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    16401 Grand Ave

    Bellflower, CA 90706
    • $1,690,000
    • STATUS: Active
    • ON SITE: 163 days
    • ID#: 20-549332
    $1,690,000
    • 11
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,717
      SQFT
    • $296
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Your purchasing power is always stronger when you buy in volume and this massive lot with four individual houses with an additional bonus unit on it is no exception! If this home was sold by itself, you could expect to pay somewhere in the 700's, which means you're getting the other three houses for around 250K each plus a bonus unit. Call your lender and ask them what the cost of ownership would be for a single-family residence at 700 versus if you were to owner-occupy this front home and lease out the other three plus a bonus property at market rents. You will realize the benefit of a single-family residence, with the income/leverage and tax benefits of a multifamily dwelling. The main front home comes with a huge pool with a spa and a gorgeous guest house. This fantastic property has been lovingly maintained with the pride of ownership that can only come from being part of this community here on Grand Ave. Major development opportunity with 31,863 sqft lot zoned BFA1.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T23:42:16.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/102805927
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    16401 Grand Ave Bellflower, CA 90706

    • Price: $1,690,000
    • Status: Active
    • ID#: 20-549332
    11
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,717
    SQFT
    $296
    $/SQFT
    1924
    Built
    Neighborhood:
    Bellflower North Of 91 Frwy, S Of Alondra
    County:
    Los Angeles
    Area:
    Bellflower North Of 91 Frwy, S Of Alondra
    Property Description
    Your purchasing power is always stronger when you buy in volume and this massive lot with four individual houses with an additional bonus unit on it is no exception! If this home was sold by itself, you could expect to pay somewhere in the 700's, which means you're getting the other three houses for around 250K each plus a bonus unit. Call your lender and ask them what the cost of ownership would be for a single-family residence at 700 versus if you were to owner-occupy this front home and lease out the other three plus a bonus property at market rents. You will realize the benefit of a single-family residence, with the income/leverage and tax benefits of a multifamily dwelling. The main front home comes with a huge pool with a spa and a gorgeous guest house. This fantastic property has been lovingly maintained with the pride of ownership that can only come from being part of this community here on Grand Ave. Major development opportunity with 31,863 sqft lot zoned BFA1.
    Exterior Features

    Covered Parking 4 Garage Structures Total 3 Lot Size Area 31863 Other Structures Other Parking Garage AssignedGarageUncovered Paved YN Yes Pool Description In Ground Pool YN Yes Spa In Ground Spa YN Yes Tennis YN No Total Parking 20

    Interior Features

    Baths Total 6.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Fireplace Rooms Gas Heating Other

    Property Features

    Alley YN No Gross Income 111600 Gross Operating Income 111600 Land Lease Type Fee Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 95976.00 Number Of Buildings 4 Number Of Units 4 Rent Control YN No Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 15624 Type Of Units Detached Zoning Bfa1*

    Listing provided courtesy of Yong Woo Steven Bae DRE#02033375 of Masters Realty Group.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T23:42:16.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355