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listing
1 of 22
Residential IncomeFor Sale
$1,050,000
9608 Olive Street
Bellflower, CA 90706
Listed by Nicholas Petrosian DRE#01462598 [email protected] Remax Commercial And Investment Realty
MLS: California Regional MLS (CRMLS)
4Beds
5Baths
2,336Sq Ft
Est. Mortgage
$5,520/mo

Seize the opportunity to own a meticulously maintained 5-unit multifamily investment property in Bellflower, just a short walk from the revitalizing downtown district. Extensively renovated 10 years ago, this property features a new roof, upgraded plumbing, and electrical. Several units have been tastefully updated with tiled kitchens and granite countertops. The property includes two garage parking spaces, three carport spaces, on-site laundry, separate gas and electric meters, and individual hot water heaters for each unit. With its attractive curb appeal and prime location adjacent to a vibrant downtown area, this property offers an exceptional investment opportunity. Currently generating a solid 6.07% cap rate and a 10.89 Gross Rent Multiplier (GRM) on existing income, it provides a strong ROI from day one. This is a rare find for investors seeking both stability and growth in a dynamic market.

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Information courtesy of Remax Commercial And Investment Realty is subject to verification and is not guaranteed.
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