Listed by Skyline Commercial Real Estate
$3,950,000
9248 Palm St
Details
APN 7162017073
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,042
Units 9
Cap Rate 4.77%
Pro-Forma Cap Rate 6.11%
Price per SqFt $303
Year Built 1986
Buildings 1
Lot Size (SqFt) 0.45
Zoning Public Rec
Multifamily | 4.77% CAP | 9 Units
Marketing description
Introducing the opportunity to acquire The Roof Gardens, a nine unit apartment building located in Bellflower, CA. The property is comprised of very spacious 2 bedroom 2 bathroom townhouse style units each with a two-car garage, private rooftop deck, washer and dryer hookups, and central A/C making this a highly unique asset rarely available in today's market. In addition to the two-car garages, there are an additional 7 parking stalls in the rear of the property that provide additional income. This back land area is approximately 1,800 SF providing an investor potential to construct ADU's and generate additional value. Built in 1986, this is a newer built asset with highly desirable units that attract long term tenants at strong rents in a preferable rental market.
Listing Contacts
Listed by Skyline Commercial Real Estate
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Zoning
R-3 ResidentialMulti FamilyMultiple Residential
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