Listed by CBRE LA
$2,350,000
17819-17831 Clark Ave
Details
APN 7162-006-030 ; 7162-006-028
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 10,041
Units 12
Cap Rate 4.73%
NOI $111,050
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.37%
Price per SqFt $234
Year Built 1949/1954
Buildings 11
Stories 1
Acreage 0.510
Zoning R-2/C-G
Parking Spaces 24 spaces
Parking Per SqFt 2.39
For Sale | Stabilized Mixed-Use Property | Bellflower CA
Marketing description
Cbre, Inc. is Proud to Present 17819-17831 Clark Ave Nestled Within the Vibrant Heart of the City of Bellflower, California. Located Just South of the 91 Freeway, East of Lakewood Blvd., and West of Bellflower Blvd., the Property Offers an Investor the Opportunity to Own a Steady Piece of Real Estate in a City Within Los Angeles County With a Suburban Feel and Diverse Community. the Offering is an Existing Mixed-used Multifamily/retail Property That is Consists of a Total 10,041 Sf of Across 11 Buildings on a ±22,101 Sf Lot. the Easily-maintained Property Was Constructed in 1949 and 1954 and is Comprised of 8 Standalone Bungalow-style Multifamily Structures, 4 Retail Units and a Separate Laundry Facility. the Multifamily Structures Consists of 6 Studios/one-bath Units and 1 Two-bedroom/one Bath Unit, and 1 Three-bedroom/one Bath Unit. All Residential Buildings Have Been Upgraded With New Roofing, Dual-paned Windows, and Electrical Panels. the Units Are Equipped With Laminate and Tile Flooring, a Stove, Refrigerator, and in-unit Heating. Each Residential Building Has a Private Backyard Space and Adjacent Surface Parking Spaces.
Investment highlights
- Strategic Location Situated in the Prime Locale of Bellflower, This Mixed-use Property Enjoys Unparalleled Accessibility to Major Transportation Highways.
- Versatile Usage Whether You’re Seeking an Owner User Opportunity, Investment Play, or Storage Space, This Mixed-use Provides the Perfect Canvas to Realize Your Vision and Drive Business Success.
- Expansive Space Boasting an Impressive 10,041 Sf of Adaptable Space, This Asset Offers Boundless Opportunities for Customization and Scalability to Accommodate Your Evolving Business Needs and Personal Housing Accommodation.
- Proximity to Amenities Within Close Proximity to a Plethora of Amenities, Including Retail Centers, Dining Establishments, and Business Services, This Location Seamlessly Blends Convenience With Productivity.
- Ample Parking
Situated on Over 20,000 Sf Lot, the Property Accommodates Adequate
Private Parking Needs From Tenants and Retail Strip.
Listing Contacts
Listed by CBRE LA
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,050.00
$9,254.17/mo
Valuation Metrics
0
DSCR
4.73%
Cap Rate
4.73%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
