9816 Park St
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9816 Park St
9 Unit Apartment Building $3,348,647 CAD ($372,072 CAD/Unit) 5.33% Cap Rate Bellflower, CA 90706
INVESTMENT HIGHLIGHTS
- Desirable Mix of Units: Includes 4 two-bedroom and 5 one-bedroom apartments, catering to a broad tenant demographic.
- Community Amenities: A landlord-owned community washer and dryer adds to the convenience, making daily living easier for tenants.
- 100 Occupied, With monthly income of $13,215 an additional $4,000 a month in upside w market rents
- Secure and Ample Parking: Features 14 secured parking spaces behind a security gate, ensuring convenience and safety for all residents.
- Prime Location: Situated in the heart of downtown Bellflower, close proximity to major freeways.
- Roof Was replaced in 2007, Full Copper repipe 2011(50yr warranty), New 100 Gallon Water Tank in 2022
EXECUTIVE SUMMARY
Nestled in the vibrant and sought-after downtown area of Bellflower, this 9-unit multifamily property represents a rare and exciting
investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout. Location Location Location!
investment opportunity. Offering a mix of 4 two-bedroom units and 5 one-bedroom units, including a unique 2-story, 1.5-bath layout. Location Location Location!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$300,571
|
$46.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$300,571
|
$46.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$93,652
|
$14.48
|
| Net Operating Income |
$206,919
|
$32.00
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $300,571 |
| Annual Per SF | $46.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $300,571 |
| Annual Per SF | $46.48 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $93,652 |
| Annual Per SF | $14.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $206,919 |
| Annual Per SF | $32.00 |
PROPERTY FACTS
| Price | $3,348,647 CAD | Apartment Style | Low Rise |
| Price Per Unit | $372,072 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.33% | Building Size | 6,466 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.14 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 2.17/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,348,647 CAD |
| Price Per Unit | $372,072 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.14 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,466 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.17/1,000 SF |
SITE AMENITIES
- Laundry Facilities
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 7109-026-018 | Improvements Assessment | $1,617,345 CAD |
| Land Assessment | $449,255 CAD | Total Assessment | $2,066,600 CAD |
PROPERTY TAXES
Parcel Number
7109-026-018
Land Assessment
$449,255 CAD
Improvements Assessment
$1,617,345 CAD
Total Assessment
$2,066,600 CAD
ZONING
| Zoning Code | R3 |
| R3 |
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9816 Park St
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