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Ramona Park Apartments 9900 Ramona St 12 Unit Apartment Building $5,605,563 CAD ($467,130 CAD/Unit) 5.46% Cap Rate Bellflower, CA 90706
Investment Highlights
- One- & Two-Bedroom Floorplans (Avg. 952 SF)
- Value-Add Opportunity
- In-Place RUBS
- Recent Capital Improvements - Including (5) Unit Interiors Renovated, New Roof, Vinyl Windows, Balcony & Deck Upgrades, Wood Repair, Exterior Paint
- On-Site Laundry Room with (2) Washers & (2) Dryers (Leased)
Executive Summary
9900 Ramona Street is a 12-unit value-add opportunity in Bellflower featuring one- and two-bedroom floor plans averaging 952 SF. Recent capital improvements include five renovated interiors, new roof, vinyl windows, balcony and deck upgrades, exterior paint, and updated landscaping. In-place RUBS and on-site laundry.
Property Facts
| Price | $5,605,563 CAD | Property Subtype | Apartment |
| Price Per Unit | $467,130 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.46% | Lot Size | 0.45 AC |
| Gross Rent Multiplier | 11.78 | Building Size | 11,426 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Price | $5,605,563 CAD |
| Price Per Unit | $467,130 CAD |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| Gross Rent Multiplier | 11.78 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 11,426 SF |
| No. Stories | 3 |
| Year Built | 1973 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,565 CAD | 675 |
| 2+2 | 8 | $3,461 CAD | 1,091 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7161-013-007 | Improvements Assessment | $1,650,164 CAD |
| Land Assessment | $3,474,030 CAD | Total Assessment | $5,124,194 CAD |
Property Taxes
Parcel Number
7161-013-007
Land Assessment
$3,474,030 CAD
Improvements Assessment
$1,650,164 CAD
Total Assessment
$5,124,194 CAD
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Ramona Park Apartments | 9900 Ramona St
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