6029 Live Oak St - Apartments FOR SALE


Bell Gardens, CA 90201
$1,325,000 USD
626-427-0786
6029 Live Oak St, Bell Gardens, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/6
null | 6.11% Cap Rate

6029 Live Oak St
Bell Gardens, CA 90201


HIGHLIGHTS

  • Unit Mix: (2) Single-Story 2-Bed/1-Bath Units (Duplex) & (4) 2-Bed/1-Bath Units (Rear Duplexes)
  • Rear Duplex Structures Constructed in 1975
  • 5,380 Rental Sq. Ft. | 13,216 Sq. Ft. Lot
  • New Driveway/Parking Surface Installed
  • Excellent Location in Proximity to Shopping, Entertainment, Transportation and Schools

OVERVIEW

Just Listed! Kristopher German of The Apartment Dealer team is pleased to offer this exceptional opportunity to acquire a 6-unit multi-family investment in the city of Bell Gardens, offered at $1,325,000...only $220,000 per unit! Delivering a strong 6.1% current CAP Rate and 11.46 GRM, this well-performing asset provides excellent day-one cash flow with substantial long-term upside. The property features all 2-Bedroom/1-Bathroom units, a highly desirable unit mix that attracts strong tenant demand. The improvements consist of a front duplex with two single-story units, and two rear duplex buildings constructed in 1975, totaling 5,380 rentable square feet on a 13,216 sq. ft. lot. With 37% upside in rental income, investors have a clear opportunity to significantly increase cash flow over time. Residents enjoy abundant onsite carport and open-space parking, individual washer and dryer hookups, and the benefit of a newly installed driveway and parking surface, enhancing both curb appeal and functionality. Conveniently located near shopping, entertainment, public transportation, and schools, the property is positioned in a well-established rental corridor with consistent tenant demand. Combining strong in-place financials, an attractive price per unit, desirable all 2-bedroom floor plans, and meaningful rental upside, this Bell Gardens offering presents an outstanding opportunity for investors seeking immediate income with significant value-add potential.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

6

PRICE/UNIT

$220,833

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6% CAP Rate | $220,000/Unit | All 2 Bd/1 Bth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,216 SF

ZONING

BGR3, Bell Gardens

APN/PARCEL ID

6228-003-035

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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