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Bellflower Mixed Use 9440 Flower Street, Bellflower, CA 90706
Garden/Low Rise
Property Description
This mixed use property is a tremendous opportunity for an owner/user and/or investment near downtown Bellflower. The retail portion receives high visibility due to the high downtown traffic count on Flower Street. Investors will like the low cost per foot price of $105. All four residential units are 2 bedroom, 1 bath and the new owner may benefit from the rental upside. The property features 8 open parking spaces on the 8,172 SQFT lot.
Area Description
The property is located less than 1/2 mile north of the 91 freeway & 1/2 mile west of Bellflower Blvd.
Highlights
Excellent Bellflower Location neat Downtown
Highly Visible; High Traffic Location
Mixed Use Property; 2 Storefronts & 4 Residential Units in Rear
$105 Per Square Foot
$90,000 Per Unit
Rental Upside
8 Total Parking Spaces
Over 8,000 SQFT Lot
Separate Gas & Electric Meters
Full Address: 9440 Flower Street, Bellflower, CA 90706
Listing Type: FOR SALE
Status: Sold
Building Class: B
Zoning: BFCG
Region: W-WP
County: Los Angeles County
Closest Cross Streets: Bellflower Blvd. & 91 Freeway
Use Type: Any Use
Property ID: 126721
Has Water: Yes
Has Electric: Yes
Gas: Yes
Water: Yes
Has Gas: Yes
Building Sf: 5125
Parcel Num: 7110-013-008
Number Units: 6
Number Buildings: 2
Year Built: 1956
Free Standing: Yes
Commission Comments: 3% to Selling Agent
Cap Rate: 7.01
Excellent Bellflower Location neat Downtown
Highly Visible; High Traffic Location
Mixed Use Property; 2 Storefronts & 4 Residential Units in Rear
$105 Per Square Foot
$90,000 Per Unit
Rental Upside
8 Total Parking Spaces
Over 8,000 SQFT Lot
Separate Gas & Electric Meters
Average Monthly Rent - Bible Shop: 875
Average Monthly Rent - Print Shop: 750
Average Monthly Rent - 2 bed, 1 bath: 925
Average Monthly Rent - 2 bed, 1 bath: 900
Average Monthly Rent - 2 bed, 1 bath: 900
Average Monthly Rent - 2 bed, 1 bath: 800
Cash Flow Type: Actual
Cf Op Expenses: 20880
Cf Effective Gross: 58710
Cf Year: 2011
Cf Sched Income: 61800
Cf Net Op Income: 37830
Cf Vacancy: 5