17825 Clark Avenue

Bellflower, CA 90706

$2,350,000
Price
11
Beds
8
Baths
10,041 Sq. Ft.
$234 / Sq. Ft.
10,041
Sq. Ft.
$234
per Sq. Ft.

Description

17819-17831 Clark Ave is a mixed-use property nestled within the vibrant heart of the City of Bellflower, California. Located just south of the 91 freeway, east of Lakewood blvd., and west of Bellflower Blvd., the property offers an investor the opportunity to own a steady piece of real estate in a city within Los Angeles County with a suburban feel and diverse community. The offering is an existing mixed-used multifamily/retail property that is consists of a total 10,041 SF of across 11 buildings...17819-17831 Clark Ave is a mixed-use property nestled within the vibrant heart of the City of Bellflower, California. Located just south of the 91 freeway, east of Lakewood blvd., and west of Bellflower Blvd., the property offers an investor the opportunity to own a steady piece of real estate in a city within Los Angeles County with a suburban feel and diverse community. The offering is an existing mixed-used multifamily/retail property that is consists of a total 10,041 SF of across 11 buildings on a 22,101 SF lot. The easily-maintained property was constructed in 1949 and 1954 and is comprised of 8 standalone bungalow-style multifamily structures, 4 retail units and a separate laundry facility. The multifamily structures consists of 6 studios/one-bath units and 1 two-bedroom/one bath unit, and 1 three-bedroom/one bath unit. All residential buildings have been upgraded with new roofing, dual-paned windows, and electrical panels. The units are equipped with laminate and tile flooring, a stove, refrigerator, and in-unit heating. Each residential building has a private backyard space and adjacent surface parking spaces. Bellflower is centrally positioned among major freeways, which includes the I-605 and I-91, this investment opportunity provides access to local retail, major business areas, and surrounding amenities. Surrounding neighborhoods include Paramount, Bixby Knolls, Lakewood, Artesia, and Norwalk. Beyond the convenience of major freeways, Bellflower offers an excellent public transportation network. This comprehensive coverage enables individuals to move in and out of the city with relative ease, fostering a sense of connectivity and making Bellflower an ideal location for those who value both local and regional accessibility. Bellflower boasts a mixture of incredible amenities, historical attractions, and delightful local dining options. Standout features include the Los Angeles County Fire Department, Hollywood Sports Paintball & Airsoft Stadium, the Flux Bar, and historical attractions from Bellflower's time as a Dutch Enclave for more than 100 years. Given the property's stable real estate fundamentals, which include its location, 17819-17831 Clark Ave is an excellent investment choice for an investor seeking growth, stability, and a hedge against inflation.
  1. Listed by Jenny Eng • DRE #01931224 • Brokerage DRE #AR044733 • CBRE

Property Details for 17825 Clark Avenue

Zoning
BFR3
Parcel Number
7162006030
Total Units
12.0
Living Area
10041
Source Living Area
Assessor
Area
Bellflower South of 91 Frwy (RF)
Vacancy Rate
3%
Lot Size Area
22101
LISTING UPDATED: 10/28/2024 12:24 PM

Property Details for 17825 Clark Avenue

StatusActive
MLS #24-400109
Days on Market191
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.51 AC / 22,101 SF
CountyLos Angeles County

Building Information for 17825 Clark Avenue

Stories-Residences-Year Built1949Building Size-Lot Size0.51 AC / 22,101 SF

Property Information for 17825 Clark Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 11
  • Type Of Units: Mixed-use
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $191,400
  • Net Operating Income: $111,050.00
  • Gross Income: $191,400
  • Gross Rent Multiplier: $12.30
  • Total Annual Expense: 74657
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1988
  • Lot Size Square Feet: 22101
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 24
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Washer, Dryer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-04-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,025.00
  • Unit Actual Rent: $6,150.00
  • Unit Projected Rent: $7,650.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,710.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $262,694.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $525,402.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $788,096.00

Property History for 17825 Clark Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 17825 Clark Avenue

Taxable ValueLand$535,910Additions$268,967Total$804,877
Tax Record2024$10,801 ($900 / month)
Home Facts
Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtLot Size8,659 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningBFR3CountyLOS ANGELESAPN7162-006-030

Schools near 17825 Clark Avenue

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 - 7 to 12
Rating
School
Distance
Craig Williams Elementary School
PublicK to 6

Mayfair High School
Public7 to 12

Bellflower Alternative Education Center
PublicK to 12

Somerset Continuation High School
Public7 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.

Similar Homes

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17825 Clark Avenue is a multi-family home for sale in Bellflower, CA 90706. This property was listed for sale on June 4, 2024 by CBRE, it's currently listed at $2,350,000. It has been on the market for a total of 191 days and was last sold on April 10, 2002. This listing's school district is Bellflower Unified School District. Nearby schools include Craig Williams Elementary School, Mayfair High School and Bellflower Alternative Education Center. 17825 Clark Avenue is a 11-bed, 8-bath, 10,041 sqft multi-family home built in 1949.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Jenny Eng, DRE #01931224

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.