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9523 Cedar Street

Bellflower, CA 90706
  • $2,499,000
  • STATUS: Active Under Contract
  • ON SITE: 3 Days
  • ID#: TR21221470
Under Contract
UPDATED: 16 min ago
$2,499,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1976
County:

School Ratings & Info

Description

Owning rental real estate can be a smart way to diversity your investment portfolio and generate a steady income. A multi-family property can multiply your income with only incremental added cost. Multi-family rentals are typically easier to finance, compound returns more quickly, tend to benefit from economies of scale. THESE 6 INDIVIDUALLY SEPARATED UNITS ARE THE BEST ONE FOR THE ABOVE CONDITION!!!All units have it's own privacy like single family units.Most units were remodeled inside including kitchen, some bathrooms, flooring except one unit which had newer flooring.The biggest unit was remodeled completely 3 years ago and has 3 bedrooms and 3 bathrooms with two car attached garage directly accessing into the house and has it's own back yard.All other 5 units have it's own attached one car garage and parking spaces separately and have wash and dryer hook ups in the garage.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122291835
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9523 Cedar Street Bellflower, CA 90706

  • Price: $2,499,000
  • Status: Active Under Contract
  • Updated: 16 min ago
  • ID#: TR21221470
0
Beds
0
Baths
0
½ Baths
0.45
Acres
1976
Built
Neighborhood:
RF - Bellflower South of 91 Frwy
County:
Los Angeles
Area:
RF - Bellflower South of 91 Frwy
Property Description
Owning rental real estate can be a smart way to diversity your investment portfolio and generate a steady income. A multi-family property can multiply your income with only incremental added cost. Multi-family rentals are typically easier to finance, compound returns more quickly, tend to benefit from economies of scale. THESE 6 INDIVIDUALLY SEPARATED UNITS ARE THE BEST ONE FOR THE ABOVE CONDITION!!!All units have it's own privacy like single family units.Most units were remodeled inside including kitchen, some bathrooms, flooring except one unit which had newer flooring.The biggest unit was remodeled completely 3 years ago and has 3 bedrooms and 3 bathrooms with two car attached garage directly accessing into the house and has it's own back yard.All other 5 units have it's own attached one car garage and parking spaces separately and have wash and dryer hook ups in the garage.
Exterior Features

Foundation Details Slab Lot Features GardenLawnSprinkler System Number Of Separate Electric Meters 6 Open Parking Spaces 6 Parking Total 13 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Appliances DishwasherGas RangeGas Water HeaterWater Heater Common Walls 2+ Common Walls Cooling Central AirElectric Cooling YN Yes Fireplace Features None Fireplace YN No Heating CentralForced AirNatural Gas Heating YN Yes Interior Features All Bedrooms Down Window Features BlindsScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5 Common Interest Community Apartment Community Features Street LightsSidewalks Contingency Buyer To Cooperate Seller's 1031 Exchange. Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 153600 Gross Scheduled Income 153600 Insurance Expense 2252 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn Garage Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 124756 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 28844 Other Expense 15216 Pest Control Expense 0 Possession Close Of Escrow Property Condition Updated/Remodeled Property Sub Type Apartment Rent Control YN No Security Features Smoke Detector(S) Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 12800 Trash Expense 2460 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 4020 Water Source Public

Listing provided courtesy of Steve Kang of Masters Realty Eastern Group


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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