CBRE Facilitates Sale Of Eight-Unit Multifamily Property In Bellflower For $2.004M

A multifamily property consisting of eight units located at 9108 Palm Street in Bellflower, CA, has been sold for $2,004,000. The asset encompasses 7,619 square feet and sits on a 0.43-acre lot, resulting in a price per unit of $250,500 and a price per square foot of $263.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,004,000
• Units: 8
• Price Per Unit: $250,500
• Square Footage: 7,619
• Price Per Square Foot: $263
• Market: Bellflower
• Acres: 0.43
• Brokers: Daniel Blackwell & Sean Farag - CBRE

The transaction was facilitated by CBRE for a private 1031 exchange buyer, highlighting the firm's efforts in sourcing off-market deals. The property presents opportunities for increased returns through renovations while responding to client needs effectively.