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7751 Scout Avenue, Bell Gardens, CA 90201$1,495,000
$435 / ft2
Listing provided courtesy of William Mulkey, TR Wealth Management Inc.
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 professional property management in place & qualified tenants with good financial records. Over a 5% cap rate with current 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 maybe s space for an ADU too, buyer to confirm.
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 is over 5.2% cap rate & only 12.33 GRM!
> Market Rents projection for 5.9% cap rate & only 11.21 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 a bit below market
> 8 Parking & might be enough space for ADU (check with city).
> Easy to finance due to good operating history
> Professionally Management will stay with new owners purchase
> All Tenants Paying the Rent
Price / Sq.Ft.
$435 / ft2
Buyer’s Brokerage Commission
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Home details for 7751 Scout Avenue
Interior Features & Layout
Laundry Details: In Kitchen
Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater