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16811 Lakewood Boulevard, Bellflower, California 90706, Bellflower, 90706 - 3 bed, 1 bath

16811 Lakewood Boulevard, Bellflower, California 90706 home-pic-0
ACTIVE$499,000
16811 Lakewood Boulevard, Bellflower, California 90706
3Beds
1Bath
710Sqft
1,917Lot

Price Vs. Estimate

The estimated value ($437,082.315) is $61,917.685 (12%) lower than the list price ($499,000). This property may be overpriced.

Key pros and cons

Top Pros:
Competitive Price Point: Positioned as the 'Lowest price for a single-family house in Bellflower,' offering an attractive entry point into the market.
Top Cons:
Mandatory Bundle Sale: The property must be sold together with the adjacent commercial property, significantly increasing the overall investment and complexity for a buyer.

Compared to the nearby listings

Price:$499.0K vs avg $800.0K ($-301,000)1%
Size:710 sqft vs avg 1,330 sqft5%
Price/sqft:$703 vs avg $60971%

More Insights

Built in 1952 (73 years old).
Condition: Built in 1952, this property features recently renovated kitchen and bathroom areas, as confirmed by the listing description and images. The kitchen boasts modern white shaker cabinets, stainless steel appliances, and a subway tile backsplash. The bathroom includes a contemporary vanity, updated fixtures, and a tiled shower/tub combo. Newer-looking laminate or vinyl plank flooring is present throughout the main living areas and bedrooms. While the property is older, these significant updates in key areas make it move-in ready with a fresh, modern aesthetic, aligning with the 'Good' score criteria for properties with extensive renovations in critical components within the last 5-15 years.
Year Built
1952
Close
-
List price
$499K
Original List price
$5.25M
Price/Sqft
$703
HOA
-
Days on market
-
Sold On
-
MLS number
PW25040228
Home ConditionGood
Features
Patio
View-

About this home

Lowest price for a single-family house in Bellflower. The price is for a single-family home only at 16811 Lakewood Blvd (APN: 7107008045) and it must be sold together with the commercial property next door at 8858 Flower St (APN 7107008044) which also listed for sale (PW25040230). Both properties are zoned General Commercial (BFCG). The single-family house has 3 rooms (2 room with closet and 1 room without close) with covered patio plus back yard. Kitchen and bathroom have been renovated. It is ideal for owner who lives in house and operating your business next door. Please call the listing agent for viewing. Please do not disturb the current occupants. Seller and Seller’s Broker/Agent do not guarantee accuracy of permits, square footage, room dimensions, lot size, zoning, rent control, use codes, schools, and/or other information concerning the condition or features of the property provided by the seller or obtained from public records and have not been verified by seller or broker. Buyer is advised to independently verify the accuracy of all information and investigate the condition and suitability of all aspects of the property with the appropriate professionals including but not limited to the foregoing. with appropriate professionals.

Price History

Date
Event
Price
07/13/22
Sold
$450,000
Condition Rating
Good
Built in 1952, this property features recently renovated kitchen and bathroom areas, as confirmed by the listing description and images. The kitchen boasts modern white shaker cabinets, stainless steel appliances, and a subway tile backsplash. The bathroom includes a contemporary vanity, updated fixtures, and a tiled shower/tub combo. Newer-looking laminate or vinyl plank flooring is present throughout the main living areas and bedrooms. While the property is older, these significant updates in key areas make it move-in ready with a fresh, modern aesthetic, aligning with the 'Good' score criteria for properties with extensive renovations in critical components within the last 5-15 years.
Pros & Cons

Pros

Competitive Price Point: Positioned as the 'Lowest price for a single-family house in Bellflower,' offering an attractive entry point into the market.
Commercial Zoning (BFCG): The property's General Commercial zoning provides unique flexibility for business operations, future development, or mixed-use potential.
Live/Work Opportunity: Ideal for an owner to reside in the house and operate a business next door, catering to a specific niche market.
Renovated Key Areas: The kitchen and bathroom have been renovated, reducing immediate upgrade costs for the buyer.
Outdoor Living Space: Includes a covered patio and backyard, enhancing the property's livability and providing functional outdoor space.

Cons

Mandatory Bundle Sale: The property must be sold together with the adjacent commercial property, significantly increasing the overall investment and complexity for a buyer.
Buyer Due Diligence Burden: An extensive disclaimer from the seller/broker regarding the accuracy of permits, square footage, zoning, and other details places a substantial verification responsibility on the buyer.
Overpriced Relative to Estimation: The current listing price of $499,000 is 12% higher than the estimated property value of $437,082, which may impact perceived value and financing.

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