Duplex - Well Maintained Location

6229 Flora, Bell, CA

$620,000

Price

1.8%

Cap Rate

$11,178

NOI

Overview
Cap Rate
1.8%
NOI
$11,178
Building Size
1,681 sqft
Lot Area
0.1337 acres
Units
2
Year Built
1922
Description

Listed for Sale by the City of Bell Housing Authority, the Property is a single-story duplex that is well-maintained and located on a well-maintained residential street just to the North of Gage Avenue. Resting on an approximate 5,822-square-foot lot, the Property is approximately 1,681 square feet. and consists of 2 Separate Buildings. On Flora the front building is a 2 bedroom single family home with a gated front yard. To the rear is the second unit (which appears to have been built in the 1960s) which has a carport and is 1BR/1BA.

Please note that All Property Inquiries are to be to the Listing Agent - Luis Vazquez 310-704-9109 and that the Seller is not to be contacted.

The Property is sold 'as-is'.

The City of Bell is located approximately 10 miles southeast of Downtown Los Angeles. Bordered by the cities of Maywood, Vernon, Huntington Park, and Cudahy, the Location is both high density and high demand for affordable Rental Housing. Access to the Property is by Gage Avenue.
The Subject Property is located on a quiet, well-maintained residential street with primarily single-family residences. Directly across the Street is Nueva Vista Elementary School. In addition, both City Hall and the Bell Public Library are located 1 block East of the Property on Pine.

Highlights
  • Long-Term Municipal Ownership
  • 32% Upside in Rental Income
  • Across the Street from Nueva Vista Elementary School
  • Near Bell City Hall and Public Library on Pine
Documents

Location