$1,850,000
Attention Investors! Rare 6-unit income property in Bellflower - No Rent Control! Fully renovated and turnkey with a 6.65% cap rate and $123,115 NOI. Unit mix includes (4) 2BD/1BA, (1) 3BD/2BA, and (1) 1BD/1BA. Every unit has been meticulously rehabbed with new kitchen cabinets, laminate flooring, recessed lighting, dual-pane windows, and updated bathrooms. Major upgrades include a new 30-year roof (2022), upgraded electrical, plumbing, and heating systems, a remote-controlled security gate, and a multi-unit mailbox. Tenants pay for gas and electricity. 9 parking spaces (7 covered carports + 2-car garage), with one garage bay rented for additional income. All tenants are month-to-month with pro forma upside. Ideally located at the LA/Orange County border with quick access to the 5, 91, 105, 605, and 710 freeways. Close to Cerritos, Lakewood, and Downey. Buyer to cooperate with Seller's 1031 Exchange at no cost. Don't miss this one!
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Listed by Tony Lopez with Coldwell Banker Envision (562) 860-2443
Property Type
Apartment
Status
Active
MLS Number
RS26085095
Year Built
1951
Lot Size
0.29 acres