Listed by Morgan Skenderian Investment Real Estate Group
$5,150,000
9240 Palm Street
Details
APN 7162017015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,421
Units 16
Cap Rate 5.66%
NOI $291,281
Occupancy 100%
Pro-Forma Cap Rate 5.98%
Pro-Forma NOI $307,868
Price per SqFt $384
Class C
Year Built 3600
Buildings 1
Stories 2
Acreage 0.452
Zoning Assessor
Parking Spaces 22 spaces
Parking Per SqFt 1.64
Ground Lease No
Ownership Fee Simple
16 UNITS IN BELLFLOWER, CA | LARGE 1/1 & 2/2 UNITS
Marketing description
|| ABSOLUTE PRIDE OF OWNERSHIP, TURN-KEY PROPERTY || GREAT MIX OF 1-BEDROOM/1-BATH & 2-BEDROOM/2-BATH UNITS || STRONG BELLFLOWER RENTAL MARKET NEAR MAJOR THOROUGHFARES || LARGE FLOORPLANS WITH PRIVATE PATIOS || NOT SUBJECT TO CITY RENT CONTROL ||
Investment highlights
Great Mix of 1-Bedroom/1-Bath & 2-Bedroom/2-Bath Units
Absolute Pride of Ownership, Turn-Key Property
Strong Bellflower Rental Market Near Major Thoroughfares
Large Floorplans with Private Patios
Not Subject to City Rent Control
Listing Contacts
Listed by Morgan Skenderian Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$291,281.00
$24,273.42/mo
Valuation Metrics
0
DSCR
5.66%
Cap Rate
5.66%
ROI
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