$5,150,000
9240 Palm Street, Bellflower CA 90706
Multi-Family (16 Units)
Property type
111 days
On market
$384
Price per sqft
0 cars
Garage
1963
Year built
19,672 sqft
Lot size
Open Houses
Overview
|| ABSOLUTE PRIDE OF OWNERSHIP, TURN-KEY PROPERTY || GREAT MIX OF 1-BEDROOM/1-BATH & 2-BEDROOM/2-BATH UNITS || STRONG BELLFLOWER RENTAL MARKET NEAR MAJOR THOROUGHFARES || LARGE FLOORPLANS WITH PRIVATE PATIOS || NOT SUBJECT TO CITY RENT CONTROL ||
Listing provided by: Doug Rodermund DRE #01314304, Morgan Skenderian
Listing updated: Feb 25, 2026 at 11:11pm.
Last checked: Jun 14, 2026 at 06:30am
Source: CRMLS #PW26041898
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 1 | 1 | — | $1,874 | $14,995 | $1,995 | Unfurnished |
| 8 | 2 | 2 | — | $2,367 | $18,940 | $19,400 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Separate Electric Meters: 17
Separate Gas Meters: 17
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.1x
List Price / Annual Gross Rent
Cap Rate
5.7%
NOI / List Price
Gross Scheduled Income: $425,160
Vacancy Allowance: $12,754
Operating Expense: $121,124
Net Operating Income: $291,281
Annual Operating Expenses
Electric: $5,351
Gardener: $3,000
Fuel: $5,351
Insurance: $13,000
Maintenance: $15,000
New Taxes: $63,617
Professional Management: $0
Trash: $5,351
Water / Sewer: $5,351
Workers Comp: $3,600
Other Expense: $1,500
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: One
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 0
Uncovered Spaces: 22
Parking Total: 22
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7162017015
Additional Parcels: No
Tax Lot: 339
Community
Senior Community: No
Community Features: Curbs, Gutters, Sidewalks