16818-16822 Lakewood Blvd
Bellflower, CA 90706
Retail Property For Sale

Unique opportunity to own this mixed use income property! This mixed use lot consists of a car dealership facing Lakewood Blvd, two residential units accessible via a small residential street behind the dealership as well as billboard income on a long term lease. The property currently generate revenue from multiple streams including: Car Dealership Rental Income $42,000/ year Residence 1 Rental Income $14,400/year Residence 2 Rental Income $9,600/year BillboardIncome$2,000.00/year COMBINED TOTAL INCOME: $68,000/year Buyer may pick this up as a continued investment deal, or even a redevelopment opportunity based on the flexible lease terms in place with all tenants. (Billboard is on a 10 year lease, but doesn't effect the redevelopment potential of this property) Located on Lakewood Blvd, also know as highway 19 or CA SR-19 and for decade continues to provide high traffic of both local residents as well as those using it to commute. With over 37,000 cars driving by per day as well its immediate proximity to the 91 freeway, the location is highly desirable. Cross streets are Flower St. and Lakewood Blvd. Located 30 seconds off of the 91 Freeway.