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9628 Beverly ST Bellflower, CA 90706
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Key Details
Sold Price $2,550,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,913 sqft
Price per Sqft $286
MLS Listing ID CV19279237
Sold Date 03/20/20
HOA Y/N No
Year Built 1986
Lot Size 0.388 Acres
Acres 0.3885
Property Description
We are pleased to offer for sale this 9 Unit investment property located in the city of Bellflower. The subject property was built in 1986 and boasts a unit mix of all 2 Bedroom/2 Bathroom units. Tenants enjoy; interior laundry hookups, private two-car garages, private patio/balconies, and master bedroom with private bathroom. Tenants pay for ALL utilities including water! Currently offered at 14.21 GRM and a 4.92% CAP Rate, the last rental increase for 8 of the 9 units was in 2018. Thus, tenants are due for their annual increase bringing the financials to 13.2 GRM and a 5.6% CAP Rate, very lucrative investment for the next investor!!!
Location
State CA
County Los Angeles
Area Rf - Bellflower South Of 91 Frwy
Zoning BFR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Gas Dryer Hookup, Inside, Washer Hookup
Exterior
Garage Spaces 18.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre, Lot 10000-19999 Sqft
Story 1
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS Call Listing Agent Do Not Contact Occupants Drive By Only
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Bought with RE/MAX 2000