11944 Bellflower Boulevard

    Downey, CA 90242
    • $1,749,000
    • STATUS: Active
    • ON SITE: 250 days
    • ID#: AR18059359
    UPDATED: 31 min ago
    $1,749,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,032
      SQFT
    • $348
      $/SQFT

    School Ratings & Info

    Description

    Spectacular apartment building comprised of six (6) 2 Bedroom + 1 Bathroom units, and individual one (1) car garages located in the highly desirable city of Downey, California. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential.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 the income by modernizing the units.The entire property features large open layout units, with hardwood floors and tile throughout. All six (6) units are 2 bedrooms + 1 bathroom with a private individual one (1) car garage. The fence gives added security to the property. Each unit possesses its own one-car garage that contain shelving inside and security lighting outside. Superb location being walking distance from Kaiser Permanente, Downey Landing, New Promenade at Downey, and Stonewood Mall which include: LA Fitness, 24 Hour Fitness Super Sport, Macy+GGs, Kohl+GGs, Starbucks, Benihana, Chipotle, Kirkland+GGs, GNC, Five Guys, Chase, Bed Bath and Beyond, PetSmart, Cinemark Movie Theater and more.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T08:28:17.697. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/81565740

    11944 Bellflower Boulevard Downey, CA 90242

    • Price: $1,749,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: AR18059359
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,032
    SQFT
    $348
    $/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
    Spectacular apartment building comprised of six (6) 2 Bedroom + 1 Bathroom units, and individual one (1) car garages located in the highly desirable city of Downey, California. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential.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 the income by modernizing the units.The entire property features large open layout units, with hardwood floors and tile throughout. All six (6) units are 2 bedrooms + 1 bathroom with a private individual one (1) car garage. The fence gives added security to the property. Each unit possesses its own one-car garage that contain shelving inside and security lighting outside. Superb location being walking distance from Kaiser Permanente, Downey Landing, New Promenade at Downey, and Stonewood Mall which include: LA Fitness, 24 Hour Fitness Super Sport, Macy+GGs, Kohl+GGs, Starbucks, Benihana, Chipotle, Kirkland+GGs, GNC, Five Guys, Chase, Bed Bath and Beyond, PetSmart, Cinemark Movie Theater and more.
    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 AreaSee Remarks

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 93300.00 Gross Scheduled Income 93300.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Net Operating Income 59399.00 New Construction YN No New Taxes Expense 20458.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 31102.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGasOther Total Expenses 31102.00 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 2018-11-20T08:28:17.697. 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. Licensed in the State of California, USA.
     
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