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Listed by Albert Pacleb • LA Commercial, Inc.
$2,350,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-25172263
Year Built 1920
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Offered at $2,350,000, this fully renovated 7-unit multifamily property at 6221 Corona Ave presents a rare turnkey investment opportunity in a strong rental market. The asset consists of three separate buildings totaling 4,801 square feet on a spacious 10,435 SF lot, with all units comprehensively remodeled in 2025 to a modern standard. The unit mix includes one detached 2 bed/1 bath with a private yard, one 3 bed/2 bath, four 1 bed/1 bath units, and one ADU, providing a balanced blend of rental sizes to attract a wide tenant base. The property is currently 100% occupied, generating a 5.21% cap rate and a GRM of 12.36, with an average price of $335,714 per unit. With seven legal units spread across a low-maintenance layout, this is a perfect opportunity for investors seeking stable income, minimal deferred maintenance, and long-term upside. Whether you're expanding your portfolio or entering the multifamily space, 6221 Corona Ave is a standout value proposition in today's market.
Location
State CA
County Los Angeles
Area Bell Gardens, Bell E Of 710, Commerce S Of 26Th
Zoning R3
Interior
Laundry Inside
Exterior
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available, Phone Available
Building
Lot Description Lawn, Level, Lot 10000-19999 Sqft, Paved, Front Yard, Back Yard
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900