11944 Bellflower Blvd
Downey, CA 90242
Downey Landing Apartments · Multifamily Property For Sale · 6 Units

The Growth Investment Group is proud to offer 11944 Bellflower Boulevard, a 6-unit apartment property comprised of a single two-story building located in the highly desirable city of Downey, California. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 2008 and since then, is the first time being offered for sale. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control Buyers can quickly add value and increase income by modernizing the units. With only blocks away from Kaiser Permanente and Presbyterian Intercommunity Hospitals and Cerritos Community College it is within excellent proximity to many inevitabilities. Nestled in an ideal central area, located right by the bustling Downey Landing Shopping Plaza and Stonewood Village Shopping Mall, restaurants, shopping and entertainment. All 6 units are 2bed + 1bath mix each with a private fenced yard behind a rod iron fence. The fence gives security to the units as well as helps maintain the abundant landscaping of the property. Each unit possesses its own car garage that contain shelving inside and security lighting outside. Well maintained units equipped with large kitchen, large living area and large bedrooms. The garbage bins are enclosed behind secured fencing, for added security. Rents are way below market, an ideal situation for a sophisticated investor to maximize income potential.