9550 Pacific Ave, Bellflower, CA 90706

9550 Pacific Ave, Bellflower, CA 90706

Bellflower, CA

Property Description

9550 Pacific Avenue is a 5-Unit building that is situated on a 7,097 square foot lot located in the city Bellflower, CA. The subject property is composed of (5) 1 bedroom and 1 bath units built in 1954. Each unit is approximately 592 square feet. There are four single car garages & five additional spaces in the driveway. Three of the garages are used by the tenant with one used as storage for the current owner. The roof has been replaced in February of 2001. All windows have been replaced in March of 2000. The garage doors have been replaced with new sectional doors in December of 2008.Gas & electric are individually metered. Tenants pay their own utilities except water and trash. Owner pays electricity for unit #1 and pays gas for unit #2 due to laundry room. The property is also located near the Bellflower Station which will be used for the new Metro Rail (West Santa Ana Branch Transit). Completed in 2028.

Property Features

  • Sale Price: $950,000
  • Area Size: 2,960 SF
  • Year Built: 1954
  • Listing Date: 8/10/2021
  • Units: 5
  • Current GRM: 19.84
  • Current Cap Rate: 2.92%
  • Market GRM: 11.41
  • Market Cap Rate: 6.53%

Lyon Stahl Investment Real Estate

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