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$ 5,000,000
Est. payment /mo
New
6900 California Bell, CA 90201
0.57 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26209899
HOA Y/N No
Year Built 1959
Annual Tax Amount $82,592
Lot Size 0.568 Acres
Property Sub-Type Apartment
Property Description
Pleased to present 6900 California Avenue, a rare opportunity to purchase a 24-unit apartment building with an prime unit mix of almost all 2-bedroom units for $208,333 per unit. The property sits in a quiet residential neighborhood in the excellent rental city of Bell. This is a true value-add opportunity for a new owner to improve property aesthetics and increase future income. The property offers spacious floorplans, ample parking and on-site laundry facilities.
Given the property's ideal central location near Southland freeways (30 minutes or less median travel time to work) and the city's renter profile being over ±73% of the population, 6900 California Avenue will benefit from rapidly rising rents as demand far outpaces supply resulting in historically-low vacancy rates.
Given the property's ideal central location near Southland freeways (30 minutes or less median travel time to work) and the city's renter profile being over ±73% of the population, 6900 California Avenue will benefit from rapidly rising rents as demand far outpaces supply resulting in historically-low vacancy rates.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 31
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Total Parking Spaces 31
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6324021019
Energy Description 9089.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Doug Rodermund Morgan Skenderian [email protected], DRE #01314304