9339 Ramona Street

Situated in the heart of Bellflower, 9339 Ramona St.​ presents a rare opportunity to acquire a 14-unit apartment complex on an expansive 35,914 square foot lot — a land position that is exceptionally difficult to replicate in today's market.​ The property features an outstanding unit mix anchored by 13 spacious 2-bedroom/1.5-bath townhome-style residences averaging approximately 990 square feet, offering tenants the feel of a single-family home at apartment pricing.​ The front house is a bungalow-style residence with private garages.​ Significant capital improvements have already been completed across the property, including new roofs installed on all three buildings, new interior subpanels throughout, and a complete repipe of the 6-unit building at the rear of the property — providing a new owner with a well-maintained asset and meaningfully reduced near-term capital expenditure risk.​ A beautifully landscaped park-like courtyard delivers exceptional outdoor amenity space for residents, while the expansive driveway corridor along the right side of the property presents a compelling ADU development opportunity — a significant value-add in California's pro-ADU regulatory environment.​ Two parking spaces per unit round out the offering, a highly sought-after feature in the Southern California rental market.​

Bellflower sits at the core of the Southeast Los Angeles County submarket, one of the most resilient rental corridors in the greater LA basin.​ With 62% of residents renting rather than owning, the city maintains a deeply embedded renter base with consistently strong occupancy.​ Current average rents for 2-bedroom units in Bellflower sit at approximately $2,480 per month — running 18% above the national average — and have shown steady year-over-year growth.​ For investors, this translates directly into opportunity: with approximately 45% upside potential in current rents, this asset offers a clear, executable path to significantly increased income without the risk or cost of having to replace major systems.​ In a submarket defined by high housing demand, limited new supply, and durable rental fundamentals, 9339 Ramona Street represents a compelling value-add acquisition in one of Southern California's most stable rental markets.​