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9533 Somerset BLVD Bellflower, CA 90706
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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
Bedrooms 10
Year Built 1955
Lot Size 0.331 Acres
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)
Exterior
Garage Covered
Building
Story 1
Sewer Other
New Construction No
Others
Special Listing Condition Standard
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Bought with Ryan Pratt • Skyline Commercial Real Estate