10329 Artesia BlvdBellflower, CA 90706
- Assisted living facilities
- 4,591 SF
Property Details for 10329 Artesia Blvd
- Year built
- 1940
- Construction
- WOOD
- Lot size
- 0.28 AC
- Property size (Sq ft)
- 4,591 SF
- Zone code
- BFCG
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 7163-015-038
- APU
- 7163015038
Description
This exceptional investment opportunity presents a 4,591 square foot, single-story commercial building located at 10329 Artesia Blvd, Bellflower, CA 90706, in Los Angeles County. Currently operating as a daycare, medical office, and pharmacy/drug store, the property boasts 100% occupancy under a strong Net Lease agreement with Integrated Life LLC, expiring December 31, 2028. The asking price is $3,090,000, representing a price per square foot of $673.06 and a 5.00% capitalization rate. The property generates a Net Operating Income (NOI) of $154,500. The building features a new roof installed in 2019, backed by a transferable 20-year warranty. The property is zoned BFCG and is offered as a 1031 exchange opportunity. With nearly five years remaining on the lease, this presents a stable and attractive investment with significant upside potential. Detailed financial information is available in the offering memorandum.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,105,764
- 6.5%
- $1,020,705
- 7%
- $947,798
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,684,103
- Geo Method
- $1,684,103
-
Alternative Use
- Use
- Valuation
- Residential
- $1,294,808
- Hospitality
- $1,186,037
- Educational
- $986,769
- Medical
- $1,020,705
- Retail
- $1,534,974
Location Insight
- City
- Bellflower
- County
- Los Angeles
- State
- California
- Latitude
- 33.8732
- Longitude
- -118.114
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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