Bellflower, CA 90706,16137 Cornuta AVE

$2,400,000

Est. payment /mo

$2,400,000

Est.Price: ?

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16137 Cornuta AVE Bellflower, CA 90706

0.46 Acres Lot

SOLD DATE : 01/25/2016

Key Details

Sold Price $2,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW15223372

Sold Date 01/25/16

HOA Y/N No

Year Built 1964

Lot Size 0.464 Acres

Property Description

Located in an excellent rental area of Bellflower - this property offers a buyer the opportunity to purchase a property with an excellent unit mix from a long-term owner. The subject property offers securitized access to garage and carport parking. There are on-site laundry facilities and a BBQ area for tenants to enjoy. Units have private balconies and air conditioning. With rents well below market levels, a new owner can easily bring rents up and increase their return with prudent management and renovation. The property is 100% occupied and operates extremely well for the current owner, giving an investor a high amount of security while still offering a large amount of upside on proforma income.

Location

State CA

County Los Angeles

Area Rg - Bellflower North Of 91 Frwy, S Of Alondra

Interior

Fireplace No

Exterior

Garage Spaces 10.0

Carport Spaces 10

Garage Description 10.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Sewer Available

Total Parking Spaces 40

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Tax ID 7109004026

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Doug Rodermund • Morgan Skenderian
Bought with General NONMEMBER • CRMLS

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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