9324 Mandale Street, Bellflower, California 90706, Bellflower, 90706 - bed, bath
ACTIVE$1,499,900
9324 Mandale Street, Bellflower, California 90706
0Bed
0Bath
4,950Sqft
12,997Lot
Year Built
1941
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$303
HOA
-
Days on market
-
Sold On
-
MLS number
PW24241668
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.50M(67th), sqft - 4950(89th), beds - undefined(50th), baths - undefined(50th).
Investor’s Dream! This rare multi-unit property offers endless potential with a duplex, an ADU, and additional separate 1 bedroom/ 1 bath living quarters—ready for you to complete. Nestled on a generous 13,000 sq. ft. lot in a desirable, established neighborhood, the possibilities for passive income and cash flow are immense. Conveniently bordering both Downey, with dining, shopping, and entertainment at every corner. This property combines prime location with lucrative investment opportunities. Bring your vision and finishing touches to maximize its full potential!
Price History
Date
Event
Price
11/29/24
Listing
$1,499,900
06/17/22
Sold
$1,070,000
Condition Rating
Poor
Built in 1941, this multi-unit property presents a highly inconsistent condition across its various units. While some units feature recently updated kitchens with white shaker cabinets, recessed lighting, and laminate flooring (e.g., images 6, 7, 8, 9, 10), another unit (images 2, 3, 4) displays a very dated kitchen with original-style wood cabinets, old linoleum flooring, and outdated wallpaper. Furthermore, the listing explicitly states an 'additional separate 1 bedroom/ 1 bath living quarters—ready for you to complete,' indicating a significant portion of the property is unfinished and requires substantial investment. The overall property requires significant rehabilitation and modernization to bring all units to a consistent, rentable standard, aligning with the 'Poor' condition criteria for substantial repairs and rehabilitation.
Pros & Cons
Pros
Exceptional Income Potential: This rare multi-unit property, classified as a quadruplex (duplex, ADU, and an additional 1-bed/1-bath unit), offers immense possibilities for passive income and cash flow, making it an 'Investor's Dream'.
Generous Lot Size: Nestled on a substantial 13,000 sq. ft. lot, the property provides ample space for tenants, potential outdoor amenities, or future expansion opportunities.
Strategic Location: Situated in a desirable, established Bellflower neighborhood, conveniently bordering Downey, offering easy access to diverse dining, shopping, and entertainment options.
Significant Value-Add Opportunity: The property is presented with 'endless potential' and requires 'finishing touches,' allowing a new owner to bring their vision and maximize its value and rental income.
Residential Income Property Type: Explicitly categorized as 'Residential Income' and a 'Quadruplex,' it is perfectly positioned for investors seeking a dedicated income-generating asset.
Cons
Incomplete Unit Requiring Investment: The additional 1-bedroom/1-bath living quarters are 'ready for you to complete,' indicating a necessary upfront investment of time and capital before it can generate income.
Need for Finishing Touches/Renovation: The description implies the property requires 'finishing touches' and a 'vision' to maximize its full potential, suggesting existing units may need renovation or modernization to command top rents.
Age of Property: Built in 1941, the property is older, which may lead to higher maintenance costs, potential for outdated systems, and the need for significant upgrades to meet modern standards and tenant expectations.