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15 Photos
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9203 Park Street
USD 2,680,000
Property ID: 23307875
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9203 Park Street ,90706
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icon 19535 SqFt
icon Built in 1987
icon USD 137/SqFt
icon 15 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
15
Bathrooms
0
Interior Size
8158
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1987
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Detailed Introduction Of This Home
9203 Park is a sprawling townhouse complex located 1 mile west of Downtown Bellflower that features seven value-add townhouse-style units not subject to local rent control. These townhomes fall under State of California rent control, which allows for an annual rent increase of 5% + CPI (currently 8.8%). Residing on an 19,535 SF lot, 9203 Park features an attractive unit mix comprising of (1) 3-bdrm. & 2.5-bath single-family townhome and (6) 2-bdrm. townhouse-style units. Each unit features a back patio and a two-car garage with a side-by-side washer and dryer. Please note, there may be a possibility for a future owner to add an ADU or two (buyer to verify). The property presents approx. 37% rental upside compared to renovated townhomes in the area, and is offered at $329 per foot, which at the list price it stabilizes at a 5.79% CAP rate and 12.07 GRM. 9203 Park is offered in conjunction with another 7-unit townhouse-style complex that is three parcels away (9137 Park) and can be purchased individually or together.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (15)
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9203 Park Street
USD 2,680,000 15 Beds
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