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Active
9533 Somerset Boulevard Bellflower, CA 90706
$2,425,000
10 beds
5,834 sq ft

Property listed by Skyline Commercial Real Estate, David Oronoz. IDX Contact: 949-688-6530

Team Members Representing this Property

  • David Oronoz

    David Oronoz

    Listing Agent

    DRE# 01838862

  • Ryan Pratt

    Ryan Pratt

    Listing Agent

    DRE# 02179841

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. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 65% upside in rents and nearly a 6% cap rate on market rents.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1955

Bathrooms

  • 10 total bathrooms

Bedrooms

  • 10 total bedrooms

House

  • 1 total stories
  • Built in 1955
  • 5,834 sqft living area
  • 5834 total building sqft

Cooling

  • Wall/Window Unit(s)

Heating

  • Wall Furnace

Income

  • Gross Income: 120215
  • Net Operating Income: 65678

Listing

  • Listing ID: 22196779
  • 8 days on market
  • Listed on 2022-09-07

Location

  • County: Los Angeles

Lot

  • 14401 sqft
  • 0.3306 acres
  • Area: 14401

Parking

  • 9 total parking spaces
  • Covered

Possession

  • Close Of Escrow

Property

  • 5 buildings
  • 9 units

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