Description

Situated in the heart of Bellflower, 9339 Ramona St. presents a rare opportunity to acquire a 14-unit apartment complex on an expansive 35,914 square foot lot a land position that is exceptionally difficult to replicate in today's market. The property features an outstanding unit mix anchored by 13 spacious 2-bedroom/1.5-bath townhome-style residences averaging approximately 990 square feet, offering tenants the feel of a single-family home at apartment pricing. The front house is a bungalow-style residence with private garages. Significant capital improvements have already been completed across the property, including new roofs installed on all three buildings, new interior subpanels throughout, and a complete repipe of the 6-unit building at the rear of the property providing a new owner with a well-maintained asset and meaningfully reduced near-term capital expenditure risk. A beautifully landscaped park-like courtyard delivers exceptional outdoor amenity space for residents, while the expansive driveway corridor along the right side of the property presents a compelling ADU development opportunity a significant value-add in California's pro-ADU regulatory environment. Two parking spaces per unit round out the offering, a highly sought-after feature in the Southern California rental market. Bellflower sits at the core of the Southeast Los Angeles County submarket, one of the most resilient rental corridors in the greater LA basin. With 62% of residents renting rather than owning, the city maintains a deeply embedded renter base with consistently strong occupancy. Curr