9816 Park St Bellflower, CA 90706

This 9-unit apartment building presents a compelling value-add opportunity in Bellflower, CA. Located on Park Street in the heart of downtown, this two-story, 1972-built property offers a mix of 4 two-bedroom and 5 one-bedroom units, totaling 6,466 square feet on a 10,083 square foot lot. The property boasts 100% occupancy with a current NOI of $123,482 and a 5.20% cap rate, projecting to $143,048 and a 6.02% pro-forma cap rate. The asking price is $2,375,550 ($263,950 per unit and $367.39 per square foot). Ample parking is provided with 14 spaces. Significant upgrades have been made over time, including a full copper re-pipe in 2011 with a 50-year warranty. The property benefits from its convenient location near freeways 91 and 605, offering easy access to major transportation routes and the amenities of downtown Bellflower, including restaurants and shopping. Current rents are below market average, presenting a significant opportunity to increase income and property value. This property is an excellent investment for those seeking strong returns in a growing Los Angeles County market. The building includes a landlord-owned community washer and dryer. The property's location in Bellflower offers access to the Bellflower Connect program, providing free outdoor wireless broadband.