17819 Clark Ave Bellflower, CA 90706

Property Details for 17819 Clark Ave

Year built

1954

Construction

WOOD

Lot size

0.31 lot acres

Property size

7,881 SF

Zone code

BFM1*

Property type

Investment properties

Property subtype

Live-work space

APN

7162-006-028

APU

7162006028

Description

This exceptional mixed-use property, located at 17819-17831 Clark Ave in Bellflower, CA, presents a compelling investment opportunity. The 10,041 square foot property sits on a 0.51-acre lot and comprises eleven buildings constructed in 1949 and 1954. The property includes twelve residential units – six studios/one-bath, one two-bedroom/one-bath, and one three-bedroom/one-bath – along with four retail units and a separate laundry facility. Recent upgrades include new roofing, dual-pane windows, and electrical panels in all residential buildings. Units feature laminate and tile flooring, stoves, refrigerators, and in-unit heating. Each residential building boasts a private backyard and adjacent parking. The property offers 24 parking spaces in total. The permitted zoning is R-2/C-G. The asking price is $2,350,000, representing a price per square foot of $234.04 and a price per unit of $195,833. The current NOI is $111,050, yielding a 4.73% cap rate, with a pro-forma cap rate of 7.37%. This prime Bellflower location offers unparalleled access to major transportation highways and is close to numerous amenities, making it an ideal investment for owner-users or investors seeking a versatile and high-return property. The property's expansive space allows for customization and scalability to meet diverse needs. The ample parking caters to both residential and retail tenants. The APN is 7162-006-030

Location Insight

City

Bellflower

County

Los Angeles

State

California

Longitude

-118.134

Latitude

33.8705

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments