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9209 Artesia Boulevard

Bellflower, CA 90706
  • $1,850,000
  • STATUS: Active
  • ON SITE: 352 Days
  • ID#: RS23100708
UPDATED: 92 min ago
$1,850,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Tony Lopez of Berkshire Hathaway HomeService (562-860-2443)


Description

Attention all investors! Don't miss out on this remarkable opportunity to own a Commercial/Residential Income Property in the City of Bellflower. This investment property offers 6 units recently remodeled. Each unit has been meticulously rehabbed from top to bottom, with new kitchen cabinets, flooring, lighting, windows, and bathrooms. 4 units offer 2 bedrooms and 1 bathroom; there is a larger 3 bedrooms/2 bathroom unit and a 1-bedroom/1 bath unit in the front. There are 7 carport parking spots and 2 garages currently rented as storage units. Tenants are responsible for their utilities, such as Gas and Electric, landlord pays for water and trash. All tenants are on a 12-month lease. These units have been extensively renovated with a brand new 30-year roof installed in 2022, a brand-new remote-controlled gate, new windows and doors throughout, a new mailbox, new electrical, plumbing, heating, ceiling fans, kitchen cabinets, bathroom showers, and sinks. The storefront has been beautifully renovated as a 1-bedroom residential unit.Located in the heart of LA and Orange County, this property is uniquely situated for an easy commute either way. Close to Cerritos, Lakewood, Downey, LAX, and all major transportation hubs in Southern California. Plus, there is no rent control in the city of Bellflower. Don't let this opportunity pass you by! Act fast and secure your investment today. Remember, here today, gone tomorrow!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T22:33:14.837. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Living Socal Group Corporation. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/140362944
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9209 Artesia Boulevard Bellflower, CA 90706

  • Price: $1,850,000
  • Status: Active
  • On Site: 352 Days
  • Updated: 92 min ago
  • ID#: RS23100708
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1951
Built
Neighborhood:
RF - Bellflower South of 91 Frwy
County:
Los Angeles
Area:
RF - Bellflower South of 91 Frwy
Property Description
Attention all investors! Don't miss out on this remarkable opportunity to own a Commercial/Residential Income Property in the City of Bellflower. This investment property offers 6 units recently remodeled. Each unit has been meticulously rehabbed from top to bottom, with new kitchen cabinets, flooring, lighting, windows, and bathrooms. 4 units offer 2 bedrooms and 1 bathroom; there is a larger 3 bedrooms/2 bathroom unit and a 1-bedroom/1 bath unit in the front. There are 7 carport parking spots and 2 garages currently rented as storage units. Tenants are responsible for their utilities, such as Gas and Electric, landlord pays for water and trash. All tenants are on a 12-month lease. These units have been extensively renovated with a brand new 30-year roof installed in 2022, a brand-new remote-controlled gate, new windows and doors throughout, a new mailbox, new electrical, plumbing, heating, ceiling fans, kitchen cabinets, bathroom showers, and sinks. The storefront has been beautifully renovated as a 1-bedroom residential unit.Located in the heart of LA and Orange County, this property is uniquely situated for an easy commute either way. Close to Cerritos, Lakewood, Downey, LAX, and all major transportation hubs in Southern California. Plus, there is no rent control in the city of Bellflower. Don't let this opportunity pass you by! Act fast and secure your investment today. Remember, here today, gone tomorrow!
Exterior Features

Carport Spaces 7 Carport YN Yes Entry Level 1 Fencing BrickPartial Lot Features 6-10 Units/AcreLevelNo LandscapingNear Public TransitRectangular Lot Open Parking Spaces 3 Parking Total 10 Roof CompositionMixedReflectiveShingle Sign On Property YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Business Type Commercial Cap Rate 6.87 Common Interest None Current Financing Private Electric Standard Electric Expense 0 Gross Scheduled Income 159600 Insurance Expense 2616 Land Lease YN No Laundry Features InsideSee Remarks Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New LoanConventionalSubmit Net Operating Income 137444 Number Of Units Leased 6 Operating Expense 26956 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(s)Security GateSmoke Detector(s) Special Listing Conditions Standard Tax Annual Amount 21250 Tax Year 2022 Trash Expense 1970 Utilities Sewer ConnectedWater Connected Vacancy Allowance Rate 1 Water Sewer Expense 1120 Water Source Public Zoning BFM1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-24T22:33:14.837. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Living Socal Group Corporation. Licensed in the State of California, USA.
 
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Better Living Socal Group Corporation
250 El Camino Real #104
Tustin CA, 92780
Listing Agent(s): Tony Lopez of Berkshire Hathaway HomeService (562-860-2443)