$2,400,000
$2,400,000
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16137 Cornuta AVE Bellflower, CA 90706
0.46 Acres Lot
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW15223372
Sold Date 01/25/16
HOA Y/N No
Year Built 1964
Lot Size 0.464 Acres
Property Description
Located in an excellent rental area of Bellflower - this property offers a buyer the opportunity to purchase a property with an excellent unit mix from a long-term owner. The subject property offers securitized access to garage and carport parking. There are on-site laundry facilities and a BBQ area for tenants to enjoy. Units have private balconies and air conditioning. With rents well below market levels, a new owner can easily bring rents up and increase their return with prudent management and renovation. The property is 100% occupied and operates extremely well for the current owner, giving an investor a high amount of security while still offering a large amount of upside on proforma income.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Interior
Fireplace No
Exterior
Garage Spaces 10.0
Carport Spaces 10
Garage Description 10.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 40
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 7109004026
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS