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Key Details
Sold Price $945,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,779 sqft
Price per Sqft $531
MLS Listing ID PW23157927
Bedrooms 4
Full Baths 3
Year Built 1928
Lot Size 5,270 Sqft
Property Description
Great Remodeled Spanish Bungalow Style 3 Unit Property in Bell, CA. 5.91% Pro Forma Cap Rate. Property was remodeled including but not limited to plumbing supply / waste lines, insulation, windows, 3 mini splits, 3 electrical meters, 3 gas meters, reinforced foundation, new floors, baseboards, doors, each unit has its own indoor laundry hook ups, kitchens, bathrooms, appliances, paint, landscape and automatic timers in front, new torch down roof. The bones and the aesthetic of this property have been revamped which makes for a great turnkey investment opportunity. Property is virtually brand new and will be delivered vacant. Property is a permitted Junior ADU with Detached ADU. As owner occupant this property can be purchased with 3.5% - 5% down payment. As an Investor it can be purchased with 20% down. In addition, the listing agent has a preferred lending partner that may have other non traditional loan products to explore. The City of Bell is a warm and friendly town composed of young families, small businesses, and an industrial district. Its convenient location and close proximity to transportation corridors including Interstate 5 (Santa Ana Freeway), Interstate 710 (Long Beach Freeway) and the Union Pacific Railroad make Bell an ideal venue for business interests. Bell is nestled between the San Gabriel Mountains and the port of Long Beach in the Los Angeles basin. It is only minutes away from Downtown Los Angeles, as well as cultural and sports attractions including Dodger Stadium, Staples Center, and the Walt Disney Concert Hall.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning BLR3YY
Interior
Cooling Ductless
Fireplaces Type None
Laundry Inside
Exterior
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description Sprinklers In Front
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Special Listing Condition Standard
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Bought with Jorge Jara • Universal Property Brokers