$3,895,000
9116 Palm Street, Bellflower CA 90706
Multi-Family (16 Units)
Property type
88 days
On market
$307
Price per sqft
0 cars
Garage
1963
Year built
19,571 sqft
Lot size
Home highlights
Open Houses
Overview
A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have a patio, 5 units have a balcony/deck, and 3 units have a backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area,...
Listing provided by: Kevin Liang DRE #01980916 949-295-7285, Keller Williams OC Luxury Realty
Listing updated: Mar 20, 2026 at 09:19pm.
Last checked: Jun 13, 2026 at 12:30pm
Source: CRMLS #OC26037067
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 2 | 2 | — | $2,036 | $16,288 | $2,200 | Unfurnished |
| 8 | 1 | 1 | — | $1,641 | $13,032 | $1,750 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Separate Electric Meters: 16
Separate Gas Meters: 16
Separate Water Meters: 0
Carpet: 16
Disposal: 16
Ranges: 16
Rent Control: Yes
Units Leased: 16
Total Actual Rent: $22,269
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.8x
List Price / Annual Gross Rent
Cap Rate
8.22%
NOI / List Price
Gross Scheduled Income: $360,000
Operating Expense: $40,000
Net Operating Income: $320,000
Annual Operating Expenses
Electric: $1,400
Fuel: $4,600
Insurance: $7,500
Pest Control: $650
Professional Management: $9,600
Trash: $5,100
Water / Sewer: $7,000
Interior
Interior Features: Tile Counters, Unfurnished, Main Floor Bedroom, Main Level Primary
Room Type: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Flooring: Carpet, Tile
Cooling: Wall Window Units
Heating: Natural Gas, Wall Furnace
Appliances: Disposal, Gas Range, Gas Water Heater, Hot Water Circulator, Range Hood, Water Heater, Dryer, Washer
Fireplace: None
Laundry: Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room, Stacked, Dryer Included, Washer Included
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Window Features: Blinds, Screens
Property Condition: Turnkey
Exterior: Rain Gutters
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Security Gate, Smoke Detectors
Lot Features: Rectangular Lot
Pool: None
Spa: None
Fencing: Block, Wood, Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Neighborhood
Garage and Parking
Parking: Assigned, Concrete, Gated, One Space, Uncovered
Garage Spaces: 0
Uncovered Spaces: 25
Parking Total: 25
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7162016017
Additional Parcels: No
Tax Lot: 15
Zoning: BFR3*
Tax Block: 18
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Storm Drains, Street Lights, Sidewalks