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Listed by Rod Austin, DRE #01944483 • Home Base Realty Inc
$ 3,995,000
Est. payment /mo
New
10036 10044 Alondra Bellflower, CA 90706
0.85 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26204455
Style Traditional
Year Built 1929
Lot Size 0.846 Acres
Source California Regional MLS
Property Description
*** A RARE Opportunity to ACQUIRE a FULLY ENTITLED & APPROVED 48-unit SENIOR HOUSING DEVELOPMENT in Bellflower California. Offered together with TWO existing INCOME PRODUCING RESIDENTIAL parcels. The existing properties consist of 8-Rental units generating $ 14,540 a month / $ 174,480 yearly. Side note- Rent increases coming in a couple months. This is 2 separate parcels with 1 loan for the entire property. This is your chance to ACQUIRE a fully entitled senior housing development opportunity while benefiting from an existing income producing residential portfolio. Existing rental income provides an immediate income stream while the Buyer/Investor/Developer executes his Strategy for his Future Development with this Entire Property. Buy & Build at your Leisure to maximize terms and market. At $ 3,995,000 Sales Price with a Fully Entitled & Approved 48-units is only $ 83,229 a Door. With an estimated $ 2,150 Rents per unit conservatively for a completely Brand-New Build and all the amenities' totals $ 103,200 a month with yearly total of $ 1,238,400 yearly. Development documentation available to qualified buyers/investors/developers. *** Take a look and the Architectural plans and AERIAL Video showing the front, sides and back of this Project in the Supplement Section. A RARE
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Rooms
Kitchen Oven Range, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces
Garage Spaces 18.0
Pool 31, None
View Local/Neighborhood
Roof Type Composition
Building
Foundation Other, Raised
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 7109004005
Special Listing Condition Not Applicable
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