6900 California, Bell, CA 90201
- $5,000,000
- List Price
- $5,000,000
- Status
- ACTIVE
- MLS#
- PW26209899
- Year Built
- 1959
- Lot Size
- 24,738
- Acres
- 0.57
- Days on Market
- 1
- Property Type
- Multifamily
- 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.
Additional Information
- Taxes
- $82,592
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 24
- Gross Scheduled Income
- $514,152
- Operating Expense
- 193209
Listing courtesy of Listing Agent: Doug Rodermund (dsr@morganskenderian.com) from Listing Office: Morgan Skenderian.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.