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8858 Flower, Bellflower, California 90706, Bellflower, 90706 - bed, bath

8858 Flower, Bellflower, California 90706 home-pic-0
ACTIVE$875,000$1,500/sqft
Est. Value: $804,630
-8%
AboveEstimate
8858 Flower, Bellflower, California 90706
0Bed
0Bath
1,500Sqft
7,015Lot

Price Vs. Estimate

The estimated value ($804,629.66) is $70,370.34 (8%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top 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 = 7015, living area = 1500.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7015, other record lot size in square feet = 5098. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1000.

Compared to the nearby listings

Price:$875.0K vs avg $809.0K (+$66,000)69%
Size:1,500 sqft vs avg 1,329.5 sqft64%
Price/sqft:$583 vs avg $61045%

More Insights

Built in 1941 (85 years old).
Condition: The property, built in 1941, includes a residential unit described as 'remodeled' and a commercial unit. While the residential unit's kitchen features updated white cabinets, dark countertops, and a double sink, and the bathroom has modern-style tiling and a newer vanity, these updates are functional and clean but basic in style and features. The flooring in the residential unit is a mix of tile and laminate, appearing relatively recent. However, the overall quality of the renovation is not extensive enough to elevate a 1941 property to a 'Good' rating, especially considering the presence of wall heaters and basic fixtures. The commercial unit appears to be in a more utilitarian and older condition, as evidenced by its basic bathroom and garage/workshop images. The property is aged but has received some updates, fitting the 'Fair' category where major components are functional but show signs of being outdated, and minor updates or repairs may still be desired.
Year Built
1941
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$583
HOA
-
Days on market
-
Sold On
-
MLS number
PW26013376
Home ConditionFair
Features
Patio
View-

About this home

Tired of paying rent? Dream of owning your own business property and a single family home? Possible SBA financing? Check these two properties out! The listed price is for both properties. It is ideal for owner user operating your business. Property consists of a single family home at 16811 Lakewood Blvd (APN: 7107008045) & one commercial property at 8858 Flower St (APN 7107008044) The listing price is for both properties and both properties must be sold together. Both can be delivered vacant. The commercial property is a rare to find single tenant retail building at a high traffic signalized Intersection at Flower & Lakewood Blvd. It has great street visibility with rooftop signage. It is one of the busiest intersections in Bellflower. Very close to the 91 Freeway. The shop/office space is approximately 760 sqft. It also has enclosed yards and extra large garage space as additional area for storage and work shop. It is zoned Commercial (BFCG*) and has plenty of onsite parking to accommodate many different businesses. The commercial property is currently for lease. It is ideal for a retail store/showroom or office. The remodeled single family home has 3 rooms (2 bedroom plus den plus covered patio) which is on a separate parcel. The single-family home is currently tenant occupied. An owner-user investor may qualify for up to 90% SBA financing or occupy the residential house (on a separate parcel) or lease out one or both properties. Due to its busy signalized location, easy access to 91 freeway, the possibility is endless for either owner occupied or investment or future development. Please call the listing agent for viewing. 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.

N
Nan Liu
Listing Agent

Price History

Date
Event
Price
07/13/22
Sold
$450,000
Condition Rating
Fair
The property, built in 1941, includes a residential unit described as 'remodeled' and a commercial unit. While the residential unit's kitchen features updated white cabinets, dark countertops, and a double sink, and the bathroom has modern-style tiling and a newer vanity, these updates are functional and clean but basic in style and features. The flooring in the residential unit is a mix of tile and laminate, appearing relatively recent. However, the overall quality of the renovation is not extensive enough to elevate a 1941 property to a 'Good' rating, especially considering the presence of wall heaters and basic fixtures. The commercial unit appears to be in a more utilitarian and older condition, as evidenced by its basic bathroom and garage/workshop images. The property is aged but has received some updates, fitting the 'Fair' category where major components are functional but show signs of being outdated, and minor updates or repairs may still be desired.
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 = 7015, living area = 1500.
Mixed-Use Investment Opportunity: This offering includes two distinct properties (commercial and residential) on separate parcels, sold together, providing a unique opportunity for diversified income streams or an owner-user strategy.
High-Visibility Commercial Location: The commercial property boasts a prime corner location at a signalized intersection (Flower & Lakewood Blvd), ensuring high traffic exposure, excellent street visibility, and convenient access to the 91 Freeway.
SBA Financing Eligibility: The property is ideal for owner-users, with potential eligibility for up to 90% SBA financing, significantly reducing the initial capital investment required.
Versatile Commercial Zoning: Zoned Commercial (BFCG*), the commercial parcel offers flexibility for a wide range of businesses such as retail, showroom, or office space, complemented by ample onsite parking.
Remodeled Residential Component: The single-family home has been remodeled, providing a comfortable and updated living space or a ready-to-rent residential unit on its own separate parcel.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7015, other record lot size in square feet = 5098. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1000.
Mandatory Dual Purchase: The requirement to purchase both the commercial and residential properties together limits the potential buyer pool and may complicate financing for those primarily interested in only one component.
Tenant Occupied Residential Unit: The single-family home is currently tenant-occupied, which could necessitate tenant relocation procedures or require a buyer willing to assume an existing tenancy, adding a layer of complexity to the acquisition.
Age and Due Diligence Burden: Built in 1941, the properties, despite a remodeled residential unit, may have older infrastructure in the commercial component. The explicit 'as-is' disclaimer places a significant burden on the buyer for thorough independent verification of all property details and conditions.
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