Bellflower Multifamily Market Report
Bellflower has a varied economy with jobs in retail, food service, healthcare, and construction being some of the most common. The office sector, professional services, and roles in the education and healthcare segment also play a big part in the local job market. With residents drawn to a variety of job opportunities, Bellflower multifamily properties are a standout for performance.
The city’s population has been steady over the past few years, with around 77,700 residents. This stability supports local businesses and industries, keeping Bellflower’s economy balanced and reliable.
Bellflower Multifamily By the Numbers
- Cap Rate: 4.6%
- Sale Price per Unit: $217K
- Sold Units: 226
- Average Sale Price: $3.3M
- Sales Volume: $49M
- Sale vs. Asking Price: -2.8%
- Months to Sale: 4.0
Bellflower Sales Activity
| Address | ZIP | Units | Year Built | Building SF | Sale Price | Price/Unit | Price/SF | Cap Rate | Sale Date |
| 10025 Alondra Blvd | 90706 | 38 | 1963 | 29,066 | $7,875,000.00 | $207,237.00 | $270.94 | NA | 10/30/24 |
| 10015 Alondra Blvd | 90706 | 40 | 1959 | 21,712 | $6,325,000.00 | $158,125.00 | $235.34 | N/A | 10/30/24 |
| 10024 Foster Rd | 90706 | 4 | 1956 | 3,506 | $1,976,000.00 | $306,250.00 | $349.40 | 3.95% | 10/21/24 |
| 9539 Oak St | 90706 | 4 | 1980 | 5,532 | $1,450,000.00 | $362,500.00 | $262.11 | 3.45% | 10/11/24 |
| 15741 Blaine Ave | 90706 | 32 | 1955 | 16,128 | $5,600,000.00 | $175,000.00 | $347.22 | N/A | 9/20/24 |
| 16108-16114 Cornuta Ave | 90706 | 12 | 1953 | 5,732 | $2,995,000.00 | $241,250.00 | $505.06 | 6.23% | 9/20/24 |
| 15746-15750 Ryon Ave | 90706 | 9 | 1938 | 4,644 | $1,980,000.00 | $220,000.00 | $426.36 | 5.20% | 8/30/24 |
| 10018 Foster Rd | 90706 | 4 | 1956 | 3,506 | $1,267,500.00 | $316,875.00 | $361.52 | 3.20% | 8/12/24 |
| 9108 Palm St | 90706 | 8 | 1960 | 7,619 | $2,004,000.00 | $250,500.00 | $263.03 | 5.47% | 7/18/24 |
| 17100 Downey Ave | 90706 | 22 | 1972 | 18,229 | $5,024,545.00 | $228,388.00 | $275.63 | 4.91% | 6/28/24 |
| 9533-9539 Somerset Blvd | 90706 | 9 | 1955 | 2,920 | $1,765,000.00 | $196,111.000 | $302.54 | 4.76% | 5/10/24 |
| 16829 Chicago Ave | 90706 | 7 | 1984 | 8,916 | $3,200,000.00 | $457,143.00 | $358.91 | N/A | 12/20/24 |
| 15751 Ryon Ave | 90706 | 25 | 1973 | 20,521 | $6,460,000.00 | $258,400.00 | $314.80 | 4.60% | 12/11/24 |
| 10024 Foster Rd | 90706 | 4 | 1956 | 3,506 | $965,950.00 | $241,488.00 | $275.51 | 3.96% | 2/28/24 |
| Averages | 16 | 1961 | 11,432 | $3,491,999.64 | $258,519.07 | $324.88 | 4.6% |
