Neighborhood: Bell Gardens, Bell E Of 710, Commerce S Of 26th
The three detached 2/1 homes & 1/1 duplex offers amenities such as washer & dryer hookups & greenspace. Three of the units have been outstanding remodels new windows kitchen cabinets etc. The property offers cash flow at asking price on actual numbers & has upside too! Sellers have professional property management in place & qualified tenants with good financial records. Over a 5% cap rate with current rents. Owners are 1031 exchanging and want a solid buyer who can demonstrate they can close and show proof of funds and pre-qualification letter with schedule of real estate they own. Property has open parking in front and rear. Approx. 8 spaces. New upgraded electrical panel with permits for $30,000. There maybe s space for an ADU too, buyer to confirm. Location Overview: Bell Gardens is in zip code 90201 and is east of the 710 & Firestone exit near Downey. There is a large park nearby on Ira Ave. and many businesses in the area. Property Highlights: > Property is over 5.2% cap rate & only 12.33 GRM! > Market Rents projection for 5.9% cap rate & only 11.21 GRM > 5 units 3 2/1 homes detached with privacy & greenspace 2 1/1 duplex > Remodeled with washer & dryer hookups, 3 units with new kitchen cabinets, quartz counters, faux wood blinds, new paint, & recessed lighting etc. > Cash flows well with rents still a bit below market > 8 Parking & might be enough space for ADU (check with city). > Easy to finance due to good operating history > Professionally Management will stay with new owners purchase > All Tenants Paying the Rent
Listing Agent: William Mulkey 00986020 Courtesy of: TR Wealth Management Inc. "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 28th September, 2022 9:09 AM (UTC)
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