Map of Property

Park Street

9816 Park St, Bellflower, CA 90706

  • For Sale $2,315,550
  • Property Type Multi-Family
  • Property Size 6,466 SF
  • Units 9
  • Lot Size 0.23 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 14
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1972
  • Date Updated Dec 20, 2024
Bellflower, California, is a vibrant and growing community located in Los Angeles County. It offers residents and visitors a unique blend of suburban charm and urban convenience. This city is known for its warm, welcoming atmosphere and a diverse population that contributes to a rich cultural fabric. Bellflower boasts an array of local amenities, including a variety of well-regarded restaurants, cafes, and boutique shops, making it a desirable place for both leisure and living. The heart of downtown Bellflower is a bustling hub where people come together to enjoy dining, shopping, and entertainment options, all within walking distance. The city's strategic location provides easy access to major freeways, such as the 91 and 605, facilitating convenient commutes to employment centers throughout the Greater Los Angeles Area. Additionally, Bellflower is recognized for its quality schools and community parks, enhancing its appeal to families and young professionals alike. With its blend of modern conveniences and a commitment to community well-being, Bellflower offers an inviting urban environment while maintaining the charm of a close-knit community. It's a place where tradition and progress converge, making it an attractive location for residents seeking a balanced and engaging lifestyle. TNestled in the vibrant and sought-after downtown area of Bellflower, this 9-unit multifamily property represents a rare and exciting investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout, this property is designed to meet the needs of a diverse range of tenants. Each unit is a testament to comfortable living, boasting good condition with various upgrades made over time.
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Highlights

  • Key Features:
  • Desirable Mix of Units: Includes 4 two-bedroom and 5 one-bedroom apartments, catering to a broad tenant demographic.
  • Secure and Ample Parking: Features 14 secured parking spaces behind a security gate, ensuring convenience and safety for all residents.
  • Community Amenities: A landlord-owned community washer and dryer adds to the convenience, making daily living easier for tenants.
  • Prime Location: Situated in the heart of downtown Bellflower, the property offers unparalleled access to top-rated restaurants, shopping, and entertainment options—all within walking distance. Additionally, the proximity to major freeways (91 and 605) ensures easy commutes and connectivity.
  • Financial Highlights:
  • Strong Rental Income: Current rents provide a steady income stream with significant upside potential ($4,000/month) to align closer to Bellflower's market average.
  • High Occupancy Rate: Boasts a 100% occupancy rate with a history of reliable, long-term tenants, ensuring a stable investment.
  • Attractive Investment Returns: Current net operating income (NOI) is $103,116 with a cap rate of 4.12% and a pro forma projecting a cap rate of 5.45%.
  • Upgrades done to the property:
  • -New Roof in 2007
  • -Full copper re-pipe in 2011 (50-year warranty)
  • -New 100-gallon water heater in 2022
  • Investment Potential:

Contacts

broker
Chase Wybenga

eXp Commercial

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable

  • Bike Score ®

    60/100 Bikeable
Powered by Walk Score ®
  • City Bellflower, CA
  • Neighborhood Bellflower
  • Zip Code 90706
  • Market Los Angeles

Points of Interest

  • Norwalk/Santa Fe Springs

    4.57 miles

  • Del Amo

    5.38 miles

  • Wardlow

    5.75 miles

  • Long Beach Boulevard

    5.88 miles

  • Pacific Coast Highway

    7.17 miles

  • Willowbrook/Rosa Parks

    7.40 miles

  • Calico Station

    7.50 miles

  • Camp Snoopy Depot

    7.58 miles

  • Anaheim Street

    7.62 miles

  • Buena Park

    7.79 miles

  • Arco

    0.56 miles

  • Chevron

    0.57 miles

  • 76

    1.10 miles

  • Mobil

    1.25 miles

  • 7-Eleven

    1.53 miles

  • 76 gas

    1.63 miles

  • eVgo

    1.93 miles

  • Valero

    1.98 miles

  • EVgo

    2.04 miles

  • Blink

    3.46 miles

  • Parking structure

    0.40 miles

  • staff parking

    1.71 miles

  • parking structure

    1.81 miles

  • Lakewood Boulevard Park And Ride

    2.56 miles

  • Metro Norwalk C Line Station Parking

    2.65 miles

  • North Parking

    2.69 miles

  • south parking lot

    2.86 miles

  • Faculty parking

    3.05 miles

  • Bellflower Travel Inn

    1.13 miles

  • Rodeway Inn & Suites

    1.14 miles

  • Artesia Motor Inn

    1.16 miles

  • Royalty Inn

    1.24 miles

  • Lucky Lodge Motel

    1.41 miles

  • Motel 6

    1.50 miles

  • Colonial Motel

    2.22 miles

  • Travelodge Artesia

    2.35 miles

  • Days Inn & Suites by Wyndham Artesia

    2.52 miles

  • Rodeway Inn

    2.57 miles

  • Marino's

    0.03 miles

  • Yummi Yummi Bionicos

    0.06 miles

  • Winchell's Donut House

    0.08 miles

  • Bellflower Diner

    0.11 miles

  • Golden Corral

    0.18 miles

  • In-N-Out Burger

    0.20 miles

  • Chris 'n' Pitts

    0.21 miles

  • Wingstop

    0.24 miles

  • Dunkin'

    0.24 miles

  • Jenny's Donuts & Croissants

    0.29 miles

  • Saint Bernard School

    0.16 miles

  • Las Flores Elementary School

    0.31 miles

  • Lincoln School

    0.32 miles

  • Thomas Jefferson Elementary School

    0.59 miles

  • Woodruff Avenue School

    0.66 miles

  • Bellflower School

    0.71 miles

  • Bellflower Christian School

    0.72 miles

  • Ramona Elementary School

    0.73 miles

  • Somerset Continuation High School

    0.78 miles

  • Craig Williams Elementary School

    0.91 miles

  • injoy life

    0.69 miles

  • Rancho Los Amigos Daycare

    3.76 miles

  • The Learning Box Childcare & Enrichment Center Inc

    4.12 miles

  • Artesia Head Start

    4.43 miles

  • Montessori Academy of Downey

    4.94 miles

  • Oak Wood Academy

    5.04 miles

  • Options

    5.63 miles

  • YMCA Child Care

    5.96 miles

  • MAOF Downey Center

    6.23 miles

  • A Village Child Care

    6.60 miles

Frequently Asked Questions

How much does Park Street cost?

The space currently listed for sale at Park Street asks for $2,315,550.

What is the total square footage of Park Street?

Park Street totals 6,466 square feet.

When was this property built?

Park Street was built in 1972.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Chase Wybenga

eXp Commercial