9116 Palm Street Bellflower, CA $ 4,198,000
9116 Palm Street
$ 4,198,000
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9116 Palm Street

Bellflower, CA, 90706
$ 4,198,000
Bedrooms24 Baths2.1 Sq 12,704

Monthly Estimate*

$ 27,901

Listed by KW Spectrum Properties
9116 Palm Street, Bellflower, CA 90706 - Image 1
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Multi-Family Home for sale in Bellflower, CA

for $4,198,000 with 24 bedrooms and 2 full baths, 1 half bath. This 12,704 square foot home was built in 1963 on a lot size of 0.4493.

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 patio, 5 units have balcony/deck, and 3 units have 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. $27,750 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.

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Multi-Family Active

Price

$ 4,198,000

Bedrooms

24

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.4493

Year Built

1963

Town/City

Bellflower

County/Region

Los Angeles

MLS | Web ID

OC24059675

Days on Market

66

Features
General
Interior Features TileCounters Unfurnished BedroomonMainLevel MainLevelPrimary
Sewer PublicSewer
Heating NaturalGas WallFurnace
Cooling WallWindowUnits
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Appliances Disposal GasRange GasWaterHeater HotWaterCirculator RangeHood WaterHeater Dryer Washer
Exterior Features RainGutters
Zoning BFR3*
HOA 0.0
Garage Spaces 0.0
Pool Features None
Security Features CarbonMonoxideDetectors SecurityGate SmokeDetectors
Year Built 1963
Electric Standard
Tenant Pays Electricity Gas
View Neighborhood
Stories 2
Levels Two
Property SubType Apartment
Gross Income 333200.0
Community Features StormDrains StreetLights Sidewalks
County Los Angeles
Net Operating Income 297000.0
Operating Expense 36200.0
Insurance Expense 7500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Seller's will be doing a 1031 Exchange.
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Heading 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. T
City Bellflower
Entry Location Front
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 25.0
Total Units 16
MLS Area RF - Bellflower South of 91 Frwy
Lot Size Square Feet 19571.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 16
Street Name Palm
Listing Terms Cash CashtoNewLoan Item1031Exchange
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 1350.0
Home Warranty Y/N N
Fuel Expense 6000.0
Property Condition Turnkey
Trash Expense 4000.0
Water Sewer Expense 7100.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Total Actual Rent 22269.0
Property Sub Type Additional Apartment
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Interior
Flooring Carpet Tile
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds Screens
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea WasherHookup GasDryerHookup LaundryRoom Stacked
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing Block Wood WroughtIron
Parking Features Assigned Concrete Gated OneSpace Uncovered
Lot Features RectangularLot
Water Source Public
Total Parking 25.0
Lot Size Area 19571.0
Number of Buildings 1
Spa N
Building Area Total 12704.0
Lot Size Acres 0.4493
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 16
Number of Separate Electric Meters 16
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 9116
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* Excluded Features
List By
Kw Spectrum Properties

Broker

(949) 295-7285

Phone

Affordability Calculator

$27,901
Per Month
100%
0%
0%
Monthly Principal & Interest
$27,901
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2024$4,198,000 Listed Price

Map


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9116 Palm Street, Bellflower, CA, 90706 is a Multi-Family Home for sale at $4,198,000 with 12,704 sqft and a lot size of 0.4493. 9116 Palm Street has 24 bedrooms, 2.1 baths, and was built in 1963. The property's zip code is 90706 which is in Bellflower, CA