10329 Artesia BlvdBellflower, CA 90706

For Sale
$3,090,000 View listing
  • 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
10329 Artesia Blvd, Bellflower, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,118
$423,120
$423,120
$846,240
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FAQs

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