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The Roof Gardens 9248 Palm St 9 Unit Apartment Building $5,505,669 CAD ($611,741 CAD/Unit) 4.70% Cap Rate Bellflower, CA 90706
Investment Highlights
- Huge 2 Bedroom 2 Bathroom Townhouse-Style Units
- Washer / Dryer Hookups
- Individually Metered
- Private Rooftop Decks and 2-Car Attached Garages
- Built in 1986
- Value-Add and ADU Potential
Executive Summary
Skyline Commercial Real Estate is introducing the opportunity to acquire The Roof Gardens, a nine unit apartment building located in Bellflower, CA. The property is comprised of very spacious 2 bedroom 2 bathroom townhouse-style units each with a two-car garage, private rooftop deck, washer and dryer hookups, and central A/C making this a highly unique asset rarely available in today's market.
In addition to the two-car garages, there are an additional 7 parking stalls in the rear of the property that provide additional income. This back land area is approximately 1,800 SF providing an investor potential to construct ADU's and generate additional value. Built in 1986, this is a newer built asset with highly desirable units that attract long term tenants at strong rents in a preferable rental market.
In addition to the two-car garages, there are an additional 7 parking stalls in the rear of the property that provide additional income. This back land area is approximately 1,800 SF providing an investor potential to construct ADU's and generate additional value. Built in 1986, this is a newer built asset with highly desirable units that attract long term tenants at strong rents in a preferable rental market.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,505,669 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $611,741 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 4.70% | Building Size | 13,042 SF |
| Gross Rent Multiplier | 14.65 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Bellflower | ||
| Price | $5,505,669 CAD |
| Price Per Unit | $611,741 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.65 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 13,042 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R3, Bellflower |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | 1,450 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7162-017-073 | Improvements Assessment | $2,399,172 CAD (2025) |
| Land Assessment | $1,039,638 CAD (2025) | Total Assessment | $3,438,811 CAD (2025) |
Property Taxes
Parcel Number
7162-017-073
Land Assessment
$1,039,638 CAD (2025)
Improvements Assessment
$2,399,172 CAD (2025)
Total Assessment
$3,438,811 CAD (2025)
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The Roof Gardens | 9248 Palm St
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