$2,900,000
7000 Granger AVE Bell Gardens, CA 90201
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$2,900,000
Est. payment /mo
8,400 SqFt
Active Under Contract
7000 Granger AVE Bell Gardens, CA 90201
UPDATED:
10/03/2024 10:22 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $345
MLS Listing ID 24437279
HOA Y/N No
Year Built 1961
Lot Size 0.467 Acres
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 Marketplace offers a variety of shopping and dining options, including Target, Starbucks, and In-N-Out Burger. Bell Gardens offers excellent connectivity to the greater Los Angeles area, with easy access to the 710, 5, and 105 Freeways, making commuting convenient. The area is also well-served by public transportation, including Metro bus lines that connect residents to key destinations throughout the region. With a rich blend of cultural events, community activities, and access to top employers in neighboring cities, 7000 & 7006 Granger Avenue presents a compelling opportunity for investors seeking steady cash flow and significant rental growth potential. This sale includes APN's 6358-006-032 and 6358-006-033.
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning BGR3*
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Building
Story 1
Water Public
Others
Tax ID 6358006032
Special Listing Condition Standard
Listed by Mark Cianciulli • The CREM Group
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