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$1,575,000
Est. payment /mo
8,023 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26223483
HOA Y/N No
Year Built 1963
Lot Size 8,023 Sqft
Property Sub-Type Mixed Use
Property Description
Excellent investment opportunity in the rapidly developing city of Bellflower! This well-maintained mixed-use property at 9434 Flower Street features four large 2bed/1bath residential apartments and three commercial spaces, offering a diversified income stream with attractive upside potential. Currently grossing $129,000 annually in rental income and operating at a 6.34% cap rate, the property offers the potential to achieve a 7.26% cap rate with further upgrades and rental adjustments. Several of the residential units have undergone renovations, minimizing immediate maintenance needs, while the commercial spaces provide additional income stability. Ideal for both investors and owner-users, the property offers the flexibility to occupy one of the residential units while generating income from the remaining apartments and commercial spaces, subject to tenant occupancy and applicable requirements. With strong in-place returns, multiple income sources, and an opportunity to further increase NOI without extensive capital improvements, this is an attractive opportunity for investors seeking immediate cash flow, long-term appreciation, or a place to call home while building equity.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Zoning BFCG*
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Curbs
View Y/N No
View None
Roof Type Shingle
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7110013026
Acceptable Financing Contract
Listing Terms Contract
Special Listing Condition Standard
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Listed by Casey McKinley Compass 858-761-1401, DRE #02006706
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