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6237 Orchard AVE Bell, CA 90201
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Key Details
Sold Price $1,510,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,568 sqft
Price per Sqft $330
MLS Listing ID 22224559
Sold Date 01/12/23
Bedrooms 12
HOA Y/N No
Year Built 1959
Lot Size 7,209 Sqft
Property Description
6237 Orchard Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features all two-bedroom units with 6 securitized open parking spaces on 7,210 square feet of prime Southern California land. Some features and improvements include newer windows, upgraded electrical panel and built-in wall AC's for each unit. There is approximately 25% upside in the rental income not including the 02/01/2023 effective rents which increase the rental income by 6.3%. The subject property has been in the same family since the property was built and is an excellent investment opportunity because of it's great location and substantial amount of rental upside.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning BLR3YY
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage One Space
Parking Type One Space
Total Parking Spaces 6
Building
New Construction No
Others
Senior Community No
Tax ID 6318021009
Special Listing Condition Standard
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Bought with Avinash Narang • BRC Advisors BH
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