Seller's Agent in 2023
Shant Sherbetdjian
RE/MAX
(626) 657-8135
1 in this area
62 Total Sales
16
Beds
16
Baths
10,624
Sq Ft
18,021
Sq Ft
Highlights
- 0.41 Acre Lot
- Laundry Room
- 3-minute walk to Simms Park
About This Home
As of September 2023We are pleased to present this great investment opportunity situated in an excellent rental location of Bellflower. This beautiful 16 unit apartment building (built in 1956/1968) is a true turn-key income property that has spacious 1 Bedroom + 1 Bathroom units with opportunity to add-value. This building underwent cosmetic rehab in 2016 and is an easy to manage investment with a desirable low density layout on top of the great curbside appeal. There is substantial rental upside potential of +/- 46% with minimal landlord maintenance. There is plenty of on-site parking spaces, an on-site laundry and all units are separately metered for gas and electricity. Less than 100' from nearby Simms Park and a short commute to shopping and dining. There is no local rent control as this property is only subject to the statewide AB1482 which is currently 8.8% annually. Please call for more details.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01713570 Listed on: 07/26/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 0.41
Interior Spaces
- 10,624 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Parking
- 20 Parking Spaces
- 10 Covered Spaces
- Covered Parking
Additional Features
- 0.41 Acre Lot
- Cooling System Mounted In Outer Wall Opening
Listing and Financial Details
- Assessor Parcel Number 7106-003-014
Community Details
Overview
- 2 Buildings
- 16 Units
Building Details
- Vacancy Allowance $6,706
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/25/2023 09/25/23 | Sold | $3,750,000 | 0.0% | $353 / Sq Ft | |
| 09/12/2023 09/12/23 | Pending | -- | -- | -- | |
| 07/26/2023 07/26/23 | For Sale | $3,750,000 | +85.6% | $353 / Sq Ft | |
| 03/31/2014 03/31/14 | Sold | $2,020,000 | +2.3% | $190 / Sq Ft | View Prior Sale |
| 01/02/2014 01/02/14 | Pending | -- | -- | -- | |
| 12/24/2013 12/24/13 | For Sale | $1,975,000 | -- | $186 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $46,582 | $3,825,000 | $2,499,000 | $1,326,000 |
| 2024 | $46,582 | $3,750,000 | $2,450,000 | $1,300,000 |
| 2023 | $41,841 | $3,413,484 | $2,218,766 | $1,194,718 |
| 2022 | $41,117 | $3,346,554 | $2,175,261 | $1,171,293 |
| 2021 | $40,271 | $3,280,936 | $2,132,609 | $1,148,327 |
| 2019 | $39,243 | $3,184,723 | $2,069,355 | $1,115,368 |
| 2018 | $38,158 | $3,122,300 | $2,028,780 | $1,093,520 |
| 2016 | $26,617 | $2,091,778 | $941,300 | $1,150,478 |
| 2015 | $26,075 | $2,060,358 | $927,161 | $1,133,197 |
| 2014 | $6,888 | $306,367 | $54,376 | $251,991 |
Source: Public Records
Agents Affiliated with this Home
-
Shant Sherbetdjian
-
Juan Cardenas
Seller Co-Listing Agent in 2023
Juan Cardenas
RE/MAX
(562) 587-5494
7 in this area
27 Total Sales
-
Peter Wollner
Buyer's Agent in 2023
Peter Wollner
(310) 378-5036
2 in this area
24 Total Sales
-
Scott Larsen
Seller's Agent in 2014
Scott Larsen
First Choice Property Mgmt Co
(562) 925-6668
1 in this area
3 Total Sales
-
Chris Keramati
Buyer's Agent in 2014
Chris Keramati
Triqor Group
(949) 756-3232
1 in this area
25 Total Sales
Source: The MLS
MLS Number: 23-294679
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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