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Listed by Kristopher German • RE/MAX 2000 REALTY
$1,675,000
Est. payment /mo
4,266 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,266 sqft
Price per Sqft $392
MLS Listing ID CRCV25059650
HOA Y/N No
Year Built 1955
Lot Size 7,571 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
*NEW PRICE* We are pleased to exclusively offer for sale this 7 Unit "Cash-Cow" property located in the city of Bell. Priced at a current 6.90% CAP Rate, 10 GRM, this property is optimally configured with a variety of living spaces, including one 2-Bedroom/1-Bathroom unit, four 1-Bedroom/1-Bathroom units, and two Studio apartments, collectively comprising 4,266 rental square feet set on a 7,571 square foot lot. Each unit is separately metered for electricity and gas, allowing for straightforward utility handling. The majority of the plumbing has been upgraded to copper, ensuring longevity and reducing maintenance requirements. Tenant amenities include onsite garage parking and a laundry facility, adding significant value and convenience for residents, and enhancing tenant retention. Financially, this property stands out with a current 6.90% CAP Rate and a 10.04 Gross Rent Multiplier, indicating strong existing cash-flow that will be advantageous for investors from the close of escrow. This multi-family offering represents an excellent opportunity for investors seeking a stable property, with great in place cash-flow, with plenty of potential for the future.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Exterior
View None
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