10024 Foster Rd

Bellflower, CA 90706

$1,225,000
Last Sold Price
8
Beds
4
Baths
3,506 Sq. Ft.
$349 / Sq. Ft.
3,506
Sq. Ft.
$349
per Sq. Ft.
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Sold 10/21/24
Sold 10/21/24
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Description

Price reduced for quick close - looking for 21-30 day close. Seller has found their upleg. One fully renovated unit delivered vacant. Presenting 10018 Foster Road, an exceptional investment opportunity in North East Bellflower, borderline Downey. This is truly an exciting opportunity for investors and owner-users alike. This beautiful fourplex boasts all 2-bedroom / 1-bath units averaging approximately 875 square feet, with carport parking and on-site laundry facilities. Recently enhanced with a...Price reduced for quick close - looking for 21-30 day close. Seller has found their upleg. One fully renovated unit delivered vacant. Presenting 10018 Foster Road, an exceptional investment opportunity in North East Bellflower, borderline Downey. This is truly an exciting opportunity for investors and owner-users alike. This beautiful fourplex boasts all 2-bedroom / 1-bath units averaging approximately 875 square feet, with carport parking and on-site laundry facilities. Recently enhanced with a new roof, exterior paint, and fresh landscaping, it also includes one fully renovated unit with new cabinets, appliances (including washer/dryer) and appointments ready to command a premium rent, or provide a comfortable home for an owner-occupant. Located within a short drive of the Downey Landing, Stonewood Shopping Center, Kaiser Hospital, restaurants, movie theaters, freeways and other support facilities, this investment checks all the boxes! Don't miss your chance, explore this standout opportunity today. Unit No. 1 shows a rental amount of $2,400, which is based on Pro Forma, and will be delivered vacant.
  1. Listed by Nicholas Petrosian • DRE #01462598 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
  2. Listed by Juan Cardenas • DRE #01233927 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 10024 Foster Road

Zoning
BFR3*
Parcel Number
6281011023
Total Units
4.0
Living Area
3506
Source Living Area
Assessor
Area
Bellflower N of Alondra, E of Bellflower (RH)
Vacancy Rate
3%
Lot Size Area
5521
LISTING CLOSED: 10/21/2024 12:00 AM

Property Details for 10024 Foster Road

StatusSold
MLS #24-427595
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.13 AC / 5,521 SF
CountyLos Angeles County
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Location

Listing Courtesy of Remax Commercial and Investment Realty, Nicholas Petrosian, DRE #01462598; Remax Commercial and Investment Realty, Juan Cardenas, DRE #01233927

Sold By Redpoint Realty, Rosie Chung, DRE #01440480

Add your commute

Building Information for 10024 Foster Road

Stories2Residences-Year Built1956Building Size-Lot Size0.13 AC / 5,521 SF

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$7,448 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,104

Property Taxes

$1,344

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 10024 Foster Road

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,564
  • Net Operating Income: $47,383.00
  • Gross Income: $89,241
  • Gross Scheduled Income: $89,241
  • Cap Rate: 3.86%
  • Gross Rent Multiplier: $13.72
  • Total Annual Expense: 39181
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1267
  • Lot Size Square Feet: 5521
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 4
  • Carport Spaces Total: 4
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,062.00
  • Unit Actual Rent: $2,062.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,465.00
  • Unit Actual Rent: $1,465.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,510.00
  • Unit Actual Rent: $1,510.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $102,351.00
  • Assessed Improvement Percent: 66.97
  • Assessed Land Value: $50,486.00
  • Assessed Land Percent: 33.03
  • Assessed Total Value: $152,837.00

Property History for 10024 Foster Road

DateEvent & SourcePriceAppreciation
Oct 21, 2024

Sold

CLAW #24-427595

$1,225,000—
Oct 21, 2024

Sold

CRMLS #24427595

$1,225,000—
Oct 21, 2024

Sold

SDMLS #24-427595

$1,225,000—
DateEvent & SourcePrice
10/21/2024

Sold

CLAW #24-427595

$1,225,000
10/21/2024

Sold

CRMLS #24427595

$1,225,000
10/21/2024

Sold

SDMLS #24-427595

$1,225,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10024 Foster Road

Taxable ValueLand$800,000Additions$425,000Total$1,225,000
Tax Record2025$16,134 ($1,344 / month)
Home Facts
Total Finished SqFt3,506 SqFtAbove Grade Finished SqFt3,506 SqFtLot Size5,521 SqFtStyleQuadraplexYear Built1956ZoningBFR3*CountyLOS ANGELESAPN6281-011-023

Schools near 10024 Foster Road

This home is within Downey Unified School District.
Rating
School
Type
Grades
Distance
Lewis Elementary School
Public - K to 5
Carpenter Elementary School
Public - K to 5
Sussman Middle School
Public - 6 to 8
Downey High School
Public - 9 to 12
Rating
School
Distance
Lewis Elementary School
PublicK to 5

Carpenter Elementary School
PublicK to 5

Sussman Middle School
Public6 to 8

Downey High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Nicholas Petrosian, DRE #01462598; Remax Commercial and Investment Realty, Juan Cardenas, DRE #01233927

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.