9559 Flower St - Apartments FOR SALE


Bellflower, CA 90706
$3,850,000 USD
949-756-3232
9559 Flower St, Bellflower, CA for Sale
$3,850,000 USD
Apartments - FOR SALE
1/4
null | 4.95% Cap Rate

9559 Flower St
Bellflower, CA 90706


HIGHLIGHTS

  • First Time on Market in Over 30 Years
  • All Electric Building w/ Ideal Unit Mix of One and Two-Bedroom Units & Permitted ADU
  • Major CapEx Including New Roof, New Electrical Subpanels, New Dual-Pane Windows, New Asphalt
  • Over 7.5% Cap on Market with over 25% Upside on Rental Income

OVERVIEW

We are pleased to present the Brownstone Apartments, offered for sale for the first time in over 30 years and located in a strong Bellflower submarket. This well-maintained property features an ideal unit mix of one- and two-bedroom units, along with a permitted studio ADU. The all-electric property has undergone significant capital improvements, including a new roof, new electrical subpanels, new dual-pane windows, new asphalt, updated walkways and balconies, and completed SB 721 compliance. With a cap rate exceeding 7.5% on market rents and over 25% upside in rental income, the Brownstone Apartments offer investors the opportunity to acquire a clean, well-maintained asset with substantial rental upside.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

17

PRICE/UNIT

$226,471

CAP RATE

4.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brownstone Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

BFR3*

APN/PARCEL ID

7106-001-021

ASK ABOUT THIS PROPERTY

Tracy HongTriqor GroupMore Info
949-756-3232

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Tracy HongTriqor GroupMore Info
949-756-3232

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