Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$1,075,000
$1,100,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
3,055 SqFt
SOLD DATE : 07/19/2023
Key Details
Sold Price $1,075,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,055 sqft
Price per Sqft $351
MLS Listing ID CRCV23029595
Sold Date 07/19/23
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1940
Lot Size 0.252 Acres
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Community Facility, Inside
Building
Water Public
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