6900 California Ave - Apartments FOR SALE


Bell, CA 90201- Cudahy | 
$5,000,000 USD
949-295-8560
6900 California Ave, Bell, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/9
null | 6.11% Cap Rate

6900 California Ave
Bell, CA 90201
Cudahy


HIGHLIGHTS

  • 83% 2BR Unitss
  • Priced at $208,333/Unit
  • 6.1% Cap Rate on Current Rents
  • 8.3% Cap Rate on Market Rents
  • Substantial Rental Upside & Value-Add
  • Excellent Rental Location in a Residential Neighborhood

OVERVIEW

Morgan Skenderian is 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.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

24

PRICE/UNIT

$208,333

CAP RATE

6.11%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,738 SF

ZONING

R3, Bell

APN/PARCEL ID

6324-021-019

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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