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9137-9139 Park St
Bellflower, CA 90706
7 Townhomes w/ No Local Rent Control · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Townhouse-style complex not subject to local rent control, State of California allows for an annual rent increase of 5% + CPI (8.8%)
- Value-add opportunity offering approx. 27% rental upside compared to renovated units in the area
- Offered at $296 per foot, 11.49 market GRM, and 6.07% market CAP
- Comprised of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. & 1.5-bath townhouse-style units
- 18,842 SF lot with the possibility of adding one or more ADU (buyer to verify)
- Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space
Property Facts
| No. Units | 7 | Building Size | 8,628 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1977 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 0.43 AC | ||
| Zoning | BFR2PD* | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 8,628 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | BFR2PD* |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Oven
- Range
- Carpet
- Yard
- Dining Room
- Patio
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | $2,982 | 2,000 |
| 2+1.5 | 6 | $1,976 | 1,300 |
Property Taxes
| Parcel Number | 7110-005-045 | Improvements Assessment | $413,607 |
| Land Assessment | $114,906 | Total Assessment | $528,513 |
Property Taxes
Parcel Number
7110-005-045
Land Assessment
$114,906
Improvements Assessment
$413,607
Total Assessment
$528,513
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