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9453 Artesia BLD Bellflower, CA 90706
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Key Details
Sold Price $655,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRRS17162479
Sold Date 09/27/17
Bedrooms 1
Full Baths 1
Half Baths 1
Originating Board California Regional MLS
Year Built 1965
Lot Size 0.375 Acres
Property Description
Unique Investment Property. 4.9% CAP Rate based on Current Income, Current Expenses, and anticipated New Taxes 7.5% CAP Rate based on Market Rent, Expenses, and new Taxes. House, Office, Studio, Storage, and Trailer Park. Development Opportunity. Zoned Commercial. Grandfathered for Multi-Tenant and Trailer Park. Priced well below recent Land Comps, for the area. Additional Parcels neighboring the site. Great Income property while planning for new development, or GReat Investment with a little TLC and increasing rents to market. 8 units with income in total: - 1 - House - 1 - Studio - 6 - Trailer Spaces - Storage Space - minimal rent - Small Office - no rent currently DRIVE BY ONLY!! DO NOT DISTURB TENANTS OR WALK PROPERTY!!
Location
State CA
County Los Angeles
Area Rf - Bellflower South Of 91 Frwy
Interior
Heating Electric
Cooling Central Forced Air - Electric
Laundry Community Facility
Exterior
Parking Features Uncovered Parking
Garage Spaces 2.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Special Listing Condition Not Applicable
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Bought with Randall Wind