Properties
Bellflower, CA 90706 9116 Palm Street
$3,895,000
33 more
Presented By: Kevin Liang with Keller Williams OC Luxury Realty; 949-295-7285
Baths • 1
SQFT • 12,704
Home Details
A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have a patio, 5 units have a balcony/deck, and 3 units have a backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $30,000 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.
Presented By: Kevin Liang with Keller Williams OC Luxury Realty; 949-295-7285
Interior Features for 9116 Palm Street
Other Interior Features
Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesTile Counters, Unfurnished, Bedroom on Main Level, Main Level Primary
Laundry FeaturesCommon Area, Washer Hookup, Gas Dryer Hookup, Laundry Room, Stacked
Total Stories2
Window FeaturesBlinds, Screens
Other Rooms
Entry Level1
General for 9116 Palm Street
Additional Parcels Y/NNo
AppliancesDisposal, Gas Range, Gas Water Heater, Hot Water Circulator, Range Hood, Water Heater, Dryer, Washer
Building Area UnitsSquare Feet
CityBellflower
Community FeaturesStorm Drain(s), Street Lights, Sidewalks
ContingencySeller's will be doing a 1031 Exchange.
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsHeading W on 91 Freeway, Exit Clark Ave. and turn Left, Turn Right onto Palm St. Heading E on 91 Freeway, Exit Lakewood Blvd., and turn Right, Turn Left onto Artesia Blvd., Turn Right onto Virginia Ave., Turn Right onto Palm St.
ElectricStandard
Electric Expense1400
Entry LocationFront
Fuel Expense4600
Garage Spaces
Garage Y/NNo
Gross Income320000
HOANo
HOA Fee$
HeatingNatural Gas, Wall Furnace
Insurance Expense7500
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet19571
Lot Size UnitsSquare Feet
MLS AreaRF - Bellflower South of 91 Frwy
Net Operating Income320000
New ConstructionNo
Number Of Units Total16
Number of Units Leased16
Open Parking Spaces25
Operating Expense40000
Pool FeaturesNone
PostalCityBELLFLOWER
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Security FeaturesCarbon Monoxide Detector(s), Security Gate, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot15
Tenant PaysElectricity, Gas
Total Actual Rent22269
Trash Expense5100
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNeighborhood
Water Sewer Expense7000
Year Built1963
Year Built SourceAssessor
ZoningBFR3*
Exterior for 9116 Palm Street
Building Area Total12704
Exterior AmenitiesRain Gutters
FencingBlock, Wood, Wrought Iron
Lot FeaturesRectangular Lot
Lot Size Acres0.4493
Lot Size Area19571
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters0
Parking FeaturesAssigned, Concrete, Gated, One Space, Uncovered
Private PoolNo
SpaNo
Total Parking25
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
