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$3,995,000

Beds
Unknown
sq ft
12,704

9116 Palm St, Bellflower, CA 90706

9116 Palm St

Bellflower, CA 90706

  • 99 days on market
    • Price drop $203,000↓
A wonderful opportunity to own a well maintained 16 unit apartment in Bellflower. 8 units are 2 Bedroom, 1.5 Bath, appox. 875 Sqft. and 8 units are 1 Bedroom, 1 Bath, approx. 620 Sqft. 5 units have patio, 5 units have balcony/deck, and 3 units have backyard. Laundry Room has 5 washers and 4 dryers (2 stacked units) that are owned. 1 large storage/office area, approx. 500Sqft with bathroom. Gross income is approx. $27,750 per month. Gated Complex with Remote/Code Access Car Entry. 25 Parking Spaces. Newer iron fence, Newer concrete parking lot, Newer water heater. Palm Street Park is located across the street with playgrounds for kids and numerous picnic tables. Perfect for gatherings and enjoying the outdoors. Conveniently located restaurants, banks, schools, shopping centers, parks, and more! Easy access to the 91, 605, 710 Freeways.

Details

Property type

Apartment

Est. home value

$4,331,771

Lot size

0.4493 acres

Price per sq ft

$315

Year built

1963

Price History

06/20/2024
CRMLS

CRMLS #OC24059675

Price change
$3,995,000
-4.84%
03/26/2024
CRMLS

CRMLS #OC24059675

Listed
$4,198,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2018

Original loan amount

$960,000

Est. remaining balance

Not provided

Interest rate

3.57%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Long Chan Lim and Sandy Chau

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 11:20 AM

Listing updated: 06/20/2024 at 3:13 PM

Listed by: Kevin Liang, KW Spectrum Properties Phone #: (949) 305-0347

MLS: CRMLS #OC24059675

CRMLS logo

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