9116 Palm Street

Bellflower, CA 90706

$4,198,000
Price
3
Beds
24
Baths
12,704 Sq. Ft.
$330 / Sq. Ft.
12,704
Sq. Ft.
$330
per Sq. Ft.

Description

A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces....A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.
  1. Listed by Kevin Liang • DRE #01980916 • Brokerage DRE #02065965 • KW Spectrum Properties • 949-295-7285

Property Details for 9116 Palm Street

View
Neighborhood
Parking Spaces Total
25
Private Pool
No
Cooling Type
Wall/Window
Total Units
16.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
12704

Location

Listing Courtesy of KW Spectrum Properties, Kevin Liang, DRE #01980916
Add your commute
LISTING UPDATED: 03/26/2024 08:13 AM

Property Details for 9116 Palm Street

StatusActive
MLS #OC24059675
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Location

Listing Courtesy of KW Spectrum Properties, Kevin Liang, DRE #01980916
Add your commute

Building Information for 9116 Palm Street

Building/Complex9116 Palm StFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$25,675 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,910

Property Taxes

$2,765

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9116 Palm Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $333,200
  • Gross Scheduled Income: $328,200
  • Net Operating Income: $297,000
  • Laundry Income: $5,000
  • Gross Multiplier: 12.7
Expense Details
  • Operating Expense: $36,200
  • Fuel Expense: $6,000
  • Pest Control Expense: $650
  • Electric Expense: $1,350
  • Insurance Expense: $7,500
  • Professional Management Expense: $9,600
  • Trash Expense: $4,000
  • Water Sewer Expense: $7,100
  • Total Expenses: $36,200
Tax / Assessment Info
  • Tax Block: 18
  • Tax Tract Number: 554...
  • Tax Census Tract: 5544.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Range, Gas Water Heater, Hot Water Circulator, Range Hood, Water Heater
  • Equipment: Dryer, Dryer Included, Gas Dryer Hookup, Laundry Area, Laundry Closet Stacked, Room, Stackable W/D Hookup, Washer, Washer Hookup, Washer Included
  • Interior Features: Tile Counters, Unfurnished
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Gas, Hot Water Circulator
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, Individual Room, Stackable, Washer Hookup, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
  • Flooring: Carpet, Tile
Exterior Features
  • Window Features: Blinds, Screens
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Security: Automatic Gate
  • Exterior Features: Rain Gutters
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wood, Wrought Iron
  • Fencing: Block, Wood, Wrought Iron
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Gated, Parking Space, Uncovered
  • Uncovered Spaces: 25
  • Open Other Spaces Total: 25
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Concrete, Gated, Parking Space, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,919
  • Unit Type Total Rent: $15,350
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,501
  • Unit Type Total Rent: $12,010
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 0
  • Number With Disposal: 16
  • Number With Patio: 13
  • Number Wall AC: 16

Property History for 9116 Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 9116 Palm Street

Taxable ValueLand$1,215,472Additions$1,386,609Total$2,602,081
Tax Record2023$33,179 ($2,765 / month)
Home Facts
Total Finished SqFt12,704 SqFtAbove Grade Finished SqFt12,704 SqFtLot Size19,571 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningBFR3*CountyLOS ANGELESAPN7162-016-017

Schools near 9116 Palm Street

This home is within Bellflower Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - 7 to 12
Public - K to 12
Rating
School
Distance
Craig Williams Elementary School
PublicK to 6

Mayfair High School
Public7 to 12

Somerset Continuation High School
Public7 to 12

Bellflower Alternative Education Center
PublicK 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.

Similar Homes

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9116 Palm Street is a multi-family home for sale in Bellflower, CA 90706. This property was listed for sale on March 26, 2024 by KW Spectrum Properties, it's currently listed at $4,198,000. It has been on the market for a total of 36 days and was last sold on August 8, 2008. This listing's school district is Bellflower Unified School District. Nearby schools include Craig Williams Elementary School, Mayfair High School and Somerset Continuation High School. 9116 Palm Street is a 3-bed, 24-bath, 12,704 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Spectrum Properties, Kevin Liang, DRE #01980916

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.