9816 Park Street

Bellflower, CA 90706

$2,315,000
Price
13
Beds
10
Baths
6,466 Sq. Ft.
$358 / Sq. Ft.
6,466
Sq. Ft.
$358
per Sq. Ft.

Description

Discover this exceptional investment opportunity in Bellflower! This well-maintained 9-unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100-gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey...Discover this exceptional investment opportunity in Bellflower! This well-maintained 9-unit apartment complex, built in 1972, offers a mix of 1 and 2 bedroom units. With 6,466 sq ft of living space on a 10,083 sq ft lot, this property boasts a strong current NOI of $123,482 with potential for increased returns. Recent upgrades include a new roof (2007), full copper repipe (2011), and a new 100-gallon water heater (2022). Conveniently located near major highways and shopping centers, this turnkey property features on-site laundry and 11 parking spaces. With a 100% occupancy rate and a favorable cap rate of 5.33%, this is an ideal addition to any investment portfolio.
  1. Listed by Martin Marquez • DRE #02012061 • Brokerage DRE #01878277 • eXp Realty of California Inc. • 562-888-0488

Property Details for 9816 Park Street

Parking Spaces Total
5
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
LISTING UPDATED: 12/14/2024 03:58 AM

Property Details for 9816 Park Street

StatusActive
MLS #DW24247519
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
CountyLos Angeles County

Building Information for 9816 Park Street

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

Property Information for 9816 Park Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV
Income / Expense / Tax Details
Income Details
  • Gross Income: $176,238
  • Gross Scheduled Income: $176,238
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $176,238
  • Net Operating Income: $123,482
  • Laundry Income: $1,800
  • Gross Multiplier: 13.14
  • Cap Rate: 5.33
Expense Details
  • Operating Expense: $52,756
  • Operating Expense Percent: 29.93%
  • New Taxes Expense: $18,326
  • Fuel Expense: $2,781
  • Electric Expense: $441
  • Insurance Expense: $2,411
  • Maintenance Expense: $11,826
  • Professional Management Expense: $9,200
  • Trash Expense: $5,765
  • Water Sewer Expense: $2,006
  • Total Expenses: $52,756
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 5544.05
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 416
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: 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: $1,235
  • Unit Type Total Rent: $0
  • 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: $1,600
  • Unit Type Total Rent: $0
  • 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: $1,550
  • Unit Type Total Rent: $0
  • 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: $1,850
  • Unit Type Total Rent: $0
  • 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: $1,750
  • Unit Type Total Rent: $0
  • 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: $1,350
  • Unit Type Total Rent: $0
  • 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: $1,550
  • Unit Type Total Rent: $0
  • 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: $1,650
  • Unit Type Total Rent: $0
  • 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: $1,550
  • Unit Type Total Rent: $0
  • 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: 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$315,621Additions$1,137,305Total$1,452,926
Tax Record2024$19,056 ($1,588 / 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 December 11, 2024 by eXp Realty of California Inc., it's currently listed at $2,315,000. It has been on the market for a total of 6 days and was last sold on January 7, 2009. 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. 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 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.