$1,545,000

The Bellflower Blvd 4-plex presents a rare owner user or investor opportunity to acquire a renovated 4-plex in Bellflower with stable tenants while still having realistic rental upside. The structure was built in 1971, measures 4,130 square feet and sits atop a 5,025 square foot lot. The subject property boasts a desirable unit mix of (1) 3 bedroom 2 bath, (2) 2 bedroom 1 bath, and (1) 1 bedroom 1 bath apartments. All apartments have been renovated in the past few years with updates including new windows, white shaker cabinets, quartz countertops (kitchens and bathrooms), plank vinyl flooring, and new appliances. Tenants enjoy separately metered utilities, an onsite laundry room and assigned carport and open parking spaces. The 4-plex is located in a commuter friendly location with easy access to the 605, 105 and 91 freeways, connecting tenants to major employment hubs throughout the broader Los Angeles and Long Beach metro regions. Cap rate and GRM are based on the year 1 income which includes the allowable rental increases.