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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

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9 Units in Bellflower

9628 Beverly St, Bellflower, CA 90706, USA
$2,550,000$283,333/Per Unit

Description

PROPERTY DESCRIPTION

HIGHLIGHTS

  • All 2-Bedroom/2-Bathroom Units
  • 8,913 Rentable Sq. Ft.   16,924 Sq. Ft. Lot
  • Separate Meters for ALL Utilities Including Water

TENANTS ENJOY

  • LARGE Units With Vaulted Ceilings
  • Private Bathroom in Master Bedroom
  • Second Guest Bathroom in Hallway
  • Interior Washer/Dryer Hookups
  • Updated Kitchens & Bathrooms
  • Dishwashers In Kitchen
  • Onsite 2-Car Garage Parking
  • Private Balcony/Patio

EXCELLENT FINANCIAL OPPORTUNITY

  • 14.21 GRM
  • 4.92% CAP RATE
  • $179,400 Gross Income
  • 6+% Cash Return With Market Rents In Place!

Kristopher German of RE/MAX Commercial is pleased to exclusively offer for sale this 9 Unit investment property located in the city of Bellflower. The subject property was built in 1986 and boasts a unit mix of all 2 Bedroom/2 Bathroom units. Tenants enjoy; interior laundry hookups, private two-car garages, private patio/balconies, and master bedroom with private bathroom. Tenants pay for ALL utilities including water! Currently offered at 14.21 GRM and a 4.92% CAP Rate, the last rental increase for 8 of the 9 units was in 2018. Thus, tenants are due for their annual increase bringing the financials to 13.2 GRM and a 5.6% CAP Rate, a very lucrative investment for the next investor!!!

  • Address: 9628 Beverly St
  • City: Bellflower
  • State/county: California
  • Zip/Postal Code: 90706
  • Country: United States

Detail

Updated on January 22, 2020 at 1:02 pm

  • Price: $2,550,000
  • Property Size: 8913 SqFt
  • Land Area: 16924 SqFt
  • Year Built: 1986
  • Property Type: Multi Family
  • Property Status: Under Contract

Additional details

  • # of Units: 9
  • Unit Mix: 9 (2+2)
  • Zoning: BFR3*
  • Cap Rate: 4.92%
  • GRM: 14.21

WalkScore

walkscore73 / Very Walkable more details here

Contact info

Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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