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11944 Bellflower Boulevard, Downey, CA 90242

$1,800,000

  • For Sale
  • Active
  • Multi-Family
11944 Bellflower Boulevard, Downey, CA 90242View this property at 11944 Bellflower Boulevard, Downey, CA 90242
11944 Bellflower BoulevardDowneyCA90242

Property Description

11944 Bellflower Blvd, a 6-unit apartment property comprised of a single two-story building located in the highly desirable city of Downey, CA. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 2008 and since then, is the first time being offered for sale. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control Buyers can quickly add value and increase income by modernizing the units. With only blocks away from Kaiser Permanente, Downey Landing and Stonewood Shopping Center it is within excellent proximity to many
inevitabilities. Most of the tenants are long-term tenants on month to month agreement, ideal for a value-add investor. All 6 units are 2bed + 1bath mix each with a private fenced yard behind a rod iron fence. The fence gives security to the units as well as helps maintain the abundant landscaping of the property. Each unit possesses its own car garage that contain shelving inside and security lighting outside. Well maintained units equipped with large kitchen, large living area and large bedrooms. DO NOT GO DIRECT.

Full Property Detailsfor 11944 Bellflower Boulevard

General

  • Price: $1,800,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: AR18059359
  • Updated: 3/14/2018
  • Added: 38 day(s) ago

Property History

  • 11944 Bellflower Boulevard, Downey, CA
  • Listed at $1,800,000 on 3/14/18

Rooms

Other Rooms

  • Laundry: See Remarks

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 6

Location

  • Area: D3 - Southwest Downey, S of Firestone, W of Downey
  • County: Los Angeles
  • Development Name: D3 - Southwest Downey, S of Firestone, W of Downey
  • Driving Directions: exit firestone from 605 fwy, go westbound, left on lakewood, slight left on bellflower blvd, left on elm vista, on corner of elm vista and lakewood

Utilities

  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Square Feet: 5,032
  • Year Built: 1955

Unit Information

Unit 1

  • Number of Units: 6
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Sq. Ft.): 6,886
  • Lot Size Source: Assessor
  • Zoning: DOR3*
  • Lot Description: 6-10 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $357.71

Listed by GIG Real Estate Inc., Matthew Guerra

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Schools

Schoolsserving 11944 Bellflower Boulevard

School District:Downey Unified School District
School Name
Grades
Distance
Gauldin Elementary School
9724 Spry St, Downey, CA 90242
K-5
0.5 mi
Sussman Middle School
12500 Birchdale Ave, Downey, CA 90242
6-8
0.9 mi
Downey High School
11040 Brookshire Ave, Downey, CA 90241
9-12
0.9 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 11944 Bellflower Boulevard

Listed by GIG Real Estate Inc., Matthew Guerra

11944 Bellflower Boulevard, Downey, CA 90242 (MLS# AR18059359) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 11944 Bellflower Boulevard is currently listed for $1,800,000 and was received on March 14, 2018. Want to learn more about 11944 Bellflower Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Downey? You can browse all Downey real estate or contact a Coldwell Banker agent to request more information.