Sold!
A townhouse complex 1 mile west of Downtown Bellflower, with seven non-rent-controlled units under California rent control (5% + CPI increase). The property offers a 27% rental upside, priced at $296 per foot, stabilizing at a 6.07% CAP rate and 11.49 GRM. On an 18,842 SF lot, it includes (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. units, each with a patio, one-car garage with washer/dryer, and an additional parking space. Potential for future ADU addition (buyer to verify).
9137 Park St, Bellflower, CA 90706
Multi-Family | 15 Bed | 11 Bath | 8,628 Sq Ft
Offered at $2,550,000
Listed by Granston Group
DRE 01876007
