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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,175,000

Est. payment - /mo

5,000 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25273453

HOA Y/N No

Year Built 1942

Lot Size 5,000 Sqft

Property Sub-Type Duplex

Property Description

DUPLEX IN BELL GARDENS WITH CONVERTED GARAGE (buyer to verify permits). Could be 3 units with option to expand and build 4+ units! Two-two bedroom units with full bathroom and both have washer/dryer hookup! The garage has 1 bedroom and 2 bathrooms, along with a living room and kitchen. There are still 2 more garage spots available!

There is also plenty of parking next to it.

VERY RARE R2 ZONING on 3 UNITS. Demolish and build at least 6 units or keep and rent out. Cap rate at CURRENT rents if you rent out the 3rd unit is 4.5%! Owner may be willing to help raise rent. And that's WITHOUT raising rents or evicting tenants!

More caveats! Each unit has separate meters and THEIR OWN WASHER/DRYER hookups. Separate meters. Area is developing and is ripe for gentrification. Get in while you can!

Where else are you investing your money? Boring SFR's? Trying to build ADU's for 6 months? Even better - primary residence allows you to go conventional 5% down now!

Location

State CA

County Los Angeles

Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)

Listed by Julian Park Park Regency Realty 818-390-3265, DRE #02018567

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7114 el Selinda Ave Bell Gardens, CA 90201