9816 Park Street

Bellflower, CA 90706

$2,375,550
Price
13
Beds
10
Baths
6,466 Sq. Ft.
$367 / Sq. Ft.
6,466
Sq. Ft.
$367
per Sq. Ft.

Description

Ideally located only two lots off of the vibrant downtown of Bellflower Blvd. in Bellflower, California, this multifamily property offers an enticing investment opportunity, close walking proximity to dining and shopping, as well as convenient freeway access to the 91 and 605 freeways. The complex features nine units, including four 2-bedroom/1-bath, one 1-bedroom/1.5-bath, and four 1-bedroom/1-bath apartments, all supported by 14 gated parking spaces. Currently generating $13,215 in monthly income,...Ideally located only two lots off of the vibrant downtown of Bellflower Blvd. in Bellflower, California, this multifamily property offers an enticing investment opportunity, close walking proximity to dining and shopping, as well as convenient freeway access to the 91 and 605 freeways. The complex features nine units, including four 2-bedroom/1-bath, one 1-bedroom/1.5-bath, and four 1-bedroom/1-bath apartments, all supported by 14 gated parking spaces. Currently generating $13,215 in monthly income, with the potential to achieve approximately an income upside of $4,000 with modest rent adjustments,. All tenants are on a month-to-month lease, providing flexibility in management. Major updates include a new roof installed in 2007, a comprehensive copper re-pipe in 2011 with a 50-year warranty, a new 100-gallon water heater in 2022, and new windows in the majority of the units. Reach out for this opportunity today.
  1. Listed by Martin Marquez • DRE #02012061 • Brokerage DRE #01878277 • eXp Realty of California Inc. • 562-888-4561

Property Details for 9816 Park Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6466
Assessor Parcel Number
7109-026-018

Location

Listing Courtesy of eXp Realty of California Inc., Martin Marquez, DRE #02012061
Add your commute
LISTING UPDATED: 05/03/2024 12:56 AM

Property Details for 9816 Park Street

StatusActive
MLS #DW24075638
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc., Martin Marquez, DRE #02012061
Add your commute

Building Information for 9816 Park Street

Building/Complex9816 Park StFloor-Stories2Residences-Pet Policy-Year Built1972Building Size-

Payment Calculator

$14,491 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,964

Property Taxes

$1,527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9816 Park Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $158,580
  • Gross Scheduled Income: $158,580
  • Net Operating Income: $103,116
Expense Details
  • Operating Expense: $55,464
  • New Taxes Expense: $34,340
  • Insurance Expense: $2,411
  • Professional Management Expense: $8,000
  • Other Expense Description: 4 yr Avg
  • Trash Expense: $5,133
  • Water Sewer Expense: $1,826
  • Total Expenses: $55,258
Tax / Assessment Info
  • Tax Tract Number: 00
  • Tax Census Tract: 5544.05
  • CFD/Mello-Roos Fee: $2,749
  • Tax Lot: 416
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Automatic Gate
  • Security: Automatic Gate
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Auto Driveway Gate, Gated
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Auto Driveway Gate, Paved, Gated, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,145
  • Unit Type Total Rent: $1,145
  • Unit Type Pro Forma: 1802
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1802
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2052
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,630
  • Unit Type Total Rent: $1,630
  • Unit Type Pro Forma: 2052
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,270
  • Unit Type Total Rent: $1,270
  • Unit Type Pro Forma: 1802
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1802
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,570
  • Unit Type Total Rent: $1,570
  • Unit Type Pro Forma: 2052
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 2052
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Number With Carpet: 9
  • Number With Disposal: 9
  • Number With Patio: 2
  • Number Wall AC: 9

Property History for 9816 Park Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9816 Park Street

Taxable ValueLand$309,433Additions$1,115,026Total$1,424,459
Tax Record2023$18,326 ($1,527 / month)
Home Facts
Total Finished SqFt6,466 SqFtAbove Grade Finished SqFt6,466 SqFtLot Size10,083 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningBFR3*CountyLOS ANGELESAPN7109-026-018

Schools near 9816 Park Street

This home is within Bellflower Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - K to 12
Rating
School
Distance
Thomas Jefferson Elementary School
PublicK to 6

Mayfair High School
Public7 to 12

Bellflower Alternative Education Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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9816 Park Street is a multi-family home for sale in Bellflower, CA 90706. This property was listed for sale on April 16, 2024 by eXp Realty of California Inc., it's currently listed at $2,375,550. It has been on the market for a total of 51 days and was last sold on December 31, 2008. This listing's school district is Bellflower Unified School District. Nearby schools include Thomas Jefferson Elementary School, Mayfair High School and Las Flores Home Education Independent Study Academy. 9816 Park Street is a 13-bed, 10-bath, 6,466 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc., Martin Marquez, DRE #02012061

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.