$10,200,000
$11,000,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
1.52 Acres Lot
SOLD DATE : 02/27/2023
Key Details
Sold Price $10,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22207645
Sold Date 02/27/23
HOA Y/N No
Year Built 1956
Lot Size 1.515 Acres
Property Description
6317 Flora Avenue is a 40-unit multifamily investment property in Bell, California. With a sought-after mix of all two- and three-bedroom units, this offering presents an excellent value-add opportunity with 42 percent potential upside in rents.
6317 Flora Avenue consists of 10 buildings on a large 1.52-acre lot and offers a desirable mix of 20 two-bedroom/one-bath and 20 three-bedroom/one-bath units. The units are separately metered for gas and electricity, and the property also features on-site laundry and ample carport parking with storage.
The property is well-located in Bell near the intersection of Gage and Atlantic avenues and within easy walking distance of numerous dining and retail options, as well as Nueva Vista Elementary School, Maywood Academy High School, and the city of Bell’s library, community center, and civic center.
Seller financing is available;
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning BLR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 40
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 40
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6317025006
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
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Broker Associate | Lic# 00870450