
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 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.
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
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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