$2,600,000
$3,150,000
17.5%For more information regarding the value of a property, please contact us for a free consultation.
16137 Eucalyptus AVE Bellflower, CA 90706
0.94 Acres Lot
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW14030235
Sold Date 06/01/15
Construction Status Repairs Cosmetic,Termite Clearance
HOA Y/N No
Year Built 1962
Tax Year 2012
Lot Size 0.937 Acres
Property Description
Custom-built, 20 unit apartment complex in the heart of Bellflower, close to downtown, schools, shopping and transportation. This is an excellent location with high demand for larger apartments. The property consists of (12) 3 bedroom units, and (8) 1 bedroom units, all with one bathroom. Built in 1962, this is truly a unique building with tremendous upside potential on both rental income and appreciation. The units are large, each having an open floorplan, with all bedrooms upstairs and a private outdoor patio. There is additional space to create a second parking slot for each of the 1 bedroom units, and an amazing storage room that could be separated into 15-20 individual storage lockers for the tenants; thus, providing "on-site" storage for an additional fee. The building has very long-term tenants and rents are below current market values.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Interior
Interior Features High Ceilings, Open Floorplan, Two Story Ceilings, All Bedrooms Up, Loft
Heating Wall Furnace
Flooring Carpet
Fireplace No
Laundry See Remarks
Exterior
Parking Features Assigned, Carport
Fence Average Condition, Block, Wood
Pool None
Community Features Street Lights, Sidewalks
Roof Type Flat
Total Parking Spaces 32
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Custom
Level or Stories Two
Construction Status Repairs Cosmetic,Termite Clearance
Others
Tax ID 7109002002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan,Seller Financing
Special Listing Condition Standard
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Bought with Carlos Vigon • CBRE, Inc.