Property Detail

Description

Rarely available investment opportunity in Bell Gardens! Built in 1987, this well-maintained multifamily property features 9 two 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 6.30% 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.