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Listed by Justin White • Justin White
$ 1,250,000
Est. payment /mo
Active
15729 Bellflower Boulevard Bellflower, CA 90706
2,112 SqFt
UPDATED:
11/06/2024 11:09 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $591
MLS Listing ID PW-24224947
Year Built 1944
Lot Size 8,607 Sqft
Property Description
An excellent opportunity to acquire a well-maintained 5-unit mixed-use building in Bellflower, CA. Located at 15729 Bellflower Blvd, this commercial asset was built in 1944. The front building offers two storefront retail/office units on the ground level and two 1 bed + 1 bath apartments on the second story. The back building has been operating for 40+ years as an auto repair shop. Building square footage on title shows 2,112 but the entire square footage including the auto repair shop is estimated to be 4,612 gross rentable square feet. Both buildings are situated on a large 8,607 square foot lot. Recent improvements include new silicone sealant on roofs with a 10-year warranty, two new electrical subpanels and interior renovations to apartment #31 1/2 . The property is within close proximity to the intersection of Bellflower Blvd and Alondra Blvd and boasts a diverse surrounding tenant mix. Nearby tenants include WaBa Grill, Round Table Pizza, Cold Stone Creamery, O'Reilly Auto Parts, Smart & Final, Panda Express, Jersey Mike's Subs and US Bank just to name a few. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return. The long-standing auto repair shop provides an exceptional opportunity for a new owner to operate their business in a location with a proven track record for success. One of the best options for a buyer may be to obtain SBA financing, operate in the auto repair space and utilize income from the other rental units to cover expenses and a portion of the loan payments.
Location
State CA
County Los Angeles
Zoning BFCGYY
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 8.0
Pool None
Community Features Curbs
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944