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31833484
31833485

9209 Artesia Boulevard, Bellflower, CA 90706

TL
01752038
Coldwell Banker Envision
Listed by Coldwell Banker Envision
$1,850,000
58 days on market
Updated 48 days ago

9209 Artesia Boulevard

Details
APN 7162017032
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 6.65%
Buildings 2
Acreage 0.291
Zoning Assessor

Turnkey 6-Unit Investment Opportunity | No Rent Control | 6.65% Cap Rate | $123,115 NOI | Renovated

Marketing description

Attention Investors! Rare 6-unit income property in Bellflower - No Rent Control! Fully renovated and turnkey with a 6.65% cap rate and $123,115 NOI. Unit mix includes (4) 2BD/1BA, (1) 3BD/2BA, and (1) 1BD/1BA. Every unit has been meticulously rehabbed with new kitchen cabinets, laminate flooring, recessed lighting, dual-pane windows, and updated bathrooms. Major upgrades include a new 30-year roof (2022), upgraded electrical, plumbing, and heating systems, a remote-controlled security gate, and a multi-unit mailbox. Tenants pay for gas and electricity. 9 parking spaces (7 covered carports + 2-car garage), with one garage bay rented for additional income. All tenants are month-to-month with pro forma upside. Ideally located at the LA/Orange County border with quick access to the 5, 91, 105, 605, and 710 freeways. Close to Cerritos, Lakewood, and Downey. Buyer to cooperate with Seller's 1031 Exchange at no cost. Don't miss this one!
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Listing Contacts

TL
01752038
Coldwell Banker Envision
Listed by Coldwell Banker Envision

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