8858 Flower StBellflower, CA 90706
- Office properties
- 760 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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