BELLFLOWER, CALIF. — CBRE has arranged the sale of a 32-unit property located at 15741 Blaine Ave. in Bellflower, located approximately 20 miles south of Los Angeles. The asset traded hands for $5.6 million, or $175,000 per unit.
Built in 1955, the property is located on a 0.71-acre lot near the intersection of Blaine Avenue and Alondra Boulevard. The asset comprises 16,128 square feet of rentable space on a 0.71-acre lot. The gated community offers 31 one-bedroom units and a manager’s two-bedroom unit, as well as 32 parking spaces.
Dan Blackwell of CBRE represented the repeat buyer along with Andrew Boukather, who is now with MBI Equity Partners. Neither party’s identity was disclosed. However, the buyer was from Los Angeles County. The seller was based in Long Beach, California.