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Park Apartments 9746 Park St 16 Unit Apartment Building $4,398,000 ($274,875/Unit) 5.58% Cap Rate Bellflower, CA 90706
Investment Highlights
- • 16-unit multifamily property in Bellflower, CA
- • Mix: (8) 2 Bed / 1 Bath & (8) 1 Bed / 1 Bath Unit
- • Large Patios & Balconies
- • No Rent Control (Subject only to CA – AB 1482)
- • 24 Total Parking Spaces (22 Open & 2 Covered Spaces)
- • Storage Lockers for all tenants, and a Large Laundry Facility
Executive Summary
• Over $500,000+ in Capital Improvements made
• All New Electrical Sub Panels
• 11.11 GRM on Actuals with Upside!
• New Roof
• All New Vinyl Windows throughout
• Updated Landscaping and Irrigation
• New Euro/Modern Cabinets in all Renovated Units
• Washer/Dryers included in select units
• New Exterior Paint
• Significant Wood and Stucco upgrades completed
• SB 721 work completed with all new Balconies
Note: The Seller is also selling 12 upgraded units at 9900 Ramona St. in Bellflower. Please inquire within if interested
• All New Electrical Sub Panels
• 11.11 GRM on Actuals with Upside!
• New Roof
• All New Vinyl Windows throughout
• Updated Landscaping and Irrigation
• New Euro/Modern Cabinets in all Renovated Units
• Washer/Dryers included in select units
• New Exterior Paint
• Significant Wood and Stucco upgrades completed
• SB 721 work completed with all new Balconies
Note: The Seller is also selling 12 upgraded units at 9900 Ramona St. in Bellflower. Please inquire within if interested
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$395,948
|
$26.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,878
|
$0.81
|
| Effective Gross Income |
$384,070
|
$26.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
$138,664
|
$9.41
|
| Total Expenses |
$138,664
|
$9.41
|
| Net Operating Income |
$245,406
|
$16.65
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $395,948 |
| Annual Per SF | $26.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,878 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $384,070 |
| Annual Per SF | $26.06 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $138,664 |
| Annual Per SF | $9.41 |
| Total Expenses | |
|---|---|
| Annual | $138,664 |
| Annual Per SF | $9.41 |
| Net Operating Income | |
|---|---|
| Annual | $245,406 |
| Annual Per SF | $16.65 |
Property Facts
| Price | $4,398,000 | Apartment Style | Low-Rise |
| Price Per Unit | $274,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.58% | Building Size | 14,740 SF |
| Sale Condition | Build to Suit | Average Occupancy | 94% |
| Gross Rent Multiplier | 11.11 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1967/2025 |
| Property Type | Multifamily | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | BFR3* | ||
| Price | $4,398,000 |
| Price Per Unit | $274,875 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 11.11 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 14,740 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2025 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | BFR3* |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 626 |
| 2+1 | 8 | - | 750 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7110-024-020 | Total Assessment | $3,608,760 |
| Land Assessment | $2,486,760 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $1,122,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
7110-024-020
Land Assessment
$2,486,760
Improvements Assessment
$1,122,000
Total Assessment
$3,608,760
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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Park Apartments | 9746 Park St
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