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    16651 California Ave

    Bellflower, CA 90706
    • $1,800,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 20-564784
    $1,800,000
    • 10
      BEDS
    • 0.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,087
      SQFT
    • $440
      $/SQFT
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    School District:

    Description

    Fantastic investment opportunity! Rare find with a massive 40,827 sq/ft lot with 5 detached individual homes and huge yards that can generate market rent! This is the largest single lot currently on the market in the surrounding area and is zoned Agricultural Residential. Uses of the land can include nurseries, orchards, tree farms, and equestrian facilities. Each unit is set up with interior laundry hookups & private yard. Tenants pay for gas and electricity. Property has been meticulously maintained with pride of ownership and 3 of the units (16651, 16653, & 16653) are nicely renovated throughout including kitchen and bathroom. Plenty of onsite parking and wide open space in the backyard with major development opportunities. Owner's unit #16659 & #16655 will be delivered vacant at COE.

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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/104328991
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    16651 California Ave Bellflower, CA 90706

    • Price: $1,800,000
    • Status: Active
    • ID#: 20-564784
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.94
    Acres
    4,087
    SQFT
    $440
    $/SQFT
    1939
    Built
    Neighborhood:
    Bellflower North Of 91 Frwy, S Of Alondra
    County:
    Los Angeles
    Area:
    Bellflower North Of 91 Frwy, S Of Alondra
    School District:
    Bellflower Unified
    Property Description
    Fantastic investment opportunity! Rare find with a massive 40,827 sq/ft lot with 5 detached individual homes and huge yards that can generate market rent! This is the largest single lot currently on the market in the surrounding area and is zoned Agricultural Residential. Uses of the land can include nurseries, orchards, tree farms, and equestrian facilities. Each unit is set up with interior laundry hookups & private yard. Tenants pay for gas and electricity. Property has been meticulously maintained with pride of ownership and 3 of the units (16651, 16653, & 16653) are nicely renovated throughout including kitchen and bathroom. Plenty of onsite parking and wide open space in the backyard with major development opportunities. Owner's unit #16659 & #16655 will be delivered vacant at COE.
    Exterior Features

    Carport Spaces Total 2 Covered Parking 5 Direction Faces East Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 2 Lot Description AgriculturalAutomatic GateBack YardGated CommunityHorse PropertyLot Shape-Rectangular Lot Location City Lot Size Area 40827 Other Structures Accessory BldgsOther Parking Garage Auto Driveway GateCarport AttachedControlled EntranceDriveway - ConcreteGarageGarage Is DetachedGatedRv AccessRv PossibleShared Driveway Patio Features Deck(S) Pool Description Above Ground Pool YN Yes Roof Shingle Tennis YN No Total Parking 30

    Interior Features

    Baths Total 5.00 Cooking Appliances GasRange Cooling Air ConditioningCentralWall/WindowOther Den No Dining Room No Equipment DishwasherGas Dryer HookupRange/OvenRefrigeratorWasherOther Family Room No Fireplace Rooms Living Room Flooring CarpetHardwoodLaminateVinyl Foundation Details Raised Heating CentralFireplaceNatural GasWall GasOther Interior Features Drywall Walls Laundry In UnitInside Laundry Equipment Own Water Heater Features GasTankless Windows Double Pane Windows

    Property Features

    Electric Expense 0.00 Elevator Expense 0.00 Garage Income 0.00 Gardener Expense 2600.00 Gross Income 127800 Gross Operating Income 127800 Insurance Expense 4300.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Maintenance Expense 0.00 Management Expense 0.00 Monthly Gross Income 10650.00 Net Operating Income 100800.00 Number Of Buildings 5 Number Of Units 5 Owner Pays GardenerWaterOther Property Condition Additions/AlterFixerUpdated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Automatic Gate Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 27000 Trash Expense 0.00 Type Of Units Detached Water Meter On PropertyPublic Water Expense 165.00 Water Heaters YN Yes Year Built Source Assessor 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