10018 Foster RD, Bellflower, CA 90706
$1,976,000
$1,975,000
0.1%
Est.Price: ?

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16 BD
8 BA
7,012 SqFt

10018 Foster RD Bellflower, CA 90706

Est. payment /mo
SOLD DATE : 02/28/2024

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Key Details

Sold Price $1,976,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 7,012 sqft

Price per Sqft $281

MLS Listing ID 24345125

Sold Date 02/28/24

Bedrooms 16

HOA Y/N No

Year Built 1956

Lot Size 0.254 Acres

Property Description

**OFFER DEADLINE IS WEDNESDAY, 01/24 AT 5PM** 10018-10024 Foster Road consists of two fourplexes on two separate and contiguous parcels in the highly desirable Bellflower rental market. This offering presents an excellent opportunity to acquire a well priced, well located asset with approximately 30% upside in the rental income. The outstanding unit mix features all two-bedroom / one-bathroom units. The property also features eight detached carport parking spaces for tenants. The property is conveniently located near the 105 and 91 freeways providing easy access to both LA and OC. This asset has been under the same ownership for decades and is an excellent investment opportunity because of it's great location, substantial amount of rental upside and no local rent control barriers.

Location

State CA

County Los Angeles

Area Rh - Bellflower N Of Alondra, E Of Bellflower

Zoning BFR3*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Detached Carport

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6281011024

Special Listing Condition Standard

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Listed by Nicholas Petrosian Remax Commercial and Investment Realty #01462598
Bought with Nicholas Petrosian Remax Commercial and Investment Realty
Jessica Lam

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