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We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 65% upside in rents and nearly a 6% cap rate on market rents. MLS® ID: 22196779 Listed: 9/6/22 Updated: 10/17/22 Interior Features Total Bedrooms: 10 Total Bathrooms: 10 Cooling: Wall/Window Unit(s) Heating: Wall Furnace Exterior/Building Features Lot Size: 0.33 acres lot Sewer: Other Other Property Details Area Name: RJ - Bellflower N of Alondra, W of Bellflower Garage: No Parking: Covered Parking Total: 9.0 View: N County: Los Angeles Pool: No Total Stories: 1 Zoning: BFR3YY Property History Date Event Price Value 10/11/22 Price Change $2,325,000 -4% Courtesy of Skyline Commercial Real Estate, David Oronoz, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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