9137 Park Street, Bellflower, CA 90706
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Sold Price :
$2,300,000
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Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1977
Property Description
9137 Park is a sprawling townhouse complex located 1 mile west of Downtown Bellflower that features seven value-add townhouse-style units not subject to local rent control. These townhomes fall under State of California rent control, which allows for an annual rent increase of 5% + CPI (currently 8.8%). The property presents approx. 27% rental upside compared to renovated townhomes in the area, and is offered at $296 per foot, which at the list price it stabilizes at a 6.07% CAP rate and 11.49 GRM. Residing on an 18,842 SF lot, 9137 Park features an attractive unit mix comprising of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. townhouse-style units. Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify).
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Carpet |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
9137 Park Street |
| City |
Bellflower |
| State |
CA |
| Zip |
90706 |
| County |
Los Angeles |
| Listing Agent |
Kenny Stevens DRE #01090251 |
| Co-Listing Agent |
Jon Granston DRE #01876007 |
| Courtesy Of |
Compass |
| Close Price |
$2,300,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
18,842 |
| Year Built |
1977 |
Listing information courtesy of: Kenny Stevens, Jon Granston, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 29th, 2023 at 1:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
