6624 Flora Ave - Apartments FOR SALE


Bell, CA 90201- Cudahy
$2,800,000 USD
310-704-9109
6624 Flora Ave, Bell, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/11
null | 4.57% Cap Rate

6624 Flora Ave
Bell, CA 90201
Cudahy


HIGHLIGHTS

  • First Time on Market in 23 Years - Potential Tax Credits for Affordable Housing Buyer
  • Rare Large.0.65 Acre Lot
  • 11 Detached Single Family One Story Homes with Garage - One Story Construction
  • 100% Occupancy - 2 Turn Over in 3 Years
  • Rents are 60% of the Market
  • 4.51 Current CAP/7.74 CAP on Market Rents

OVERVIEW

Sperry Global Commercial is pleased to present the Property. CURRENTLY UNDER CONTRACT - BACK-UP OFFERS WELCOMED - PLEASE CONTACT LISTING AGENT PRICE ADJUSTMENT TO ACCOMMODATE DESIRED SALE FROM ORIGINAL $3,150,000 TO $2,800,000 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 comprises 11 one-story single-family detached Homes, each with 2 Bedrooms and 1 Bath, and a One-Car garage, situated on a rare, large, approximately 0.65-acre lot. 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

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

11

PRICE/UNIT

$254,545

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.74 Pro Forma CAP/Call for Offers

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,349 SF

ZONING

R3, Bell

APN/PARCEL ID

6325-016-900

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 Notice.