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GOLDEN FEATHER INVESTMENTS, INC
9434 Flower St, Bellflower, CA 90706
- $1,575,000
- List Price
- $1,575,000
- Status
- ACTIVE
- MLS#
- PW26223483
- Year Built
- 1963
- Lot Size
- 8,022
- Acres
- 0.18
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Excellent investment opportunity in the rapidly developing city of Bellflower! This well-maintained mixed-use property at 9434 Flower Street features four large 2bed/1bath residential apartments and three commercial spaces, offering a diversified income stream with attractive upside potential. Currently grossing $129,000 annually in rental income and operating at a 6.34% cap rate, the property offers the potential to achieve a 7.26% cap rate with further upgrades and rental adjustments. Several of the residential units have undergone renovations, minimizing immediate maintenance needs, while the commercial spaces provide additional income stability. Ideal for both investors and owner-users, the property offers the flexibility to occupy one of the residential units while generating income from the remaining apartments and commercial spaces, subject to tenant occupancy and applicable requirements. With strong in-place returns, multiple income sources, and an opportunity to further increase NOI without extensive capital improvements, this is an attractive opportunity for investors seeking immediate cash flow, long-term appreciation, or a place to call home while building equity.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $129,000
- Operating Expense
- 29116
Listing courtesy of Listing Agent: Casey McKinley (casey.mckinley@compass.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.