$3,995,000

9248 Palm St Bellflower, CA 90706

Estimated payment $25,657/month

2 Beds
2 Baths
13,042 Sq Ft
$306 Price per Sq Ft

About This Home

Introducing the opportunity to acquire The Roof Gardens, a nine unit apartment building located in Bellflower, CA. The property is comprised of very spacious 2 bedroom 2 bathroom townhouse style units each with a two-car garage, private rooftop deck, washer and dryer hookups, and central A/C making this a highly unique asset rarely available in today's market. In addition to the two-car garages, there are an additional 7 parking stalls in the rear of the property that provide additional income. This back land area is approximately 1,800 SF providing an investor potential to construct ADU's and generate additional value. Built in 1986, this is a newer built asset with highly desirable units that attract long term tenants at strong rents in a preferable rental market.

Listing Agent

Ryan Pratt

Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #02179841 Listed on: 06/01/2026

Co-Listing Agent

Chris Pettit

Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #01983950

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 19,396 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 18 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 13,042 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 42351
  • Assessor Parcel Number 7162017073
  • $4,759 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $76,673
  • Gross Income $272,700
  • Net Operating Income $187,846

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.45 Acres

Parking

18

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7162017073
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 306.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 19396.00
  • Lot Size Acres: 0.4453

Multi Family

  • Gross Income: 272700.00
  • Gross Multiplier: 14.65
  • Gross Operating Income: 264519.00
  • Gross Scheduled Income: 272700.00
  • Lot Size Area: 19396.0000 Square Feet
  • Net Operating Income: 187846.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 76673.00
  • Rent Control: No
  • Total Expenses: 76673.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 42351
  • TaxOtherAnnualAssessmentAmount: 4759.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2026 06/01/26 For Sale $3,995,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP26118346

California Regional Multiple Listing Service (CRMLS)
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