Bellflower CA home offered at $2,225,000
Call Lisa DiNoto Group at (909)921-2544 to see this home.
9533
Somerset Boulevard,
Bellflower,
California
CA
90706-3010
Sold For: $1,720,000
Listing ID: 22196779
Price/SqFt:
$381.38
Status:
Closed
Sold Date:
12/22/2022
SqFt:
5,834
Sq Ft
Acres:
0.331
Acres
Year Built:
1955
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. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 65% upside in rents and over a 6.5% cap rate on market rents.
Primary Features
County:
Los Angeles
Price Before Reduction:
2325000
Price Reduction Date:
2022-11-25T22:48:44+00:00
Price/SqFt:
381.38
Property Type:
Residential Income
Year Built:
1955
Zoning:
BFR3YY
Interior
Cooling:
yes
Cooling Type:
Wall/Window Unit(s)
Heating:
yes
Heating Type:
Wall Furnace
Stories Total:
1
External
Lot Size Area:
14401
Lot Size Source:
Other
Lot Size Square Feet:
14401
Number Of Buildings:
5
Parking:
yes
Parking Features:
Covered
Parking Total:
9
Sewer:
Other
Location
Country:
US
MLS Area Major:
RJ - Bellflower N of Alondra, W of Bellflower
Additional
Additional Parcels:
yes
Association:
no
Co List Agent State License:
02179841
Co List Office State License:
02014153
Days On Market:
84
List Agent State License:
01838862
List Office State License:
02014153
Lot Size Units:
Square Feet
New Construction:
no
Number Of Units Total:
9
Parcel Number:
6277011023
Senior Community:
no
Financial
Cap Rate:
2.98
Gross Multiplier:
19.57
Gross Operating Income:
118670
Net Operating Income:
66323
Special Listing Conditions:
Standard
Total Expenses:
52347
Zoning Info
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Monday, April 15th, 2024.
Based on information from CARETS as of Monday, April 15th, 2024 08:08:43 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Monday, April 15th, 2024 08:08:43 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact - Listing ID 22196779
Lisa DiNoto
9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544
Data services provided by IDX Broker
