9816 Park St
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9816 Park St
9 Unit Block of Flats £1,841,101 (£204,567/Unit) 5.33% Net Initial Yield Bellflower, CA 90706
INVESTMENT HIGHLIGHTS
- Desirable Mix of Units: Includes 4 two-bedroom and 5 one-bedroom apartments, catering to a broad tenant demographic.
- Community Amenities: A landlord-owned community washer and dryer adds to the convenience, making daily living easier for tenants.
- 100 Occupied, With monthly income of $13,215 an additional $4,000 a month in upside w market rents
- Secure and Ample Parking: Features 14 secured parking spaces behind a security gate, ensuring convenience and safety for all residents.
- Prime Location: Situated in the heart of downtown Bellflower, close proximity to major freeways.
- Roof Was replaced in 2007, Full Copper repipe 2011(50yr warranty), New 100 Gallon Water Tank in 2022
EXECUTIVE SUMMARY
Nestled in the vibrant and sought-after downtown area of Bellflower, this 9-unit multifamily property represents a rare and exciting
investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout. Location Location Location!
investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout. Location Location Location!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£165,255
|
£25.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£165,255
|
£25.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£51,490
|
£7.96
|
| Net Operating Income |
£113,765
|
£17.59
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £165,255 |
| Annual Per SF | £25.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £165,255 |
| Annual Per SF | £25.56 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £51,490 |
| Annual Per SF | £7.96 |
| Net Operating Income | |
|---|---|
| Annual | £113,765 |
| Annual Per SF | £17.59 |
PROPERTY FACTS
| Price | £1,841,101 | Apartment Style | Low Rise |
| Price Per Unit | £204,567 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Net Initial Yield | 5.33% | Building Size | 6,466 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.14 | Number of Floors | 2 |
| No. Units | 9 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 2.17/1,000 SF |
| Property Subtype | Apartment |
| Price | £1,841,101 |
| Price Per Unit | £204,567 |
| Sale Type | Investment |
| Net Initial Yield | 5.33% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.14 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,466 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.17/1,000 SF |
SITE AMENITIES
- Laundry Facilities
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 7109-026-018 | Improvements Assessment | £903,654 |
| Land Assessment | £251,011 | Total Assessment | £1,154,665 |
PROPERTY TAXES
Parcel Number
7109-026-018
Land Assessment
£251,011
Improvements Assessment
£903,654
Total Assessment
£1,154,665
ZONING
| Zoning Code | R3 |
| R3 |
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9816 Park St
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