$1,976,000
$1,975,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
8 Baths
7,012 SqFt
SOLD DATE : 02/28/2024
Key Details
Sold Price $1,976,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,012 sqft
Price per Sqft $281
MLS Listing ID 24345125
Sold Date 02/28/24
Bedrooms 16
HOA Y/N No
Year Built 1956
Lot Size 0.254 Acres
Acres 0.2539
Property Description
**OFFER DEADLINE IS WEDNESDAY, 01/24 AT 5PM** 10018-10024 Foster Road consists of two fourplexes on two separate and contiguous parcels in the highly desirable Bellflower rental market. This offering presents an excellent opportunity to acquire a well priced, well located asset with approximately 30% upside in the rental income. The outstanding unit mix features all two-bedroom / one-bathroom units. The property also features eight detached carport parking spaces for tenants. The property is conveniently located near the 105 and 91 freeways providing easy access to both LA and OC. This asset has been under the same ownership for decades and is an excellent investment opportunity because of it's great location, substantial amount of rental upside and no local rent control barriers.
Location
State CA
County Los Angeles
Area Rh - Bellflower N Of Alondra, E Of Bellflower
Zoning BFR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Detached Carport
Parking Type Detached Carport
Attached Garage No
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6281011024
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Nicholas Petrosian • Remax Commercial and Investment Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "