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Jerry Barbanell
SOLD
$2,300,000
Date 12/29/2023

9137 Park Street
Bellflower, CA 90706

Other
Residential Income
15
Beds
11
Baths
8,628
Sq. Ft.
0.4326
Acre Lot
Listing Agent: Kenny Stevens - Compass; kenny@prosserstevens.com
Home> California> Bellflower> 90706
9137 Park is a sprawling townhouse complex located 1 mile west of Downtown Bellflower that features seven value-add townhouse-style units not subject to local rent control. These townhomes fall under State of California rent control, which allows for an annual rent increase of 5% + CPI (currently 8.8%). The property presents approx. 27% rental upside compared to renovated townhomes in the area, and is offered at $296 per foot, which at the list price it stabilizes at a 6.07% CAP rate and 11.49 GRM. Residing on an 18,842 SF lot, 9137 Park features an attractive unit mix comprising of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. townhouse-style units. Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify).
23307811
Residential Income - Other, 2 Story
15
11
1977
Los Angeles
0.4326 Acres
2
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

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Listing Agent: Kenny Stevens - Compass; kenny@prosserstevens.com
Licensed in: DRE# 01090251
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