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Key Details
Sold Price $769,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 18382832
Sold Date 12/20/18
HOA Y/N No
Year Built 1955
Lot Size 9,583 Sqft
Acres 0.22
Property Description
***MAJOR PRICE REDUCTION***An amazing 5-unit, fully-leased multi-family property in Bell Gardens. The property is not subject to rent control and is zoned BGR3PD*. The unit mix includes three 2 bedroom, 1 bathroom units as well as two 1 bedroom, 1 bathroom units. Two of the five units in the complex feature their own, private laundry rooms. The complex also features 4 surface parking spots, and 2 surface tandem parking spaces. The current cap rate is 6.3% - landlord has not increased rent for years. Landlord stated that the city will not allow the rebuilding of apartment units on the property as it is non-conforming, however, the property may be rebuilt as industrial.*NON RENT CONTROL WITH LOTS OF UPSIDE*
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning BGR3PD*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Sprinklers None
Story 1
Others
Tax ID 6228022033
Special Listing Condition Standard
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Bought with Jose Delgado • Realty Executives Com. & Res.
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