9857 Belmont St - Apartments FOR SALE


Bellflower, CA 90706 | 
$2,549,000 USD
562-714-5023
9857 Belmont St, Bellflower, CA for Sale
$2,549,000 USD
Apartments - FOR SALE
1/36
null | 5.62% Cap Rate

9857 Belmont St
Bellflower, CA 90706


OVERVIEW

Excellent opportunity to acquire a well-located 6-unit property in the City of Bellflower. Conveniently situated between the 91 and 105 freeways and just west of the 605 freeway, the property offers excellent access throughout the greater Los Angeles area and is just a short drive from Orange County. Tenants enjoy the convenience of being within walking distance of restaurants, coffee shops, markets, banks, the post office, retail stores, salons, barbershops, gyms, and other neighborhood amenities. The property consists of three separate buildings offering an attractive and diverse unit mix: a 3-bedroom, 2-bathroom house at the front of the property; a triplex consisting of three 1-bedroom, 1-bathroom apartments; and a newer duplex, built in 2023, consisting of two 2-bedroom, 2-bathroom units. The two newer duplex units feature central air conditioning and loft areas accessed by retractable ladders, providing valuable additional space for storage or other flexible uses. The front house also features central air conditioning, while each of the three 1-bedroom units is equipped with a ductless split A/C system, providing air conditioning throughout all six units. The property offers approximately 4,483 square feet of building area on an approximately 11,328-square-foot lot, along with six on-site parking spaces. All six units are currently occupied and generate approximately $15,149 per month, or $181,788 annually, in gross scheduled rental income. Rents have not been increased in more than a year, providing potential for additional rental income, subject to applicable rent-increase laws and notice requirements. This property presents an attractive opportunity for an investor seeking immediate cash flow with additional income potential. It may also offer future owner-occupancy potential in the front 3-bedroom residence while generating rental income from the remaining five units. Offered at $2,549,000.

FOR SALE DETAILS

PRICE

$2,549,000 USD

PRICE/SF

$569 USD /SF

# OF UNITS

6

PRICE/UNIT

$424,833

CAP RATE

5.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9857 Belmont St., Bellflower CA 90706

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,483 SF

ZONING

BFR3*

APN/PARCEL ID

7109-011-005

ASK ABOUT THIS PROPERTY

Jose CabreraEmpiric Brokers Realty-Dene M. Molina, dre01067683More Info
562-714-5023

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Jose CabreraEmpiric Brokers Realty-Dene M. Molina, dre01067683More Info
562-714-5023

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