Description

9248 Palm Street offers a rare, fully leased institutional-quality multifamily investment in Bellflower, California. Built in 1986 and meticulously maintained, this 13,042 square-foot asset delivers immediate, stable cash flow with a current net operating income of $191,153 and a 5.17 percent capitalization rate. Priced at $3,699,000—or just $283.62 per square foot—this offering represents a compelling value proposition for investors seeking reliable, long-term returns.

The building’s versatile design accommodates nine townhome style units with roof decks, each averaging approximately 1,449 square feet.. Situated on a 0.445-acre parcel, the property benefits from quality location, ample parking, and direct access garages, with a gross rent multiplier of 13.56. These market-leading metrics underscore the asset’s ability to outperform typical Southern California office benchmarks.

Strategically positioned in the Bellflower submarket with immediate access to the 91, 405 and 605 freeways, the property offers exceptional regional connectivity and visibility. Tenants and visitors alike benefit from proximate retail, dining and service amenities along the city’s commercial corridor, while major Los Angeles County employment centers remain within easy reach. Strong local demographics and limited new multifamily supply in the area further bolster long-term growth prospects.

For investors pursuing a hands-off, cash-flowing acquisition, 9248 Palm Street delivers an attractive yield today with upside potential through increasing rents and operational improvement. Whether expanding an existing portfolio or securing a cornerstone asset in a high-barrier-to-entry market, this opportunity blends institutional-grade quality, stable occupancy and strategic location to create a distinguished investment.