Rare opportunity to acquire a well-maintained, 16-unit property in Bell Gardens featuring attractive 100% three-bedroom, two-and-a-half bathroom townhomes with an average unit size of ±1,362 square feet, offering a total of 48 bedrooms and 48 bathrooms, complemented by private two-car garages per unit and private patios, boasting spacious layouts designed for family comfort' this property, built in 1989, spans 21,793 square feet and sits on a generous lot of 29,303 square feet, with a current cap rate of 5.01% and a market cap rate of 6.75%, priced at $7,690,000, showcasing well-maintained exteriors with professional landscaping, ample parking including 16 guest spaces and 32 garage spaces, central HVAC units in each unit for year-round comfort, laundry hookups available in all garages, and convenient access to local shopping centers, parks, schools, and major highways, making it an ideal investment opportunity in a community-friendly neighborhood.
Property Details
Price:
$7,690,000
MLS #:
RS24095871
Status:
Active
Baths:
0
Address:
7947 Garfield Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
t3bellgardensbelleof710commercesof26
City:
Bell Gardens
Listed Date:
May 17, 2024
State:
CA
ZIP:
90201
Lot Size:
29,303 sqft / 0.67 acres (approx)
Year Built:
1989
See this Listing
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Schools
Interior
Cooling
Central Air
Heating
Forced Air
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
16.00
Lot Features
16-20 Units/ Acre, Lot 20000-39999 Sqft, Near Public Transit
Parking Features
Garage, Parking Space
Parking Spots
48.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected
Map
Community
- Address7947 Garfield Avenue Bell Gardens CA
- AreaT3 – Bell Gardens, Bell E of 710, Commerce S of 26
- CityBell Gardens
- CountyLos Angeles
- Zip Code90201
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7947 Garfield Avenue
Bell Gardens, CA
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