrical, roof and plumbing
  • Large park-like courtyard offering ample outdoor space and ADU potential
  • On-site parking for two vehicles per unit
  • Approximately 45% upside potential in rental income

OVERVIEW

Situated in the heart of Bellflower, 9339 Ramona St. presents a rare opportunity to acquire a 14-unit apartment complex on an expansive 35,914 square foot lot — a land position that is exceptionally difficult to replicate in today's market. The property features an outstanding unit mix anchored by 13 spacious 2-bedroom/1.5-bath townhome-style residences averaging approximately 990 square feet, offering tenants the feel of a single-family home at apartment pricing. The front house is a bungalow-style residence with private garages. Significant capital improvements have already been completed across the property, including new roofs installed on all three buildings, new interior subpanels throughout, and a complete repipe of the 6-unit building at the rear of the property — providing a new owner with a well-maintained asset and meaningfully reduced near-term capital expenditure risk. A beautifully landscaped park-like courtyard delivers exceptional outdoor amenity space for residents, while the expansive driveway corridor along the right side of the property presents a compelling ADU development opportunity — a significant value-add in California's pro-ADU regulatory environment. Two parking spaces per unit round out the offering, a highly sought-after feature in the Southern California rental market. Bellflower sits at the core of the Southeast Los Angeles County submarket, one of the most resilient rental corridors in the greater LA basin. With 62% of residents renting rather than owning, the city maintains a deeply embedded renter base with consistently strong occupancy. Current average rents for 2-bedroom units in Bellflower sit at approximately $2,480 per month — running 18% above the national average — and have shown steady year-over-year growth. For investors, this translates directly into opportunity: with approximately 45% upside potential in current rents, this asset offers a clear, executable path to significantly increased income without the risk or cost of having to replace major systems. In a submarket defined by high housing demand, limited new supply, and durable rental fundamentals, 9339 Ramona Street represents a compelling value-add acquisition in one of Southern California's most stable rental markets.

FOR SALE DETAILS

PRICE

$4,199,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

14

PRICE/UNIT

$299,929

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,432 SF

ZONING

R2, Bellflower

APN/PARCEL ID

7162-013-025

ASK ABOUT THIS PROPERTY

Michael AlperCentennial AdvisersMore Info
562-269-4844

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Michael AlperCentennial AdvisersMore Info
562-269-4844

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