9608 Olive Street
Bellflower, CA 90706
2336 sqft | 4 beds | 0.11 acres | #24434815
Description
Seize the opportunity to own a meticulously maintained 5-unit multifamily investment property in Bellflower, just a short walk from the revitalizing downtown district. Extensively renovated 10 years ago, this property features a new roof, upgraded plumbing, and electrical. Several units have been tastefully updated with tiled kitchens and granite countertops. The property includes two garage parking spaces, three carport spaces, on-site laundry, separate gas and electric meters, and individual hot water heaters for each unit. With its attractive curb appeal and prime location adjacent to a vibrant downtown area, this property offers an exceptional investment opportunity. Currently generating a solid 6.07% cap rate and a 10.89 Gross Rent Multiplier (GRM) on existing income, it provides a strong ROI from day one. This is a rare find for investors seeking both stability and growth in a dynamic market.
Interior Details
- Bedrooms4
Property Details
- Stories2
Measurements
- Acres0.1125
- Square Feet2336
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1949
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,050,000
Other
- MLS #24434815
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Nicholas Petrosian (#CLW-C107472)
Listing Office: Remax Commercial and Investment Realty (#CLW-X7538301)
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