9857 Belmont,Bellflower, CA 90706
Bellflower, CA 90706
Description
Excellent opportunity to acquire a well-located 6-unit property in the City of Bellflower. Conveniently situated between the 91 and 105 freeways and just west of the 605 freeway, the property offers excellent access throughout the greater Los Angeles area and is just a short drive from Orange County. Tenants enjoy the convenience of being within walking distance of restaurants, coffee shops, markets, banks, the post office, retail stores, salons, barbershops, gyms, and other neighborhood amenities. The property consists of three separate buildings offering an attractive and diverse unit mix: a 3-bedroom, 2-bathroom house at the front of the property; a triplex consisting of three 1-bedroom, 1-bathroom apartments; and a newer duplex, built in 2023, consisting of two 2-bedroom, 2-bathroom units. The two newer duplex units feature central air conditioning and loft areas accessed by retractable ladders, providing valuable additional space for storage or other flexible uses. The front house also features central air conditioning, while each of the three 1-bedroom units is equipped with a ductless split A/C system, providing air conditioning throughout all six units. The property offers approximately 4,483 square feet of building area on an approximately 11,328-square-foot lot, along with six on-site parking spaces. All six units are currently occupied and generate approximately $15,149 per month, or $181,788 annually, in gross scheduled rental income. Rents have not been increased in more than a year, providing potential for additional rental income, subject to applicable rent-increase laws and notice requirements. This property presents an attractive opportunity for an investor seeking immediate cash flow with additional income potential. It may also offer future owner-occupancy potential in the front 3-bedroom residence while generating rental income from the remaining five units. Offered at $2,549,000.
Details
| MLS # | RS26203983 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 46 |
| Listing Provided By | Empiric Brokers Realty | Dene Molina |
Features
| SQ Feet | 4,483 |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 3 |
| Acreage | 0.26 |
Interior
| Cooling | Central Air, Ductless |
|---|---|
| Heating | Central, Ductless |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Front Yard, Level, Near Public Transit, Rectangular Lot |
| Fencing | Block |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Bellflower |
| Zip Code | 90706 |
| Area | RG Bellflower North of 91 Frwy | S of Alondra |
| Listing VS Median (in 90706) | |
Price: $2,549,000 low | high Med: $799,999 sqft: 4,483 low | high Med: 939 $ / sqft: $569 low | high Med: $852 On site: 46 low | high Med: 52 | |
Market Activity 90706
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Bellflower |
| Zip Code | 90706 |
| Area | RG Bellflower North of 91 Frwy | S of Alondra |
| Listing VS Median (in 90706) | |
Price: $2,549,000 low | high Med: $799,999 sqft: 4,483 low | high Med: 939 $ / sqft: $569 low | high Med: $852 On site: 46 low | high Med: 52 | |
