We are pleased to present the Brownstone Apartments, offered for sale for the first time in over 30 years and located in a strong Bellflower submarket. This well-maintained property features an ideal unit mix of one- and two-bedroom units, along with a permitted studio ADU. The all-electric property has undergone… Read More significant capital improvements, including a new roof, new electrical subpanels, new dual-pane windows, new asphalt, updated walkways and balconies, and completed SB 721 compliance. With a cap rate exceeding 7.5% on market rents and over 25% upside in rental income, the Brownstone Apartments offer investors the opportunity to acquire a clean, well-maintained asset with substantial rental upside. Read Less
Property listed by Triqor Group, Chris Keramati 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.43 Acres
Year Built
1962
MLS Number
PW26039950
Additional Details
Building
Built in 1962, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
Sidewalks
Expenses
Operating: $113,418
Garage
4 spaces
Income
Gross Income: $304,026, Gross ScheduledIncome: $313,429, Net Operating Income: $190,609
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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