32 Unit Apartment Building in Heart of Bellflower

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Address: 15741 Blaine Ave, Bellflower, CA 90706, USA
Created date: June 16, 2024
Date last updated: June 17, 2024

Cap Rate is based on the actual rent income and actual expense.
Low maintenance
Low vacancy factor
24/7 resident manager/handy man

Property Description

Well maintained spacious 32 unit apartment building. 32 parking spaces in a large parking area. Huge, open, concrete area separating units from parking area may be an opportunity to build additional units. All 1 BR 1 BA except the resident manager's unit which is a 2 BR 1 BA. Conveniently located close to freeways, shops and schools. Onsite laundry room, with leased equipment through Wash. East and South facing windows in all units replaced with retro dual pane windows. Resident manager/handyman at unit #1.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $7,900,000
No. of Units: 32
Cap Rate: 4.63%
GRM /GIM: 14.42
Average Occupancy: 97
Year Built: 1955
Year Renovated: 2022
Building Size: 16,128 Sq ft
Lot Size: 30,735.00 Sq ft
No. of Stories: 2
APN: 6271-031-014
Zoning Code: BFR3*
Opportunity Zone: No
Price per unit: $246,875
Parking Spaces: 32
Address: 15741 Blaine Ave, Bellflower, CA 90706, USA

Additional contacts

Full name Phone number Email address
Ikumi Baker 5623100490 [email protected]
Drew Baker 5623100489 [email protected]

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