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$1,300,000
Est. payment /mo
8 Beds
4 Baths
3,405 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,405 sqft
Price per Sqft $381
MLS Listing ID 25568281
Bedrooms 8
HOA Y/N No
Year Built 1930
Lot Size 6,908 Sqft
Property Description
9527 Los Angeles St. is a fully occupied 4-unit multifamily property located in a quiet residential pocket of Bellflower, just northwest of the 605 and 91 freeway interchange. This well-maintained property offers an attractive value-add opportunity in a strong rental submarket of Southern California. Situated on a 6,909 SF rectangular lot, the property consists of one single-story front house and a two-story triplex in the rear, totaling approximately 3,406 rentable square feet. Originally built in 1930, the building features a desirable unit mix of four 2-bedroom/1-bathroom units, including a standalone front unit that adds to tenant appeal. The property is currently 100% occupied, with rents approximately 50% below market, providing a clear path for rental upside. Based on updated market rents, the asset has the potential to achieve a pro forma CAP rate of 5.88%, making it a compelling investment in a supply-constrained rental market. (Buyers to perform their own due diligence regarding rent regulations.) Ideally located near Alondra Blvd. and Bellflower Blvd., the property offers residents easy access to local shopping, restaurants, schools, and major employment centers, as well as excellent freeway connectivity.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Zoning BFR3*
Interior
Heating Forced Air
Fireplace No
Appliance Disposal
Exterior
Parking Features Carport, Driveway
Total Parking Spaces 6
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 7106010015
Special Listing Condition Standard
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Listed by Edward Pan Colliers International Greater Los Angel