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9513 Cedar St 7 Unit Apartment Building $2,445,000 ($349,286/Unit) 5.08% Cap Rate Bellflower, CA 90706
INVESTMENT HIGHLIGHTS
- Two Bedroom and 3 Bedroom Townhouse-Style Units
- Individually Metered
- Two-Car Attached Garages
- Value-Add Potential
EXECUTIVE SUMMARY
Skyline Commercial Advisors is offering the opportunity to acquire The Cedar St Townhomes, for sale by its original builders. The property consists of six spacious 2 bedroom 1.5 bath townhouse-style units and one 3 bedroom, 2.25 bath front house, all including washer and dryer hookups and an attached two-car garage. Built in 1986, this is a rare chance to acquire newer constructed apartments with a desirable design, keeping occupancy high.
The Cedar St Townhomes are part of a four-property portfolio of similarly constructed buildings in Bellower and Downey, which may be purchased either individually or as a portfolio.
The Cedar St Townhomes are part of a four-property portfolio of similarly constructed buildings in Bellower and Downey, which may be purchased either individually or as a portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,445,000 | Apartment Style | Low-Rise |
| Price Per Unit | $349,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.08% | Building Size | 8,382 SF |
| Gross Rent Multiplier | 13.34 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | BFR2* | ||
| Price | $2,445,000 |
| Price Per Unit | $349,286 |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| Gross Rent Multiplier | 13.34 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 8,382 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | BFR2* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 1,130 |
| 3+2.5 | 1 | - | 1,600 |
1 1
Walk Score®
Very Walkable (71)
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9513 Cedar St
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