9201 Cedar Street, Bellflower, California 90706, Bellflower, 90706 - 2 bed, 1 bath
ACTIVE$2,000,000
9201 Cedar Street, Bellflower, California 90706
2Beds
1Bath
1,415Sqft
20,519Lot
Year Built
1955
Close
-
List price
$2M
Original List price
$2.8M
Price/Sqft
$1,413
HOA
-
Days on market
-
Sold On
-
MLS number
PW24142668
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $2.00M(99th), sqft - 1415(57th), beds - 2(24th), baths - 1(31th).
***Builder's Dream*** A Great Opportunity to Build 6U. APT or Townhomes on 20,519 SQ.FT.*** R-2 Zone Lot*** Land Value*** Rare to Find*** Good Neighborhood in Bellflower*** Currently Single Family Residence, 2BR + 1BA (Appx. 1,415 sq.ft) is on the Premises***Buyer and Buyer's Agent Should Verify and Satisfy the Lot Size, Permits and Feasibility of The Property***
Price History
Date
Event
Price
05/23/97
Sold
$176,000
Condition Rating
Tear down
The property was built in 1955, making it 69 years old. The listing explicitly markets it as a 'Builder's Dream' with 'Land Value,' stating the existing single-family residence 'is likely an old structure that will require demolition.' There are no interior images provided, which strongly suggests the interior, including the kitchen and bathroom, is in unlivable or extremely poor condition and not considered a selling point. The property's value is clearly based on the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20519, living area = 1415.
Exceptional Development Potential: Marketed as a 'Builder's Dream,' the property offers a rare opportunity to construct 6 apartment units or townhomes, maximizing land utility and potential returns.
Generous Lot Size: A substantial 20,519 sq.ft. lot provides ample space for a significant multi-unit development project, a rare find in urban areas.
Favorable R-2 Zoning: The R-2 zoning directly supports the proposed multi-unit development, confirming the feasibility of building apartments or townhomes.
Significant Price Reduction: The list price has been reduced from an original $2.8M to $2M, potentially offering a more attractive entry point for developers.
Desirable Neighborhood: Located in a 'Good Neighborhood in Bellflower,' which can enhance the marketability and future value of the developed units.
Cons
Existing Structure as a Liability: The current 1955 single-family residence (1,415 sq.ft.) is likely an old structure that will require demolition, adding to initial project costs and timelines.
Extensive Due Diligence Required: The listing explicitly states buyers must verify lot size, permits, and feasibility, indicating potential complexities and costs associated with the development process.
Limited Buyer Pool: The property's primary value is in its development potential, narrowing the target market primarily to experienced builders and investors, rather than typical residential buyers.