6633 1/4 Pine Ave - Apartments FOR SALE


Bell, CA 90201
$1,500,000 USD
310-704-9109
6633 1/4 Pine Ave, Bell, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 2% Cap Rate

6633 1/4 Pine Ave
Bell, CA 90201


OVERVIEW

The Property is an attractive 5-unit Building comprised of 2 stories consisting of approximately 5,000 square feet and resting on 2 parcels totaling 6,317 square feet. The Property includes 1 Town House Unit and 4, 2nd story units that rest on top of 6 parking spots comprised of 4 garages and one 2-car tuck under parking area. The parking/driveway area is concrete. Situated behind what will be a new 11-unit 'for sale' development, the property rests off of Pine and is not exposed to street traffic. The Property is currently 100% Occupied by Long Term Tenants renting well below Market rent and has significant rental upside for the Buyer. Please note that the tenants are not aware of the sale and that all property showings are to be through the Listing Agent. All Offers should be made Non-Contingent on Financing with Verification of Down Payment. Easement: The City is working on an Easement for Entry as a New 'For Sale' Development will be Constructed in front of the Property in the near future. THE PROPERTY CAN ALSO BE PURCHASED WITH THE ADJACENT PROPERTY 6629-6633 PINE AVAILABLE FOR SALE AS AN 11-UNIT-FOR-SALE DEVELOPMENT. ALL PROPERTY SHOWINGS ARE TO BE COORDINATED THROUGH THE LISTING AGENT. THE TENANTS ARE NOT TO BE DISTURBED.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townhome and 2BR/2BA Units - Rent Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

Bell R3

APN/PARCEL ID

6325-017-900,6325-017-901

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.