4,316 Sqft Lot
4,316 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26207599
HOA Y/N No
Rental Info Month To Month
Year Built 1937
Lot Size 4,316 Sqft
Property Sub-Type Apartment
Property Description
Excellent opportunity to acquire a well-maintained, low-maintenance 5-unit income property located at 9745 Maple St., Bellflower. The property consists of approximately 2,720 square feet of building area on a 4,315-square-foot lot and currently generates $9,100 per month / $109,200 annually in gross rental income.
The property features a desirable unit mix consisting of one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units. Current monthly rents are:
3 Bedroom – $2,000
2 Bedroom – $2,000
Three 1 Bedrooms – $1,700 each
All five units were remodeled in 2023 and feature individual split-system air conditioning. The property also has a newer electrical panel. Tenants pay their own gas and electricity, helping to keep owner-paid utility expenses lower.
The property is conveniently located within walking distance of shopping, dining, and everyday services, with easy access to major freeways and surrounding commercial and employment areas. Parking is available on the street; the property does not have on-site parking.
Portions of two residential units incorporate areas that were formerly used as office space. Buyer is advised to independently verify permits, square footage, unit configurations, parking requirements, and permitted use with the City of Bellflower.
Offered at $1,450,000, the property has a current Gross Rent Multiplier (GRM) of approximately 13.28 based on existing rents.
An attractive opportunity for an investor seeking a remodeled, income-producing multifamily property in a convenient Bellflower location.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Interior
Heating Ductless
Cooling Ductless
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features None
Fence None
Pool None
Community Features Curbs, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Composition
Private Pool No
Building
Lot Description Zero Lot Line
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7110031007
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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