Exclusive Listings

Prime Area of Downey

Address:
11944 Bellflower Blvd
Downey, CA 90242
Price:
$1,800,000
Status:
Available
Type:
Apartment
# Units:
6
Year Built:
1955
Building Size:
5032
Lot Size:
6,886
CAP Rate:
3.37%
GRM:
19.23x
Price/Unit:
$300,000
Price/SqFt:
$358

The Growth Investment Group is proud to offer 11944 Bellflower Boulevard, a 6-unit apartment property comprised of a single two-story building located in the highly desirable city of Downey, California. This non-rent-controlled value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 2008 and since then, is the first time being offered for sale. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control Buyers can quickly add value and increase income by modernizing the units. With only blocks away from Kaiser Permanente and Presbyterian Intercommunity Hospitals and Cerritos Community College it is within excellent proximity to many inevitabilities.  



  • Value-Add opportunity with many long-time tenants in non-rent-controlled market
  • Attractive 6 units consisting of all 2B + 1B mix
  • Conveniently located in the heart of Downey close to many restaurants, shopping and places of interest and entertainment
  • Superb location and rental opportunities being extremely close to Downey Landing Shopping Plaza, Downey Promenade, and Stonewood Village Mall which includes LA Fitness, 24 Hour Fitness, Macy’s, Kohl’s, Finish Line, Marshall’s, Bed Bath and Beyond, PetSmart, Cinemark Movie Theater and more. Near Downey High School, Kaiser Permanente and Presbyterian Intercommunity Hospitals.
  • Nearby to Downey Adult School and Los Angeles County Office of Education along with other county buildings and abundant education and employment opportunities
  • Easy access to FWY 605, FWY 105, FWY 5 and FWY 710
  • Building is enclosed with Rod Iron Fencing
  • Private fenced yard with clean landscaping
  • Under-utilized common garden and barbecue area
  • Individual garages with security lights
  • Laundry Area
  • Holds Generous Curb Appeal

Due Diligence


Broker Contact

Matthew Guerra
Direct: 626.898.9740
mguerra@growthinvestmentgroup.com


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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