9833 Walnut, Bellflower, California 90706, Bellflower, 90706 - bed, bath

9833 Walnut, Bellflower, California 90706 home-pic-0
ACTIVE$1,400,000
9833 Walnut, Bellflower, California 90706
0Bed
0Bath
2,142Sqft
6,868Lot
Year Built
1954
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$654
HOA
-
Days on market
-
Sold On
-
MLS number
SB25243644
Home ConditionPoor
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(67th), sqft - 2142(50th), beds - undefined(50th), baths - undefined(50th).

9833 Walnut Street offers a rare opportunity to acquire three detached homes on a single lot in the heart of Bellflower. Situated just blocks from Downtown Bellflower, Bellflower Blvd, and Hollywood Sports Park, the property provides a walkable and convenient location in a strong rental market. The property features a total of 2,142 square feet of living area on a 6,868 square foot lot, with a unit mix of (3) 2-bedroom/1-bath homes, each equipped with a private 1-car garage. All three dwellings have new plumbing and roofs that were replaced approximately three years ago, providing peace of mind and reduced maintenance for the next owner. This property is an ideal opportunity for an owner-user or investor to renovate and capture market rents across the property. At a 3.68% CAP rate and $466,667 per unit, the asset offers both stability and long-term upside. With its central location, multiple income streams, and flexible ownership potential, 9833 Walnut Street stands out as a well-positioned investment opportunity in one of Bellflower’s most accessible neighborhoods.

Price History

Date
Event
Price
10/21/25
Listing
$1,400,000
05/05/97
Sold
$208,181
Condition Rating
Poor

Built in 1954, the property is 70 years old. While plumbing and roofs were replaced approximately three years ago, the interior images reveal very dated kitchens and bathrooms with old appliances, cabinets, fixtures, and flooring, requiring substantial renovation. The presence of window AC units instead of central HVAC further indicates a lower condition. The listing description itself highlights the need for renovation to 'capture market rents' and lists 'Required Capital for Renovation' as a weakness, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation for the living spaces.
Pros & Cons

Pros

Multiple Income Streams: The property features three detached 2-bedroom/1-bath units, providing diversified rental income and enhanced investment stability.
Recent Major System Upgrades: New plumbing and roofs, replaced approximately three years ago, significantly reduce immediate capital expenditure and offer peace of mind for major structural components.
Prime Walkable Location: Situated blocks from Downtown Bellflower, Bellflower Blvd, and Hollywood Sports Park, the property benefits from a strong rental market and high tenant demand due to its convenience.
Significant Value-Add Potential: Offers a clear opportunity for renovation to capture higher market rents, promising substantial long-term appreciation and increased cash flow for investors.
Flexible Ownership Opportunity: Appeals to both owner-users looking to offset living costs and pure investors seeking a multi-unit asset, broadening its market appeal.

Cons

Required Capital for Renovation: Achieving full market rents and maximizing investment potential necessitates additional capital investment for interior renovations beyond the recently updated plumbing and roofs.
Age of Property: Built in 1954, the property is 70 years old, suggesting other original systems (e.g., electrical, HVAC, windows) may require future maintenance or costly upgrades not covered by recent improvements.
Modest Current CAP Rate: The reported 3.68% CAP rate indicates that current income is relatively low compared to the asking price, implying that significant upside is contingent on future renovations and rent increases.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state