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Royal Palms 9240 Palm St 16 Unit Apartment Building $7,246,050 CAD ($452,878 CAD/Unit) 5.66% Cap Rate Bellflower, CA 90706
Investment Highlights
- Great Mix of 1-Bedroom/1-Bath & 2-Bedroom/2-Bath Units
- Strong Bellflower Rental Market Near Major Thoroughfares
- Not Subject to City Rent Control
- Absolute Pride of Ownership, Turn-Key Property
- Large Floorplans with Private Patios
Executive Summary
9240 Palm Street in the City of Bellflower is located in the Los Angeles metropolitan area within Los Angeles County. Bellflower is a family-oriented community of ±76,000 people, located just north of Orange County and Long Beach. Bellflower sits ±14-miles southeast of Downtown Los Angeles, ±3-miles north of Orange County and ±8-miles northeast of the Pacific Coastline and features no municipal rent control.
This investment opportunity consists of (8) 1-bedroom/1-bathroom and (8) 2-bedroom/2-bathroom units. This opportunity features on-site laundry, secure parking, and patios.
This investment opportunity consists of (8) 1-bedroom/1-bathroom and (8) 2-bedroom/2-bathroom units. This opportunity features on-site laundry, secure parking, and patios.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$572,959
|
$42.69
|
| Other Income |
$25,242
|
$1.88
|
| Vacancy Loss |
$17,945
|
$1.34
|
| Effective Gross Income |
$580,255
|
$43.23
|
| Taxes |
$89,509
|
$6.67
|
| Operating Expenses |
$80,912
|
$6.03
|
| Total Expenses |
$170,421
|
$12.70
|
| Net Operating Income |
$409,834
|
$30.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $572,959 |
| Annual Per SF | $42.69 |
| Other Income (CAD) | |
|---|---|
| Annual | $25,242 |
| Annual Per SF | $1.88 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,945 |
| Annual Per SF | $1.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $580,255 |
| Annual Per SF | $43.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $89,509 |
| Annual Per SF | $6.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $80,912 |
| Annual Per SF | $6.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $170,421 |
| Annual Per SF | $12.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $409,834 |
| Annual Per SF | $30.54 |
Property Facts
| Price | $7,246,050 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $452,878 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.66% | Building Size | 13,421 SF |
| Gross Rent Multiplier | 12.11 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | ||
| Zoning | R3 - High-Density Residential | ||
| Price | $7,246,050 CAD |
| Price Per Unit | $452,878 CAD |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Gross Rent Multiplier | 12.11 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 13,421 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | R3 - High-Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
- Handrails
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,637 CAD | - |
| 2+2 | 8 | $3,330 CAD | - |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7162-017-015 | Total Assessment | $4,895,740 CAD |
| Land Assessment | $1,468,719 CAD | Annual Taxes | $89,509 CAD ($6.67 CAD/SF) |
| Improvements Assessment | $3,427,021 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7162-017-015
Land Assessment
$1,468,719 CAD
Improvements Assessment
$3,427,021 CAD
Total Assessment
$4,895,740 CAD
Annual Taxes
$89,509 CAD ($6.67 CAD/SF)
Tax Year
2025
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Royal Palms | 9240 Palm St
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