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9720 Cedar St
Bellflower, CA 90706

$1,400,000 USD

Apartments For Sale  •  4,532 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,532 SF
  • Lot Size 0.44 AC
  • Building Class C
  • Year Built 1923
  • Cap Rate 6.89 %
  • Zoning BFR2
0 Transit Score
75 Walk Score

Highlights

Unique Cottage Style Fourplex in Bellflower - This opportunity consists of all single level cottage style units on an oversized lot.
Two Units Vacant - The larger cottage and back cottage will be delivered vacant at close of escrow making this the perfect owner-user opportunity.
ADU Play - With 4 single car garages built in 2019, a new investor can take advantage of the newer structure and build an ADU (buyer to verify).
Washer Dryer Hookups and Ample Parking - Each unit has a washer/dryer hookup and there is ample parking on-site.
No Local Rent Control – Only Subject to AB-1482 - The property is subject to AB-1482 State Rent Control, making it easier to raise rents in the future

Property Flyers

Financial Summary (Actual)

Net Operating Income: $96,426 USD (2024)
Cap Rate: 6.89 %
Total Expenses: $32,208 USD

Amenities

  • Washer/Dryer Hookup

Public Transportation

Commuter RailDriveWalkDistance
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.9 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 6.7 mi
Los Angeles International 29 min - 21.1 mi
John Wayne/Orange County 31 min - 24.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
John Katnik 310-956-2291 BRC Advisors - BH, Inc.
John Katnik 310-956-2291 BRC Advisors - BH, Inc.