9
See all 9 photos
$1,850,000
Est. payment /mo
9 Beds
5 Baths
0.29 Acres Lot
New
9209 Artesia Boulevard Bellflower, CA 90706
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26085095
Bedrooms 9
Lot Size 0.291 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Attention Investors! Rare 6-unit income property in Bellflower - No Rent Control! Fully renovated and turnkey with a 6.65% cap rate and $123,115 NOI. Unit mix includes (4) 2BD/1BA, (1) 3BD/2BA, and (1) 1BD/1BA. Every unit has been meticulously rehabbed with new kitchen cabinets, laminate flooring, recessed lighting, dual-pane windows, and updated bathrooms. Major upgrades include a new 30-year roof (2022), upgraded electrical, plumbing, and heating systems, a remote-controlled security gate, and a multi-unit mailbox. Tenants pay for gas and electricity. 9 parking spaces (7 covered carports + 2-car garage), with one garage bay rented for additional income. All tenants are month-to-month with pro forma upside. Ideally located at the LA/Orange County border with quick access to the 5, 91, 105, 605, and 710 freeways. Close to Cerritos, Lakewood, and Downey. Buyer to cooperate with Seller's 1031 Exchange at no cost. Don't miss this one!
Location
State CA
County Los Angeles
Zoning Assessor
Direction On Artesia Blvd., South of the 91 between Lakewood Blvd., and Clarke Avenue
Interior
Cooling Attic Fan, Other/Remarks
Fireplace No
Exterior
View Y/N No
Roof Type Rolled/Hot Mop
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7162017032
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
Listed by Tony Lopez, DRE#01752038 Coldwell Banker Envision
NEARBY SCHOOL & BUSINESS
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