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31585047
31585062

16720 Lakewood Blvd, Bellflower, CA 90706

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles
$2,395,000
58 days on market
Updated 58 days ago

16720 Lakewood Blvd

Details
APN 7105-013-022
Property Type Retail, Special Purpose
Sub Type Auto Shop, Auto Sales (+1)
Square Footage 2,176
Net Rentable (SqFt) 2,176
Units 1
Cap Rate 5.07%
NOI $121,543
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 11/30/2030
Remaining Term 4.5
Pro-Forma Cap Rate 6.03%
Pro-Forma NOI $144,497
Price per SqFt $1,101
Broker Co-Op Yes
Year Built 1971
Buildings 1
Stories 1
Lot Size (SqFt) 20,314
Zoning BFGG
Parking Spaces 35 spaces
Parking Per SqFt 16.08
Investment Type Net Lease
Ground Lease No

Development Site - Current Auto Use

Marketing description

We are pleased to present an estimated 20,314 SF commercial lot with 2,176 SF of improvements located in the City of Bellflower. The property is currently occupied by an auto sales with a soon-to-be expiring lease, allowing a new owner the ability to reposition the property. Located along the busy Lakewood Blvd and Flower corridor, the property is well- positioned for an owner-user/investor seeking significant street presence, or for a developer seeking a substantial site for a new development. The City of Bellflower has historically been accommodating to residential developers seeking either a market-rate or an affordable housing development. As a development opportunity, the corner lot allows a developer the ability for easy ingress/egress while building a high-density residential property. As a repositioning opportunity, the property's corner location with 30,000 VPD and being just 3 blocks from the 91 freeway, there's potential to attract a credit-rated tenant once the current lease expires. With its close proximity to the 91, 105, 605, and 710 freeways, the property is well-positioned for any type of investor to take advantage of continued appreciation for years to come. Any Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property. Contact the listing broker for additional information.

Investment highlights

Listing Contacts

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$121,543.00
$10,128.58/mo

Valuation Metrics

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DSCR
5.07%
Cap Rate
5.07%
ROI

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