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$ 2,116,000
Est. payment | /mo
18 Beds
11 Baths
8,298 SqFt
$ 2,116,000
Est. payment | /mo
18 Beds
11 Baths
8,298 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,298 sqft
Price per Sqft $255
MLS Listing ID 26993287
Bedrooms 18
HOA Y/N No
Year Built 1987
Lot Size 0.445 Acres
Property Description
Rarely available investment opportunity in Bell Gardens! Built in 1987, this well-maintained multifamily property features 9 permitted 2-bedroom units, including 2 two-story townhouse-style units, plus an on-site manager's unit. Situated on an approximately 19,385 SF lot with approximately 8,298 SF of building area. Based on the 9 legal rental units, current scheduled gross income is approximately $187,734/year ($15,645/month including laundry). At the asking price of $2,116,000, the property offers a 6.36% CAP Rate and 11.45 GRM based on 9-unit rental income, with approximately 40% rental income upside potential. Electrical system upgrades completed, with approximately 24 on-site parking spaces. Conveniently located near the 710 & 5 Freeways, providing easy access to surrounding cities and Los Angeles. Ideal opportunity for investors seeking stable income, value-add potential, and a 1031 Exchange.
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning BGR3*
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Garage, Side By Side, Uncovered
Garage Spaces 7.0
Garage Description 7.0
Pool None
Total Parking Spaces 24
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6227020004
Special Listing Condition Standard
Listed by Ki Seon Im Ivy Realty Co. #01860439
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