Just Closed: 9 Units | Downey, CA

Details

  • Price: $2,100,000
  • Cap Rate: 4.55%
  • GRM: 14.12
  • Cost per SF: $367.65
  • Cost per unit: $233,333
  • Year Built: 1947
  • Square Footage: 5,712
  • Lot Size: 10,739 SF
  • Units: 9
  • No. Stories: 2
  • Parking : 9 spaces
  • Transaction Type: Sold
  • Zoning: R3
  • Building Class: C
  • APN/Parcel ID: 6284-015-001

Just Closed: 11702 Bellflower Blvd. | Downey, CA

Invest In Results | Grow Your Legacy

– lucrumre.com

 

Agents: Raymond A. Rodriguez | Mathew Freedman

Team: Lucrum Real Estate Group

 

Lucrum Group of KW Commercial is thrilled to announce our latest closing, a re-sale for the second time of a 9 unit multifamily investment property in Downey, CA. Matthew Freedman & Raymond A. Rodriguez represented the Seller in this disposition, a family office and Legacy Partner we have represented in several acquisitions and dispositions in the past. We are proud and grateful to share that within less than 12 months of helping our clients to close on the property,  we were successful in helping them flip it for 25% more than they purchased it for.

Congrats to our client and friend for another successful transaction!

Thank you to ALL involved who helped make this sale possible. On to the next one!!!

Contact us to grow your legacy through investment in commercial and residential real estate investments.

 

By: Lucrum
November 13, 2020

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Mathew Gates Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Mathew Gates Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

Details

  • Price: $2,100,000
  • Cap Rate: 4.55%
  • GRM: 14.12
  • Cost per SF: $367.65
  • Cost per unit: $233,333
  • Year Built: 1947
  • Square Footage: 5,712
  • Lot Size: 10,739 SF
  • Units: 9
  • No. Stories: 2
  • Parking : 9 spaces
  • Transaction Type: Sold
  • Zoning: R3
  • Building Class: C
  • APN/Parcel ID: 6284-015-001

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