10036 10044 AlondraBellflower, CA 90706

Description

*** A RARE Opportunity to ACQUIRE a FULLY ENTITLED & APPROVED 48-unit SENIOR HOUSING DEVELOPMENT in Bellflower California. Offered together with TWO existing INCOME PRODUCING RESIDENTIAL parcels. The existing properties consist of 8-Rental units generating $ 14,540 a month / $ 174,480 yearly. Side note- Rent increases coming in a couple months. This is 2 separate parcels with 1 loan for the entire property. This is your chance to ACQUIRE a fully entitled senior housing development opportunity while benefiting from an existing income producing residential portfolio. Existing rental income provides an immediate income stream while the Buyer/Investor/Developer executes his Strategy for his Future Development with this Entire Property. Buy & Build at your Leisure to maximize terms and market. At $ 3,995,000 Sales Price with a Fully Entitled & Approved 48-units is only $ 83,229 a Door. With an estimated $ 2,150 Rents per unit conservatively for a completely Brand-New Build and all the amenities' totals $ 103,200 a month with yearly total of $ 1,238,400 yearly. Development documentation available to qualified buyers/investors/developers. *** Take a look and the Architectural plans and AERIAL Video showing the front, sides and back of this Project in the Supplement Section. A RARE & WONDERFUL OPPORTUNITY to own a Brand New 48 Unit Senior Housing Development.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Style

Traditional

Year built

1929

Stories

2

Building area

8,709 Sq Ft

Lot size

0.85 acres

Garage spaces

2

Parking spaces

18

Days on market

9

MLS^® Listing#

PW26204455

Property Features

Appliances

Free-Standing Range · Refrigerator · Water Heater

Cooling

Wall/Window Unit(s)

Heating

Wall Furnace

Flooring

Carpet · Laminate · Tile · Vinyl

Fireplace

None

Pool

None

Parking

Assigned

Laundry

Washer Hookup · Gas Dryer Hookup

Fencing

Block · Chain Link · Wood

Lot features

Landscaped

Construction

Stucco · Wood Siding

Foundation

Raised · See Remarks

Roof

Composition

Windows

Screens

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Other structures

Second Garage

Community

Curbs · Sidewalks

Utilities

Cable Connected · Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

7109004005

Directions

On Alondra Blvd, between Woodruff & Bellflower Blvd's