- $3,850,000
Description
We are pleased to present the Brownstone Apartments, offered for sale for the first time in over 30 years and located in a strong Bellflower submarket. This well-maintained property features an ideal unit mix of one- and two-bedroom units, along with a permitted studio ADU. The all-electric property has undergone significant capital improvements, including a new roof, new electrical subpanels, new dual-pane windows, new asphalt, updated walkways and balconies, and completed SB 721 compliance. With a cap rate exceeding 7.5% on market rents and over 25% upside in rental income, the Brownstone Apartments offer investors the opportunity to acquire a clean, well-maintained asset with substantial rental upside.
Details
Additional details
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Listing Terms: Conventional
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Sewer: Public Sewer
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County: Los Angeles
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Property Type: Residential Income
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Pool: None
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Community Features: Sidewalks
Address
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Address: 9559 Flower Street
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State/county: CA
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Zip/Postal Code: 90706
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Country: US
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