11 Single Story 2BR/1BA Homes on Rare 0.65 Acre Lot
$3,135,000
6624 Flora Ave, Bell Gardens, CA 90201
7,986 sqft
Building Size
0.6461 acres
Lot Area
Details:
Highlights:
- First Time on the Market in 23 Years
- Rare Large .65 Acre Lot
- 11 Detached Single-Family One-Story Homes with Garage
- One Story Construction
- Significant Rental Upside - Approximate 166% with no Rent Control
- Rents are 60% of the Market for 2BR/1BA Units
- 7.6 Market Rent CAP Rate/4.0 Current Cap on Below Market Rents - 60% of the Market
- Zoned BLR3YY For Future Development Opportunity
Description:
Sperry Global Commercial is pleased to present the Exclusively Listed Property.
LOCATION:
Located just South of Gage Avenue to the North, The Property is in a well-maintained Residential neighborhood comprised primarily of single-family and low-density multi-family buildings. The location offers easy access to employment, education, and retail establishments, with the 710 Freeway and 110 Freeways within a short driving distance.
DESCRIPTION:
Built in 1958, the Property consists of approximately 7,986 square feet of living space. It is comprised of 11 one-story single-family detached Homes, each with 2 Bedrooms and 1 Bath, with a One-Car garage situated on a rare, large, approximately 0.65-acre lot.
MARKETING - OFFERS:
The Seller has asked for a Call for Offers by Friday, November 14th, but reserves the right to accept an Offer that comes in before this date. The seller will request verification of Funds with an offer and will also require a lender's letter of approval if a loan is to be obtained as part of the Purchase. The Seller will not finance the sale.
SITE INSPECTION AND VISITS:
The Tenants are not aware of the sale and are not to be disturbed or to show the interior of their homes. All property showings are to be through the listing agent - Luis Vazquez at 310-704-9109 or luis.vazquez@sperrycga.com
Located just South of Gage Avenue to the North, The Property is in a well-maintained Residential neighborhood comprised primarily of single-family and low-density multi-family buildings. The Location allows easy access to employment, education, and retail establishments with the 710 Freeway and 110 Freeways within short driving distance.
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