9533 Somerset Boulevard

Bellflower, CA 90706

$1,765,000

Sold Price
10

bed Beds

10

shower Baths

5,834 sqft

straighten / sqft

1955

calendar_month Built

Property Description

We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 40% upside in rents and nearly a 7.5% cap rate on market rents.

Listing Information

Close Price $1,765,000
Close Date Friday, May 10th, 2024
Status Closed
MLS 23255865
Type Residential Income
Year Built 1955
Lot Size 14,401
Structure Size 5,834
DOM 331
Courtesy Of Skyline Commercial Real Estate
Listing Agent David Oronoz DRE#01838862

Interior Features

Total Bedroom
Bedrooms 10
Total Bathroom
Bathrooms 10
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: David Oronoz, Skyline Commercial Real Estate 949-688-6530. *Based on information from the Association of REALTORS/Multiple Listing as of May 13th, 2024 at 4:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.