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Listed by Karen Gee • Pinnacle Real Estate Group
$1,750,000
Est. payment /mo
5,351 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,351 sqft
Price per Sqft $327
MLS Listing ID AR-25169437
Year Built 1962
Lot Size 0.572 Acres
Property Sub-Type Single Family Residence
Property Description
Prime investment opportunity in the heart of Bell Gardens! This income-generating property sits on a large \~25,000 sq ft lot and features five freshly repainted buildings (as of July). With tenants covering their own utilities and the owner responsible only for trash, operating expenses remain low. The site offers plenty of on-site parking and is located near major retailers like Walmart, Sprouts, Target, and Parkwest Bicycle Casino. Adjacent to a newly built 7-unit condo development, the property also presents strong redevelopment potential. Estimated cap rate of 4.5-5% makes this a compelling addition to any investor's portfolio.
Location
State CA
County Los Angeles
Area Bell Gardens, Bell E Of 710, Commerce S Of 26Th
Zoning BGR3-R3PD*
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Sidewalks
Building
Lot Description Paved, 0-1 Unit/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900