11
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$1,250,000
Est. payment /mo
6,072 Sqft Lot
New
10004 Foster RD Bellflower, CA 90706
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25176036
HOA Y/N No
Year Built 1956
Lot Size 6,072 Sqft
Property Sub-Type Quadruplex
Property Description
Value Add Opportunity
This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income.
Recent capital improvements include a brand-new roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways.
Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.
This well-located multifamily property offers a rare 100% 2-bedroom, 1-bath unit mix, ideal for tenant retention and strong rental demand. With over 50% upside in gross rents and 95%+ potential NOI growth, this asset is primed for a value-add strategy. All units are currently tenant occupied and up to date on rent, providing immediate income.
Recent capital improvements include a brand-new roof and fresh exterior paint, and new central water heater reducing near-term maintenance costs. The property features 5 onsite parking spaces and offers ADU development potential (buyer to verify). Located directly on the border of Downey (90242), just across Foster Rd, this asset benefits from strong local demographics and rental demand and less than 1/4 mile from both the 105 & 605 Freeways.
Perfect for investors seeking long-term upside, redevelopment potential, first time buyers or a 1031 exchange.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning BFR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Carport Spaces 4
Pool None
Community Features Biking, Curbs
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6281011027
Energy Description 240.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Daniel Gomez Younglewin Advisors, Inc. 562-266-7629
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