The three detached 2/1 homes & 1/1 duplex offers amenities such as washer & dryer hookups & greenspace. Three of the units have been outstanding remodels new windows kitchen cabinets etc. The property offers cash flow at asking price on actual numbers & has upside too! Sellers have issued 30-day rent increases to tenants effective 4/24/2021. Achieve over a 5% cap rate w/Market rents. Owners are 1031 exchanging and want a solid buyer who can demonstrate they can close and show proof of funds and pre-qualification letter with schedule of real estate they own. Property has open parking in front and rear. Approx. 8 spaces. New upgraded electrical panel with permits for $30,000. There is space for an ADU too, buyer to confirm.

Location Overview:

Bell Gardens is in zip code 90201 and is east of the 710 & Firestone exit near Downey. There is a large park nearby on Ira Ave. and many businesses in the area.

Property Highlights:

> Property is over 4.5% cap rate 13.2 GRM
> Market Rents projection for 5.5% cap rate & only 12.25 GRM
> 5 units 3 2/1 homes detached with privacy & greenspace 2 1/1 duplex
> Remodeled with washer & dryer hookups, 3 units with new kitchen cabinets, quartz counters, faux wood blinds, new paint, & recessed lighting etc.
> Cash flows well with rents still below market
> 8 Parking & space for ADU (check with city).
> Easy to finance operating history
> Professionally Management will stay with new owners purchase
> All Tenants Paying the Rent