9719 Belmont, Bellflower, CA 90706

$2,650,000

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List Price
$2,650,000
Status
ACTIVE
MLS#
DW26231065
Year Built
1935
Lot Size
9,812
Acres
0.23
Lot Location
0-1 Unit/Acre
Days on Market
0
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Great Investment Opportunity – 9719–9725 Belmont St, Bellflower, CA 90706 Don’t miss this rare opportunity to acquire a well-maintained 8-unit multi-family complex in the heart of Bellflower. Conveniently situated between the 91 and 105 freeways and just west of the 605 freeway Located within walking distance to downtown, Tenants enjoy the convenience of being within walking distance to restaurants, coffee shops, markets, banks, the post office, retail stores, salons, barbershops, gyms, and other neighborhood amenities. This property is ideally positioned in a high-demand rental area with no local rent control, offering investors strong in-place cash flow and value-add potential. The property consists in total of eight units consisting in of: (5) One bedroom one bathroom units; (2) Two-bedroom one bathroom units (1) Three-bedroom one bathroom unit Total current monthly rental income is $16,875, not including additional potential income from carport parking and on-site coin-operated laundry. Additional Features: *New roof installed in 2022 *Beautiful one-story bungalow style design *Dedicated carport parking (not included in leases—can be rented separately for added income) *All tenants are in a month to month contracts *On-site laundry facility generating extra revenue *Low-maintenance landscaping and overall well-kept condition *Convenient location just minutes from shopping, dining, and major freeways This turnkey investment offers a stable tenant base and consistent income, making it ideal for both new and experienced investors looking to expand their portfolio with a solid Southern California asset. - Buyer and Buyer Agent are responsible to verify all information.

Additional Information

Appliances
Gas Cooktop, Gas Oven, Gas Water Heater
Pool Description
None
Heat
Wall Furnace
Sewer
Public Sewer
Water
Public
Interior Features
All Bedrooms Down
Attached Structure
Attached
Number Of Units Total
8
Gross Scheduled Income
$202,500
Operating Expense
5435

Listing courtesy of Listing Agent: Giomar Vasquez (giomar.vasquez@gmail.com) from Listing Office: G & V Options & Solutions Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.