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14925 Clark Ave
Bellflower, CA 90706
Large, 2-parcel, 2-Bldg., 20 unit Opportunity · Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 12,237 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 0.62 AC | ||
| Zoning | R3, Bellflower | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 12,237 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R3, Bellflower |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Courtyard
- Laundry Facilities
ABOUT 14925 CLARK AVE , BELLFLOWER, CA 90706
The subject property is an extremely well-maintained 2-building/2-parcel asset with strong curb appeal creating strong "rentability" in the Bellflower market. The asset is fronted by Clark, with a one-story, 12 unit bungalow-style building with a landscaped center courtyard. In the rear is an 8 unit, 2-story building on Greenwell, a cul-de-sac. The asset sits on a very large, 1/2 acre plus parcel. The large footprint and ingress and egress from front and back make the asset "feel big" and comfortable for the tenancy - unlike a traditional, stacked building. Also, an onsite manager is not necessary since the 12 unit and 8 unit buildings sit on their own parcels. A significant cost savings annually. An estimated $250,000 in improvements during current ownership. Newer dual-pane windows and 30-year roof, both less than 5 years old – as well as 2 newer mainlines and newer pavement throughout. 18 of the 20 units have upgraded, granite surfaces, fixtures etc. A seamless building to operate day one for a new buyer. Easy access to the 105, 710 and 605 Fwys and job centers nearby – like Kaiser Permanente Hospital, Ramona Elementary, St. John Bosco High School, Bellflower Unified School District offices, as well as Walmart Supercenter.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | $1,251 | 550 - 650 |
| 2+1 | 2 | $1,498 | 850 |
| 2+2 | 1 | $1,650 | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,106,268 | |
| Land Assessment | $1,672,602 | Total Assessment | $4,778,870 |
PROPERTY TAXES
