$1,765,000
$1,900,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
9533 Somerset Blvd Bellflower, CA 90706
10 Beds
10 Baths
5,834 SqFt
Key Details
Sold Price $1,765,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,834 sqft
Price per Sqft $302
MLS Listing ID 23-255865
Sold Date 05/10/24
Bedrooms 10
Year Built 1955
Lot Size 0.331 Acres
Acres 0.1653
Property Description
We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 40% upside in rents and nearly a 7.5% cap rate on market rents.
Location
State CA
County Los Angeles
Area Bellflower N Of Alondra, W Of Bellflower
Zoning BFR3YY
Rooms
Other Rooms Other
Interior
Heating Wall
Cooling Wall/Window
Equipment None
Exterior
Garage Covered Parking
Garage Spaces 9.0
Building
Lot Description 2-4 Lots
Story 1
Sewer In Street
Water Water District
Level or Stories One
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Skyline Commercial Real Estate