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Key Details
Sold Price $1,765,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,834 sqft
Price per Sqft $302
MLS Listing ID 23255865
Sold Date 05/10/24
Bedrooms 10
HOA Y/N No
Year Built 1955
Lot Size 0.331 Acres
Acres 0.3306
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 Rj - Bellflower N Of Alondra, W Of Bellflower
Zoning BFR3YY
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Total Parking Spaces 9
Building
Story 1
Entry Level One
Sewer Other
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6277011023
Special Listing Condition Standard
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Bought with Ryan Pratt • Skyline Commercial Real Estate
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