11944 Bellflower Boulevard

    Downey, CA 90242
    • $1,800,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: AR18059359
    $1,800,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,032
      SQFT
    • $358
      $/SQFT

    School Ratings & Info

    Description

    11944 Bellflower Blvd, a 6-unit apartment property comprised of a single two-story building located in the highly desirable city of Downey, CA. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 2008 and since then, is the first time being offered for sale. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control Buyers can quickly add value and increase income by modernizing the units. With only blocks away from Kaiser Permanente, Downey Landing and Stonewood Shopping Center it is within excellent proximity to many inevitabilities. Most of the tenants are long-term tenants on month to month agreement, ideal for a value-add investor. All 6 units are 2bed + 1bath mix each with a private fenced yard behind a rod iron fence. The fence gives security to the units as well as helps maintain the abundant landscaping of the property. Each unit possesses its own car garage that contain shelving inside and security lighting outside. Well maintained units equipped with large kitchen, large living area and large bedrooms. DO NOT GO DIRECT.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-25T00:27:11.463. 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.
    www.playavistaliving.com/homes/81565740

    11944 Bellflower Boulevard Downey, CA 90242

    • Price: $1,800,000
    • Status: Active
    • ID#: AR18059359
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,032
    SQFT
    $358
    $/SQFT
    1955
    Built
    Neighborhood:
    D3 - Southwest Downey, S of Firestone, W of Downey
    County:
    Los Angeles
    Area:
    D3 - Southwest Downey, S of Firestone, W of Downey
    Property Description
    11944 Bellflower Blvd, a 6-unit apartment property comprised of a single two-story building located in the highly desirable city of Downey, CA. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 2008 and since then, is the first time being offered for sale. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control Buyers can quickly add value and increase income by modernizing the units. With only blocks away from Kaiser Permanente, Downey Landing and Stonewood Shopping Center it is within excellent proximity to many inevitabilities. Most of the tenants are long-term tenants on month to month agreement, ideal for a value-add investor. All 6 units are 2bed + 1bath mix each with a private fenced yard behind a rod iron fence. The fence gives security to the units as well as helps maintain the abundant landscaping of the property. Each unit possesses its own car garage that contain shelving inside and security lighting outside. Well maintained units equipped with large kitchen, large living area and large bedrooms. DO NOT GO DIRECT.
    Exterior Features

    Garage Spaces 6.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 90792.00 Gross Scheduled Income 93600.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Net Operating Income 60658.00 New Taxes Expense 20747.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 30134.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 30134.00 Trash Expense 960.00 Water Sewer Expense 960.00 Water Source Public Year Built Source Assessor Zoning Dor3*

    Listing provided courtesy of Matthew Guerra of Gig Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-25T00:27:11.463. 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.
     
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