6703 Vinevale Avenue
Bell, CA, 90201
$2,475,000
Beds
0 Baths
SqFt
0.38 Acres
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An amazing 7-unit, multi-family property in Bell, with large units, five structures all spread out on a huge lot. The unit mix includes three 2 bedroom, 1 bathroom units as well as two 2 bedroom, 2 bathroom units and one 3 bedroom, 1 bathroom house single story built in 1947. There is also a brand new, 1 bedroom, 1 bathroom ADU. The 2 bedroom 2 bathroom plus laundry room which is the front house was built in 1936, while the other five units were constructed in 1990 (and the ADU is brand new). The complex features 2 two car garages, 3 one car garages and several surface parking spots. Owners have paid for 3 new roofs on the Townhome units within the last 2-2.5 years. Owners also purchased new laundry equipment which is about 12 months old and is included in purchase.

Owners delivering better than a 6% cap rate with another 2 units unoccupied or rented so very profitable and financing is available with 40%-
50% down payment at 5.995% Fixed rate for 5 years with 30 year amortization.

Three of the six original units have been completely modernized and owners delivering 2 more units ( mentioned above). Renovations include; new bathrooms & kitchens & counters with completely new paint light fixtures new vinyl plank floors, copper-plumbing, fixtures and HVAC. The new ADU is a standalone structure. There is significant upside income potential remaining, particularly in the three units not yet remodeled.

ADU square footage does not yet show in public records. Unit square footages listed are averages only. Buyer must confirm all unit types, counts, and square footage dimensions.

Property Details

Price:
$2,475,000
MLS #:
SB24181058
Status:
Active Under Contract
Baths:
0
Address:
6703 Vinevale Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
t6maywoodbell
City:
Bell
Listed Date:
Aug 11, 2024
State:
CA
ZIP:
90201
Lot Size:
16,365 sqft / 0.38 acres (approx)
Year Built:
1947
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Schools

Interior

Accessibility Features
Parking
Cooling
Central Air
Flooring
Vinyl
Heating
Central
Interior Features
Quartz Counters, Recessed Lighting

Exterior

Community Features
Curbs, Sidewalks, Suburban
Garage Spaces
10.00
Lot Features
16-20 Units/ Acre, Lot 10000-19999 Sqft
Parking Features
Paved, Garage, Garage – Two Door
Parking Spots
13.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas

Map

Community

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6703 Vinevale Avenue
Bell, CA