17420 Downey Ave 8 Unit Apartment Building $2,990,000 ($373,750/Unit) 4.86% Cap Rate Bellflower, CA 90706

This eight-unit apartment building is located at 17420 Downey Avenue in Bellflower, CA. The property bene?ts from its excellent unit mix of 100% two-bedroom and one-bath units. Four units has undergone a complete interior renovation. Upgrades include new vinyl plank flooring throughout, new shaker cabinets and quartz countertops, ceiling fans in living rooms and bedrooms, new fixtures in kitchens and bathrooms, new appliances, and fresh paint. In addition to the interior, the exterior has also been upgraded which includes a fully replaced roof in 2023, new dual pane windows throughout, new laundry room machines, new entry doors, fresh paint, and restriped assigned parking spaces.
Well-maintained and spacious, this property includes twelve on-site, assigned parking spaces, on-site laundry room, separately metered for gas and electric and well-manicured landscape. The property is conveniently located off the 91 Freeway, offering access to the greater Los Angeles and Orange County areas for resident’s employment and entertainment opportunities. Within the immediate area of the property is the Bellflower Towne Center Shopping Center and Ramona Park for convenient shopping and recreation.