9900 Ramona Street, Bellflower, CA 90706 For Sale

Located on a quiet residential street in the heart of Bellflower, 9900 Ramona Street is a 12-unit multifamily investment offering a compelling blend of in-place cash flow and meaningful value-add upside. The property is well-positioned for a new investor to continue executing a proven renovation strategy and drive rents toward market.

• Value-Add Opportunity - 7 of the 12 units remain in classic, unrenovated condition with rents ranging below current market levels, providing a clear runway for incoming ownership to continue interior upgrades and capture meaningful rent growth on a unit-by-unit basis.
• Comprehensive Exterior Capital Investment - The property has undergone a thorough exterior renovation program, including a new roof, vinyl windows, balcony and deck upgrades, wood repair, exterior paint, new mailboxes, and landscaping materially reducing near-term capital expenditure requirements for incoming ownership.
• Attractive Current Returns with Strong Upside - The asset delivers a 5.81% current cap rate with $217,812 in net operating income.
• Spacious, In-Demand Unit Mix - Comprising (4) One-Bedroom/One-Bath and (8) Two-Bedroom/Two-Bath units averaging ±952 SF, the property’s larger-than-average floor plans drive strong tenant demand and support above-average retention in the Bellflower rental market.
• Reduced Landlord Utility Costs - An established Ratio Utility Billing System (RUBS) passes utility expenses directly to tenants, protecting net operating income against rising utility rates and keeping owner operating costs in check.