A modern two-story townhouse at 9203 park st, with a garage, green lawn, and clear blue sky.

Closed Listing

7 Townhouse-Style Units in Bellflower @ 15.50 GRM

9203 park st

sold in

Bellflower

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 spacious Bellflower multifamily asset comprised of seven townhouse-style units, located just one mile west of the revitalized Downtown Bellflower core. Situated on an expansive 19,535 square foot lot, this value-add opportunity offers immediate curb appeal, functional layouts, and the potential for long-term upside through renovation and rent increases.

The property features an ideal unit mix of (1) 3-bedroom, 2.5-bath detached townhome and (6) 2-bedroom townhouse-style units. All residences offer a desirable combination of private back patios and direct access to an oversized two-car garage equipped with side-by-side laundry hookups, providing a condo-style living experience that appeals to high-income renters seeking space, privacy, and convenience.

Not subject to local rent control, 9203 Park St falls under State of California AB-1482 regulations, allowing for annual rental increases of 5% plus CPI (currently 8.8%). This favorable regulatory environment, combined with approximately 37% rental upside, makes this a compelling play for investors seeking stable, scalable returns in a strong suburban rental market. Based on renovated townhomes in the area, the property is projected to stabilize at a 5.79% CAP rate and 12.09 GRM. The offering price equates to just $329 per square foot.

In addition to income growth through repositioning, the oversized lot and garage layout may allow for the addition of one or more accessory dwelling units (buyer to verify), offering a path to further value creation.

Located in a quiet residential enclave minutes from retail, dining, and entertainment options along Bellflower Blvd and the 91 Freeway, 9203 Park St is ideally positioned to benefit from continued demographic and economic expansion in Southeast Los Angeles. Investors looking for a well-maintained, low-density asset with real upside in a growing submarket will find exceptional value in this Bellflower multifamily opportunity.

7

Number of Units

1987

Year Built

8,158

SF

Square Footage

19,535

SF

Lot Size

R2

Zoning

9203 Park St.
Long Beach

Offering Price

$2,503,000

Number of Units

7 Units

Price per. Unit

$357,571

Bldg. Size

8,158 SF

Price per Foot

$307

Lot Size

19,535 SF

Year Built

1987

Current CAP

3.93%

Market CAP

6.28%

Zoning

R2

Price P/ Unit

$357,571

Price p/ Sq. ft.

$307

Proforma Cap Rate

6.28%

Contact

Sales agent

A modern two-story townhouse at 9203 park st, with green grass and a blue sky in the background.
A modern two-story townhouse at 9203 park st, with green grass and a blue sky in the background.
A modern two-story townhouse at 9203 park st, with green grass and a blue sky in the background.
A modern two-story townhouse at 9203 park st, with green grass and a blue sky in the background.
Two-story beige apartment complex at 9203 park st, with a landscaped front yard and clear blue sky above.
Two-story beige apartment complex at 9203 park st, with a landscaped front yard and clear blue sky above.
Two-story beige apartment complex at 9203 park st, with a landscaped front yard and clear blue sky above.
Two-story beige apartment complex at 9203 park st, with a landscaped front yard and clear blue sky above.
A modern two-story townhouse at 9203 park st, with a driveway, surrounded by greenery and a clear blue sky.
A modern two-story townhouse at 9203 park st, with a driveway, surrounded by greenery and a clear blue sky.
A modern two-story townhouse at 9203 park st, with a driveway, surrounded by greenery and a clear blue sky.
A modern two-story townhouse at 9203 park st, with a driveway, surrounded by greenery and a clear blue sky.
A clean and modern living room at 9203 park st, featuring a gray sofa, a coffee table, a TV, and light-colored walls.
A clean and modern living room at 9203 park st, featuring a gray sofa, a coffee table, a TV, and light-colored walls.
A clean and modern living room at 9203 park st, featuring a gray sofa, a coffee table, a TV, and light-colored walls.
A clean and modern living room at 9203 park st, featuring a gray sofa, a coffee table, a TV, and light-colored walls.

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.