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17100 Downey Avenue, Bellflower, CA, 90706

17100 Downey Avenue
$6,990,000

Key Information

Cap Rate
5.34%
GRM
12
$ per SF
$384
Tot. SF
18,200
Lot Size
0.58 Acres
Units
22
Year Built
1972
Type
Apartments
NOI
$372,933
Leasable Area
18,229

Highlights

  • 22-Unit Multifamily Opportunity in Bellflower with Strong In-Place Income and Excellent Curb Appeal
  • Majority Large Two-Bedroom Units, Many with Garages, Supporting Durable Tenant Demand and Long-Term Occupancy
  • Substantial and Noteworthy Renovation in 2025, Featuring Copper Plumbing, New Double Pane Vinyl Windows, and Beautifully Landscaping. The Pitched Composition Roofing is approximately 8 years old, and new asphalt completed throughout
  • Units Include Gas Cooking, Gas Wall Heating, Wall-Mounted A/C, and the Interiors Have Been Renovated with Quartz Counters and New Vinyl Plank Flooring, Cabinet Hardware, New Bathroom vanities and reglazed showers
  • Individually Metered Gas and Electricity, Reducing Owner Utility Burden and Enhancing Operating Efficiency
  • Lifestyle-Oriented Community with a Courtyard Pool and Private Interior Courtyard Layout

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245