15729 Bellflower Blvd - Storefront Retail/Residential FOR SALE


Bellflower, CA 90706
$1,250,000 USD
562-269-4844
15729 Bellflower Blvd, Bellflower, CA for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 2.98% Cap Rate

15729 Bellflower Blvd
Bellflower, CA 90706


HIGHLIGHTS

  • Mixed use auto repair, storefront retail/office and multifamily
  • Excellent location close to the intersection of Bellflower Blvd and Alondra Blvd
  • Large 8,607 square foot lot offering ample parking
  • Significant upside in rental income
  • Perfect auto-related owner-user opportunity

OVERVIEW

An excellent opportunity to acquire a well-maintained 5-unit mixed-use building in Bellflower, CA. Located at 15729 Bellflower Blvd, this commercial asset was built in 1944. The front building offers two storefront retail/office units on the ground level and two 1 bed + 1 bath apartments on the second story. The back building has been operating for 40+ years as an auto repair shop. Building square footage on title shows 2,112 but the entire square footage including the auto repair shop is estimated to be 4,612 gross rentable square feet. Both buildings are situated on a large 8,607 square foot lot. Recent improvements include new silicone sealant on roofs with a 10-year warranty, two new electrical subpanels and interior renovations to apartment #31 ½. The property is within close proximity to the intersection of Bellflower Blvd and Alondra Blvd and boasts a diverse surrounding tenant mix. Nearby tenants include WaBa Grill, Round Table Pizza, Cold Stone Creamery, O’Reilly Auto Parts, Smart & Final, Panda Express, Jersey Mike’s Subs and US Bank just to name a few. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return. The long-standing auto repair shop provides an exceptional opportunity for a new owner to operate their business in a location with a proven track record for success. One of the best options for a buyer may be to obtain SBA financing, operate in the auto repair space and utilize income from the other rental units to cover expenses and a portion of the loan payments.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

2.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,607 SF

ZONING

BFCGYY

APN/PARCEL ID

6271-033-013

ASK ABOUT THIS PROPERTY

Michael AlperCentennial AdvisersMore Info
562-269-4844

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Michael AlperCentennial AdvisersMore Info
562-269-4844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.