17047 Bellflower Blvd Bellflower, CA 90706

This exceptional value-add investment opportunity presents two properties totaling 9,706 square feet of retail space situated on a 17,248 square foot lot in Bellflower, California. The main property, located at 17047 Bellflower Blvd, is a multi-tenant retail building with five units, currently boasting 80% occupancy and generating a net operating income (NOI) of $82,940. A pro-forma NOI of $172,092 projects significant upside potential. This building, constructed in 1950, offers high visibility and street exposure along Bellflower Boulevard, a major thoroughfare. The adjacent property, a 754 square foot single-family home built in 1927 at 9747 Park St, presents unique possibilities for owner-occupancy, additional rental income, or expansion of the retail operation. The combined properties offer a compelling investment opportunity with a current cap rate of 3.00% and a pro-forma cap rate of 6.16%. The property is zoned BFCG and features twelve onsite parking spaces. This offering presents a rare chance to acquire a well-located retail portfolio in a densely populated area with substantial growth potential. The asking price is $2,795,000, translating to $287.97 per square foot. The property's two buildings are both single-story structures. This is a Class C property.