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Donnie Bowen

[email protected] +1(949) 290-9754

$ 4,199,000

Est. payment | -/mo

0.82 Acres Lot

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$ 4,199,000

Est. payment | -/mo

Save

0.82 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26130465

HOA Y/N No

Year Built 1973

Lot Size 0.824 Acres

Property Sub-Type Apartment

Property 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. Current average rents for 2-bedroom units in Bellflower sit at approximately $2,480 per month — running 18% above the national average — and have shown steady year-over-year growth. For investors, this translates directly into opportunity: with approximately 45% upside potential in current rents, this asset offers a clear, executable path to significantly increased income without the risk or cost of having to replace major systems. In a submarket defined by high housing demand, limited new supply, and durable rental fundamentals, 9339 Ramona Street represents a compelling value-add acquisition in one of Southern California's most stable rental markets.

Location

State CA

County Los Angeles

Area Rf - Bellflower South Of 91 Frwy

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

Total Parking Spaces 2

Private Pool No

Building

Lot Description 11-15 Units/Acre, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7162013025

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Justin White Justin White 714.231.2537, DRE #01267826

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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9339 Ramona Bellflower, CA 90706