Ramona Street Apartments 9040-9042 Ramona St 22 Unit Apartment Building $5,315,000 ($241,591/Unit) 6.31% Cap Rate Bellflower, CA 90706

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Ramona Street Apartments, a 22-unit multifamily investment property located at 9040 - 9042 Ramona Street in Bellflower, CA.
Located on the border of Bellflower, Lakewood, & Long Beach, Ramona Street Apartments is uniquely placed in-close proximity of top destinations and major employment hubs including Lakewood Center, Los Cerritos Center, the Promenade at Downey, and Long Beach Airport, all of which are situated within 4 miles of the property. Furthermore, Ramona Street Apartments’ proximity to Lakewood Boulevard and State Route 91 provides residents with convenient access throughout Southern California.
Ramona Street Apartments offers an attractive mix of one and two-bedroom units, averaging over 825 square feet. This diverse mix of floor plans helps the property appeal to a broad renter pool. The property, built in 1961 on a spacious 0.75-acre parcel, features desirable amenities including gated access, ample parking, a swimming pool, an on-site laundry facility, and a spacious yard with a communal BBQ and picnic area.
In summary, the property’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With upside and strong rental metrics, Ramona Street Apartments represents an attractive opportunity for a new owner seeking well-located units.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*