9713 Cedar Street, Bellflower, California 90706, Bellflower, 90706 - bed, bath

9713 Cedar Street, Bellflower, California 90706 home-pic-0
ACTIVE$2,750,000
9713 Cedar Street, Bellflower, California 90706
0Bed
0Bath
5,334Sqft
19,067Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Redevelopment Potential: The generous 19,067 sq. ft. lot, BFR3 zoning, and precedent of nearby 12-unit complexes offer substantial future development opportunities.
Top Cons:
Age of Structures: Built in 1962, the existing bungalow-style units may require significant capital expenditure for renovations, modernization, or deferred maintenance to maximize rental appeal or prepare for redevelopment.

Compared to the nearby listings

Price:$2.75M vs avg $515.0K (+$2,235,000)91%
Size:5,334 sqft vs avg 1,017 sqft91%
Price/sqft:$516 vs avg $52545%

More Insights

Built in 1962 (63 years old).
Condition: Built in 1962, this multi-unit property is significantly aged. While it's currently generating income, the listing description and AI analysis explicitly state that the existing units 'may require significant capital expenditure for renovations, modernization, or deferred maintenance.' The exterior images show dated bungalow-style structures with no apparent recent major renovations. Without interior photos, it's reasonable to infer that the kitchens, bathrooms, and other interior features are outdated and would require substantial updates to meet current standards. The property is functional enough to be rented, but it clearly shows its age and is not move-in ready by modern standards, aligning with the 'fair' condition criteria of being aged but maintained, with major components showing signs of being outdated.
Year Built
1962
Close
-
List price
$2.75M
Original List price
$3M
Price/Sqft
$516
HOA
-
Days on market
-
Sold On
-
MLS number
PW25085748
Home ConditionFair
Features
View-

About this home

Investor’s Dream in the Heart of Bellflower! An exceptional investment opportunity at 9713 Cedar Street in Bellflower, CA—a rare find with major potential for expansion and strong existing cash flow. Situated on a generous 19,633 sq. ft. lot zoned BFR3, this multi-unit bungalow-style property is primed for both immediate rental income and future development. The current setup includes six units across four structures: • A charming 3-bedroom, 1-bathroom front house • Two separate units each with two 2-bedroom, 1-bathroom units • A cozy 1-bedroom, 1-bathroom unit • Two detached garages for added rental income • On-site community laundry room for tenant convenience. Zoning and lot size mirror nearby properties that have already been successfully redeveloped into 12-unit complexes, highlighting the significant upside potential. With numerous large-scale new developments in the surrounding area, this property sits in a growth corridor that’s gaining momentum fast. The current cap rate outperforms comparable properties on the market—perfect for the savvy investor looking for both stability and opportunity. Motivated seller, priced to sell! Don’t miss your chance to own a piece of rapidly growing Bellflower. Explore the possibilities and imagine what you could build here. Schedule a viewing today and see the potential for yourself!

Price History

Date
Event
Price
04/14/00
Sold
$380,000
07/28/99
Sold
$333,818
01/21/22
Sold
$2,300,000
Condition Rating
Fair

Built in 1962, this multi-unit property is significantly aged. While it's currently generating income, the listing description and AI analysis explicitly state that the existing units 'may require significant capital expenditure for renovations, modernization, or deferred maintenance.' The exterior images show dated bungalow-style structures with no apparent recent major renovations. Without interior photos, it's reasonable to infer that the kitchens, bathrooms, and other interior features are outdated and would require substantial updates to meet current standards. The property is functional enough to be rented, but it clearly shows its age and is not move-in ready by modern standards, aligning with the 'fair' condition criteria of being aged but maintained, with major components showing signs of being outdated.
Pros & Cons

Pros

Significant Redevelopment Potential: The generous 19,067 sq. ft. lot, BFR3 zoning, and precedent of nearby 12-unit complexes offer substantial future development opportunities.
Strong Existing Cash Flow: The property boasts a high cap rate that outperforms comparable properties, ensuring immediate and stable rental income for investors.
Diversified Multi-Unit Income: Six existing units across four structures provide multiple income streams, reducing vacancy risk and enhancing overall profitability.
Strategic Growth Corridor Location: Situated in a rapidly developing area of Bellflower with numerous new projects, indicating strong appreciation potential and rental demand.
Additional Revenue Streams: Detached garages and an on-site community laundry room contribute to increased rental income and tenant convenience.

Cons

Age of Structures: Built in 1962, the existing bungalow-style units may require significant capital expenditure for renovations, modernization, or deferred maintenance to maximize rental appeal or prepare for redevelopment.
High Redevelopment Investment: While offering potential, realizing the full 12-unit development requires substantial capital investment, extensive planning, and navigating regulatory processes.
Property Type Inconsistency: The listing's 'Condominium' sub-type contradicts the 'multi-unit bungalow-style' description, which could lead to confusion regarding financing, legal structure, or future development implications.

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