
Closed Listing
7 Townhouse-Style Units in Bellflower @ 15.50 GRM
9203 park st
sold in
Bellflower
Sold At
$
2,503,000
7
Number of Units
1987
Year Built
8,158
SF
Square Footage
19,535
SF
Lot Size
R2
Zoning
9203 Park St, Bellflower, CA 90706
About the Property
9203 Park St is 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 a 19,535 SF lot, 9203 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 and a two-car garage with a side-by-side washer and dryer. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify). The property presents approx. 37% rental upside compared to renovated townhomes in the area, and is offered at $329 per foot, which at the list price it stabilizes at a 5.79% CAP rate and 12.09 GRM.
7
Number of Units
1987
Year Built
8,158
SF
Square Footage
19,535
SF
Lot Size
R2
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$357,571
Price p/ Sq. ft.
$307
Proforma Cap Rate
6.28%




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Sales agent
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