9203 Park Street, Bellflower, CA 90706
-
Sold Price :
$2,503,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1987
Property Description
9203 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%). Residing on an 19,535 SF lot, 9203 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 and a two-car garage with a side-by-side washer and dryer. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify). The property presents approx. 37% rental upside compared to renovated townhomes in the area, and is offered at $329 per foot, which at the list price it stabilizes at a 5.79% CAP rate and 12.07 GRM. 9203 Park is offered in conjunction with another 7-unit townhouse-style complex that is three parcels away (9137 Park) and can be purchased individually or together.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Carpet |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
9203 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 |
$2,503,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
19,535 |
| Year Built |
1987 |
Listing information courtesy of: Kenny Stevens, Jon Granston, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 30th, 2023 at 12:38 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.
