8858 Flower StBellflower, CA 90706

  • Office properties
  • 760 SF
For Sale
$1,065,000 View listing

Property Details for 8858 Flower St

Year built
1941
Construction
WOOD
Lot size
0.12 AC
Property size (Sq ft)
760 SF
Zone code
BFCG*
Property type
Office properties
Property subtype
Office buildings
APN
7107-008-044
APU
7107008044

Description

This exceptional investment opportunity encompasses two properties sold together: a prime retail building at 8858 Flower Street, Bellflower, CA, and a remodeled single-family residence at 16811 Lakewood Blvd. The retail space, totaling approximately 760 square feet, is situated on a 0.16-acre lot at a high-traffic, signalized intersection boasting excellent street visibility and rooftop signage potential. Its location near the 91 Freeway ensures easy accessibility. The building features enclosed yards and an oversized garage, providing ample storage and workshop space. Zoned Commercial (BFCG*), it offers plentiful on-site parking. Currently leased, this space is ideal for a retail store, showroom, or office. The accompanying single-family home, a remodeled 3-room property (2 bedrooms plus a den and covered patio) on a separate parcel, is currently tenant-occupied. This combined offering presents a unique opportunity for owner-users seeking SBA financing (up to 90% eligibility may apply), or investors seeking rental income from both properties. The high-traffic location and freeway proximity offer significant potential for various business ventures or future development. The total listing price includes both properties, and they must be sold together. The combined square footage of both properties is 1,470 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $187,263
    6.5%
    $172,858
    7%
    $160,511
  • Comparable approach

    Method
    Valuation
    Relative Method
    $242,425
    Geo Method
    $242,425
  • Alternative Use

    Use
    Valuation
    Residential
    $214,344
    Hospitality
    $196,338
    Educational
    $163,351
    Medical
    $168,969
    Retail
    $254,101
8858 Flower St, Bellflower, California

Location Insight

City
Bellflower
County
Los Angeles
State
California
Latitude
33.8818
Longitude
-118.143
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
$4,755
$244,800
$81,600
$326,400
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