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$ 5,000,000
Est. payment | /mo
3 Beds
2 Baths
0.57 Acres Lot
$ 5,000,000
Est. payment | /mo
3 Beds
2 Baths
0.57 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26209899
Bedrooms 3
Lot Size 0.568 Acres
Property Sub-Type Res Income 2-4 Units
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 propertys ideal central location near Southland freeways (30 minutes or less median travel time to work) and the citys 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
Zoning Assessor
Direction South of Bell Ave and East of Salt Lake Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6324021019
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Doug Rodermund, DRE#01314304 Morgan Skenderian
Nearby Locations
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran License ID: 02153342