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Key Details
Sold Price $1,075,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23029595
Sold Date 07/19/23
Bedrooms 7
HOA Y/N No
Lot Size 0.252 Acres
Property Description
BACK ON MARKET! Private Seller Financing available! We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of Bell Gardens. The subject property is comprised of 100% single story construction and offers a unit mix of; 1(2Bed/1.5Baths), 2(2Bed/1Bath)s, & 2(1Bed/1Bath)s. The rental units are situated in 2 separate buildings with a total rental square footage of 3,055 SqFt. Tenants pay for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility as well as onsite garage and car-port parking. The current rental rates are well below market level offering a savvy investor the opportunity of a potential 60+% upside in gross rental income. The seller is willing to provide private seller financing with the following terms: 40% down payment, 3 year term, 6% interest only payments, no pre-pay penalty.
BACK ON MARKET! Private Seller Financing available! We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of Bell Gardens. The subject property is comprised of 100% single story construction and offers a unit mix of; 1(2Bed/1.5Baths), 2(2Bed/1Bath)s, & 2(1Bed/1Bath)s. The rental units are situated in 2 separate buildings with a total rental square footage of 3,055 SqFt. Tenants pay for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility as well as onsite garage and car-port parking. The current rental rates are well below market level offering a savvy investor the opportunity of a potential 60+% upside in gross rental income. The seller is willing to provide private seller financing with the following terms: 40% down payment, 3 year term, 6% interest only payments, no pre-pay penalty.
Location
State CA
County Los Angeles
Area Bell (90201)
Zoning Assessor
Exterior
Parking Features Unit1:Assigned
Building
Lot Description Curbs, Sidewalks
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $272
Acceptable Financing Cash, Seller May Carry
Space Rent $1,190
Listing Terms Cash, Seller May Carry
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Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
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