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Royal Palms 9240 Palm St 16 Unit Apartment Building $5,150,000 ($321,875/Unit) 5.66% Cap Rate Bellflower, CA 90706
Investment Highlights
- Great Mix of 1-Bedroom/1-Bath & 2-Bedroom/2-Bath Units
- Strong Bellflower Rental Market Near Major Thoroughfares
- Not Subject to City Rent Control
- Absolute Pride of Ownership, Turn-Key Property
- Large Floorplans with Private Patios
Executive Summary
9240 Palm Street in the City of Bellflower is located in the Los Angeles metropolitan area within Los Angeles County. Bellflower is a family-oriented community of ±76,000 people, located just north of Orange County and Long Beach. Bellflower sits ±14-miles southeast of Downtown Los Angeles, ±3-miles north of Orange County and ±8-miles northeast of the Pacific Coastline and features no municipal rent control.
This investment opportunity consists of (8) 1-bedroom/1-bathroom and (8) 2-bedroom/2-bathroom units. This opportunity features on-site laundry, secure parking, and patios.
This investment opportunity consists of (8) 1-bedroom/1-bathroom and (8) 2-bedroom/2-bathroom units. This opportunity features on-site laundry, secure parking, and patios.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$407,220
|
$30.34
|
| Other Income |
$17,940
|
$1.34
|
| Vacancy Loss |
$12,754
|
$0.95
|
| Effective Gross Income |
$412,406
|
$30.73
|
| Taxes |
$63,617
|
$4.74
|
| Operating Expenses |
$57,507
|
$4.28
|
| Total Expenses |
$121,124
|
$9.02
|
| Net Operating Income |
$291,282
|
$21.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $407,220 |
| Annual Per SF | $30.34 |
| Other Income | |
|---|---|
| Annual | $17,940 |
| Annual Per SF | $1.34 |
| Vacancy Loss | |
|---|---|
| Annual | $12,754 |
| Annual Per SF | $0.95 |
| Effective Gross Income | |
|---|---|
| Annual | $412,406 |
| Annual Per SF | $30.73 |
| Taxes | |
|---|---|
| Annual | $63,617 |
| Annual Per SF | $4.74 |
| Operating Expenses | |
|---|---|
| Annual | $57,507 |
| Annual Per SF | $4.28 |
| Total Expenses | |
|---|---|
| Annual | $121,124 |
| Annual Per SF | $9.02 |
| Net Operating Income | |
|---|---|
| Annual | $291,282 |
| Annual Per SF | $21.70 |
Property Facts
| Price | $5,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $321,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.66% | Building Size | 13,421 SF |
| Gross Rent Multiplier | 12.11 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $5,150,000 |
| Price Per Unit | $321,875 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Gross Rent Multiplier | 12.11 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 13,421 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
- Handrails
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,874 | - |
| 2+2 | 8 | $2,367 | - |
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Property Taxes
| Parcel Number | 7162-017-015 | Total Assessment | $3,458,103 |
| Land Assessment | $1,037,429 | Annual Taxes | $63,617 ($4.74/SF) |
| Improvements Assessment | $2,420,674 | Tax Year | 2025 |
Property Taxes
Parcel Number
7162-017-015
Land Assessment
$1,037,429
Improvements Assessment
$2,420,674
Total Assessment
$3,458,103
Annual Taxes
$63,617 ($4.74/SF)
Tax Year
2025
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Royal Palms | 9240 Palm St
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