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$2,350,000
Est. payment /mo
11 Beds
8 Baths
10,041 SqFt
UPDATED:
12/05/2024 02:01 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,041 sqft
Price per Sqft $234
MLS Listing ID 24400109
Bedrooms 11
HOA Y/N No
Year Built 1949
Lot Size 0.507 Acres
Property Description
17819-17831 Clark Ave is a mixed-use property nestled within the vibrant heart of the City of Bellflower, California. Located just south of the 91 freeway, east of Lakewood blvd., and west of Bellflower Blvd., the property offers an investor the opportunity to own a steady piece of real estate in a city within Los Angeles County with a suburban feel and diverse community. The offering is an existing mixed-used multifamily/retail property that is consists of a total 10,041 SF of across 11 buildings on a 22,101 SF lot. The easily-maintained property was constructed in 1949 and 1954 and is comprised of 8 standalone bungalow-style multifamily structures, 4 retail units and a separate laundry facility. The multifamily structures consists of 6 studios/one-bath units and 1 two-bedroom/one bath unit, and 1 three-bedroom/one bath unit. All residential buildings have been upgraded with new roofing, dual-paned windows, and electrical panels. The units are equipped with laminate and tile flooring, a stove, refrigerator, and in-unit heating. Each residential building has a private backyard space and adjacent surface parking spaces. Bellflower is centrally positioned among major freeways, which includes the I-605 and I-91, this investment opportunity provides access to local retail, major business areas, and surrounding amenities. Surrounding neighborhoods include Paramount, Bixby Knolls, Lakewood, Artesia, and Norwalk. Beyond the convenience of major freeways, Bellflower offers an excellent public transportation network. This comprehensive coverage enables individuals to move in and out of the city with relative ease, fostering a sense of connectivity and making Bellflower an ideal location for those who value both local and regional accessibility. Bellflower boasts a mixture of incredible amenities, historical attractions, and delightful local dining options. Standout features include the Los Angeles County Fire Department, Hollywood Sports Paintball & Airsoft Stadium, the Flux Bar, and historical attractions from Bellflower's time as a Dutch Enclave for more than 100 years. Given the property's stable real estate fundamentals, which include its location, 17819-17831 Clark Ave is an excellent investment choice for an investor seeking growth, stability, and a hedge against inflation.
Location
State CA
County Los Angeles
Area Rf - Bellflower South Of 91 Frwy
Zoning BFR3
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Assigned
Total Parking Spaces 24
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7162006030
Special Listing Condition Standard
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Listed by Jenny Eng • CBRE