Park St Bellfower Dec 2024

9816 Park Street,
Bellflower, CA 90706

 

$2,200,000
Offering Price
12.48
GRM
$244,444
Price Per Unit
9
Number of Units
5.77%
Cap Rate
6,466
Building SF
$2,200,000
Offering Price
12.48
GRM
$244,444
Price Per Unit
9
Number of Units
5.77%
Cap Rate
6,466
Building SF

Bellflower, CA: A Strategic Choice for Elevating Real Estate Portfolios

  • Bellflower, California, emerges as a pivotal market for investors looking to expand and enrich their real estate portfolios. In 2023, Bellflower's real estate market dynamics highlight a prevailing high demand against the available inventory. Such a market condition is particularly favorable for investors, as it suggests a robust interest in housing, potentially leading to higher occupancy rates and enhanced rental yields. The sustained demand is crucial for investors as it contributes to increasing the average unit price within the city, thereby boosting the overall value of investment portfolios. Investing in Bellflower not only offers immediate benefits due to current market conditions but also promises long-term growth and capital appreciation. With rising property values and a competitive market landscape, Bellflower stands as an excellent location for investors aiming to diversify their holdings with multi-unit properties and achieve substantial portfolio growth.
  • Key Takeaways -The roof was replaced in 2007. -Full Copper repipe in 2011 (50-year warranty) -New 100-gallon water heater in 2022. -Other repairs and replacements are made as needed. (Sink, Toilet, Shower/tub, Carpet/flooring) -Bellflower, CA, offers affordable real estate investment opportunities. -Multifamily properties can provide rental income and lower vacancy risk. The housing market in Bellflower has a wide range of property types and prices. Bellflower is a thriving city with diverse career opportunities. The city is located in Los Angeles County, California. Homes in Bellflower feature various bedroom and bathroom configurations. The city offers a blend of affordability, community, and career prospects.

Bellflower, California: A Vibrant Suburb for Living and Investing

  • Bellflower, a city located in Los Angeles County, offers an appealing combination of suburban charm and urban convenience. Its strategic location, situated just a few miles away from downtown Los Angeles, makes it the perfect choice for individuals who work in the city but prefer a quieter place to live. Moreover, Bellflower boasts a diverse economic landscape, which provides a strong foundation for real estate investments. Bellflower has taken significant steps to bridge the digital divide by introducing initiatives such as Bellflower Connect. This program offers free outdoor wireless broadband, greatly enhancing the city's attractiveness for residents and businesses alike. The downtown area of Bellflower serves as the city's vibrant hub, bustling with a variety of shops, restaurants, and entertainment options. With a focus on community, this city is set for growth, making it a compelling choice for potential residents and investors interested in opportunities within the broader Los Angeles metropolitan area.

  • Convenient Location: The property is situated on Park Street in the city of Bellflower, CA, a highly accessible and desirable location in Los Angeles County. Economic Growth and Development: Bellflower has experienced significant economic growth and development in recent years. The city has implemented revitalization projects and attracted new businesses, contributing to a thriving commercial environment. This bodes well for potential investors and tenants in the area.
  • Proximity to Major Highways: The property is just a short distance away from major highways, such as the 91 Freeway and the 605 Freeway, providing excellent connectivity to other parts of the county. This makes it convenient for tenants and customers to access the property. Nearby Amenities: The area surrounding the property offers a variety of amenities and services. There are several shopping centers in close proximity, including the Bellflower Plaza and the Bellflower Towne Center, which feature a range of retail stores, restaurants, and entertainment options.
FOR MORE DETAILS CONTACT
Martin Chase
Circle Real Estate
(562) 888-0488
info@preSolutionsNow.com
02012061/ 02012062