We are pleased to present this great investment opportunity situated in an excellent rental location of Bellflower. This beautiful 16 unit apartment building (built in 1956/1968) is a true turn-key income property that has spacious 1 Bedroom + 1 Bathroom units with opportunity to add-value. This building underwent cosmetic rehab in 2016 and is an easy to manage investment with a desirable low density layout on top of the great curbside appeal. There is substantial rental upside potential of +/- 46% with minimal landlord maintenance. There is plenty of on-site parking spaces, an on-site laundry and all units are separately metered for gas and electricity. Less than 100' from nearby Simms Park and a short commute to shopping and dining. There is no local rent control as this property is only subject to the statewide AB1482 which is currently 8.8% annually. Please call for more details.
10,624 Sq Ft
0.4137 Private Acres Exterior Space
Investment
Built in 1956
MLS/Listing ID 23-294679
2 Stories
16 Units
Laundry Room
Parking - Uncovered
Parking - Covered
Listing Courtesy of REMAX COMMERCIAL AND INVESTMENT REALTY, SHANT SHERBETDJIAN - 626-657-8150
Source of Data: THE MLS