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Key Details
Sold Price $1,039,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23022526
Sold Date 04/24/23
Bedrooms 5
HOA Y/N No
Lot Size 0.276 Acres
Property Description
5715 Priory St is an excellent 5-Unit investment opportunity in the city of Bell Gardens situated on an oversized 12,000+ sqft lot and comprised of three single-story buildings in a garden-like setting. The property has wonderful curb appeal with newly painted exteriors, private porches and open green areas between each building. The front unit features a large fenced-in yard, providing valuable additional space and a potential opportunity for further development. In addition, there is gated parking for 7 vehicles as well as a currently underutilized stand-alone garage structure with three single-car garages providing even more income potential. This property benefits from an extremely low vacancy rate, stable rents and an attractive central location with a consistently high demand for rentals. Each unit is individually metered for electricity and gas, keeping ongoing expenses low. Dont miss this amazing value-add opportunity to take an already successful investment and maximize it to its full potential.
5715 Priory St is an excellent 5-Unit investment opportunity in the city of Bell Gardens situated on an oversized 12,000+ sqft lot and comprised of three single-story buildings in a garden-like setting. The property has wonderful curb appeal with newly painted exteriors, private porches and open green areas between each building. The front unit features a large fenced-in yard, providing valuable additional space and a potential opportunity for further development. In addition, there is gated parking for 7 vehicles as well as a currently underutilized stand-alone garage structure with three single-car garages providing even more income potential. This property benefits from an extremely low vacancy rate, stable rents and an attractive central location with a consistently high demand for rentals. Each unit is individually metered for electricity and gas, keeping ongoing expenses low. Dont miss this amazing value-add opportunity to take an already successful investment and maximize it to its full potential.
Location
State CA
County Los Angeles
Area Bell (90201)
Zoning Assessor
Exterior
Parking Features Unit1:Assigned
Building
Lot Description Curbs, Sidewalks
Level or Stories 1 Story
Others
Acceptable Financing Cash
Space Rent $1,300
Listing Terms Cash
Financing Conventional
Special Listing Condition Probate Sbjct to Overbid
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Bought with Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc.
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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