9720 Cedar St - Apartments FOR SALE


Bellflower, CA 90706
$1,400,000 USD
310-956-2291
9720 Cedar St, Bellflower, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/15
null | 6.89% Cap Rate

9720 Cedar St
Bellflower, CA 90706


HIGHLIGHTS

  • Unique Cottage Style Fourplex in Bellflower - This opportunity consists of all single level cottage style units on an oversized lot.
  • Two Units Vacant - The larger cottage and back cottage will be delivered vacant at close of escrow making this the perfect owner-user opportunity.
  • ADU Play - With 4 single car garages built in 2019, a new investor can take advantage of the newer structure and build an ADU (buyer to verify).
  • Washer Dryer Hookups and Ample Parking - Each unit has a washer/dryer hookup and there is ample parking on-site.
  • No Local Rent Control – Only Subject to AB-1482 - The property is subject to AB-1482 State Rent Control, making it easier to raise rents in the future

OVERVIEW

We are proud to present this unique 4-unit apartment opportunity in the city of Bellflower! The offering features a total of 4 single level cottage style units consisting of 4,532 total building square feet on a massive 18,996 square foot lot. The unit mix comprises of one 2-bedroom/1.5-bathroom plus den and three 2-bedroom/1-bathroom units. There is immediate upside or owner-user potential with the larger front house and back cottage being delivered vacant at close of escrow. All units include washer/dryer hookups and spacious floorplans! Along the property there is ample parking on-site. There are 7 single car garages (4 built in 2019) along with multiple open spaces and carports. The garages built in 2019 are an easy ADU play as it is a newer structure with electrical already in place (buyer to verify). Most utilities are individually metered on the property including gas and electricity keeping utility costs relatively low. Bellflower does not have local rent control, making this property subject to AB-1482 allowing healthy rent increases for the future owner. Located in a residential area, the property benefits from a quiet environment while being close to essential services and retail. The proximity to major thoroughfares allows for easy commuting to nearby cities, with public transport options available. Do not miss your opportunity to acquire this rare asset in the city of Bellflower!

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

6.89%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cottage Style Fourplex on Large Lot

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

18,996 SF

ZONING

BFR2

APN/PARCEL ID

7161-018-006

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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