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$2,900,000
Est. payment /mo
8,400 SqFt
UPDATED:
11/12/2024 11:11 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $345
MLS Listing ID CL24437279
HOA Y/N No
Year Built 1961
Lot Size 0.467 Acres
Acres 0.47
Property Description
We are pleased to exclusively present 7000 & 7006 Granger Avenue in Bell Gardens, a 12-unit multifamily offering comprised of two adjacent 6-unit buildings. Built in 1961 and situated on a large 20,329-square-foot lot, this property presents a unique opportunity for investors seeking a stable asset with significant rental upside. Each unit is separately metered for gas and electric and equipped with in-unit washer and dryer hookups plus covered parking for every unit. With a competitive price point reflecting a current CAP rate of 5.33% and a market CAP rate of 7.69%, 7000-7006 Granger Avenue offers an attractive balance of stability and potential for value growth. Located in the heart of Bell Gardens, this property is ideally positioned in a dense residential area with strong local demand for rental housing. The city is known for its vibrant community and offers numerous local amenities. Just a short distance away, residents have access to Bell Gardens Veterans Park, a popular spot featuring a community center, sports fields, and outdoor recreation areas. The property is also close to Bell Gardens High School, known for its strong academic and athletic programs, and Suva Elementary School, providing quality education for families in the neighborhood. The nearby Bell Gardens Mark
Location
State CA
County Los Angeles
Area Listing
Zoning BGR3
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Building
New Construction No
Others
Tax ID 6358006032
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Listed by Mark Cianciulli • The CREM Group
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