A modern two-story townhouse at 9137 park st, with a green lawn and blue sky in the background.

Closed Listing

7 Value-Add Townhouse-Style Units in Bellflower

9137 park st

sold in

Bellflower

7

Number of Units

1977

Year Built

10,282

SF

Square Footage

18,842 SF

SF

Lot Size

BFR2PD

Zoning

9137 Park St, Bellflower, CA 90706

About the Property

Kenny Stevens Team and Granston Group are pleased to present 9137 Park St, a sprawling townhouse complex located 1 mile west of Downtown Bellflower that features seven value-add townhouse-style units not subject to local rent control. These townhomes fall under State of California rent control, which allows for an annual rent increase of 5% + CPI (currently 8.8%). Residing on an 18,842 SF lot, 9137 Park features an attractive unit mix comprising of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. townhouse-style units. Each unit features a back patio, a one-car garage with a side-by-side washer and dryer, and an uncovered parking space. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify). The property presents approx. 27% rental upside compared to renovated townhomes in the area, and is offered at $296 per foot, which at the list price it stabilizes at a 5.97% CAP rate and 11.49 GRM.

7

Number of Units

1977

Year Built

10,282

SF

Square Footage

18,842 SF

SF

Lot Size

BFR2PD

Zoning

Price P/ Unit

$364,286

Price p/ Sq. ft.

$296

Proforma Cap Rate

6.07%

Contact

Sales agent

A modern townhouse apartment at 9137 park st, with a spacious driveway under a clear blue sky.
A modern townhouse apartment at 9137 park st, with a spacious driveway under a clear blue sky.
A modern townhouse apartment at 9137 park st, with a spacious driveway under a clear blue sky.
A modern townhouse apartment at 9137 park st, with a spacious driveway under a clear blue sky.
A two-story townhouse at 9137 park st, with a garage, surrounded by a clear blue sky and green grass.
A two-story townhouse at 9137 park st, with a garage, surrounded by a clear blue sky and green grass.
A two-story townhouse at 9137 park st, with a garage, surrounded by a clear blue sky and green grass.
A two-story townhouse at 9137 park st, with a garage, surrounded by a clear blue sky and green grass.
Aerial view of a row of townhomes at 9137 park st, with several homes and clear blue sky in the background.
Aerial view of a row of townhomes at 9137 park st, with several homes and clear blue sky in the background.
Aerial view of a row of townhomes at 9137 park st, with several homes and clear blue sky in the background.
Aerial view of a row of townhomes at 9137 park st, with several homes and clear blue sky in the background.
A modern living room at 9137 park st, with a light color scheme, featuring a sofa, coffee table, TV console, and decorative plants.
A modern living room at 9137 park st, with a light color scheme, featuring a sofa, coffee table, TV console, and decorative plants.
A modern living room at 9137 park st, with a light color scheme, featuring a sofa, coffee table, TV console, and decorative plants.
A modern living room at 9137 park st, with a light color scheme, featuring a sofa, coffee table, TV console, and decorative plants.

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.