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Key Details
Sold Price $1,075,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23029595
Year Built 1940
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning BGR3*
Interior
Laundry Common Area, Inside
Exterior
Parking Features Assigned, Detached Carport, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Special Listing Condition Standard
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Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.