Property Detail

Description

Excellent investment opportunity in the rapidly developing city of Bellflower! This well-maintained mixed-use property at 9434 Flower Street features four large 2bed/1bath residential apartments and three commercial spaces, offering a diversified income stream with attractive upside potential. Currently grossing $129,000 annually in rental income and operating at a 6.34% cap rate, the property offers the potential to achieve a 7.26% cap rate with further upgrades and rental adjustments. Several of the residential units have undergone renovations, minimizing immediate maintenance needs, while the commercial spaces provide additional income stability. Ideal for both investors and owner-users, the property offers the flexibility to occupy one of the residential units while generating income from the remaining apartments and commercial spaces, subject to tenant occupancy and applicable requirements. With strong in-place returns, multiple income sources, and an opportunity to further increase NOI without extensive capital improvements, this is an attractive opportunity for investors seeking immediate cash flow, long-term appreciation, or a place to call home while building equity.