15729 Bellflower Boulevard
Bellflower, CA 90706
0.20 acres | #PW24224947
Description
An excellent opportunity to acquire a well-maintained 5-unit mixed-use building in Bellflower, CA. Located at 15729 Bellflower Blvd, this commercial asset was built in 1944. The front building offers two storefront retail/office units on the ground level and two 1 bed + 1 bath apartments on the second story. The back building has been operating for 40+ years as an auto repair shop. Building square footage on title shows 2,112 but the entire square footage including the auto repair shop is estimated to be 4,612 gross rentable square feet. Both buildings are situated on a large 8,607 square foot lot. Recent improvements include new silicone sealant on roofs with a 10-year warranty, two new electrical subpanels and interior renovations to apartment #31 ½.
The property is within close proximity to the intersection of Bellflower Blvd and Alondra Blvd and boasts a diverse surrounding tenant mix. Nearby tenants include WaBa Grill, Round Table Pizza, Cold Stone Creamery, O’Reilly Auto Parts, Smart & Final, Panda Express, Jersey Mike’s Subs and US Bank just to name a few. With more than 50% upside potential in rental income, it is the perfect opportunity for an investor to add value and achieve an exceptional return. The long-standing auto repair shop provides an exceptional opportunity for a new owner to operate their business in a location with a proven track record for success. One of the best options for a buyer may be to obtain SBA financing, operate in the auto repair space and utilize income from the other rental units to cover expenses and a portion of the loan payments.
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- Stories2
Measurements
- Acres0.1976
Parking
- Parking Spaces8
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1944
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,250,000
Other
- MLS #PW24224947
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Justin White (#PWWHITJUS)
Listing Office: Justin White (#PB17476)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.