Bellflower, CA 90706,17516 Grand AVE
See all 55 photos
Bellflower, CA 90706,17516 Grand AVE
Bellflower, CA 90706,17516 Grand AVE
Bellflower, CA 90706,17516 Grand AVE
Bellflower, CA 90706,17516 Grand AVE

$3,875,000

Est. payment /mo

$3,850,000

0.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

17516 Grand AVE Bellflower, CA 90706

0.38 Acres Lot

SOLD DATE : 03/10/2023

Key Details

Sold Price $3,875,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW23028299

Sold Date 03/10/23

HOA Y/N No

Year Built 1971

Lot Size 0.383 Acres

Property Description

RARE opportunity to purchase one of Bellflower's beloved apartment complexes and start generating your very own passive income! 16 units with 17 private garages spanning over 2 buildings on a corner lot, one building is 2 stories with 16 units with 4 1-car garages on the first story below 2 of the units and the other 1-story building has 13 1-car garages. Each unit has their own 1-car garage, the 17th garage is used for storing maintenance products and material. There are 5 additional parking space and there is a common laundry area that also generates income. There are 3 studios, 4 1 bed/1 bath units, and 9 2 bed/2 bath units. 13 units are currently leased and the other 3 units (2 2 bed/2 bath and 1 studio) are vacant offering a fantastic opportunity for the new owner to make it their own! The owner pays the water, gas, and maintenance while the tenants pay their own electricity. Not only are these apartments highlight sought after because of their ideal location but there are also 26% upside in monthly renal income at market rent. Centrally located to the 91 and 605 freeways, Valley Christian Schools, Mayfair Middle/High School, Cerritos Mall, and many other sources of entertainment! Nearby parks include Caruthers Park, Flora Vista Park, and Reservoir Hill Park. This property has so much to offer already and has room for improvement to generate even more income is don't wait because this property will not last!

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning BFCG*

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 17.0

Garage Description 17.0

Pool None

Community Features Curbs

Total Parking Spaces 22

Private Pool No

Building

Lot Description Corner Lot

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7163004040

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Financing Cash

Special Listing Condition Trust

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Frank Bertao • Trans United R.E. & Loans
Bought with Brett Bayless • Brett Bayless, Broker

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.