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7751 Scout Avenue, Bell Gardens, CA 90201$1,495,000

8
beds
5
baths
3434
ft2
· 9615
ft2 lot
$435 / ft2

Listing provided courtesy of William Mulkey, TR Wealth Management Inc.
Source CRMLS;
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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. Location Overview: 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 Highlights: > 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

HOA

$0/month

On market

4 months

Year built

1955

Property type

Condo

Parking

8

MLS

SB22121033

Price / Sq.Ft.

$435 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 7751 Scout Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: In Kitchen
•   
Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
•   
Has Appliances
•   
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
•   
Laundry: 1
Interior Features
•   
Electric Details: 220 Volts
•   
Interior Features: Ceiling Fan(s), Copper Plumbing Partial, Stone Counters
•   
Window Features: Bay Window(s)
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: All Bedrooms Down
•   
Average2 Bed Area: 700
•   
Average1 Bed Area: 450
Heating & Cooling
•   
Has Heating
•   
Heating Details: Natural Gas, Wall Furnace
Flooring
•   
Flooring: Vinyl
Interior Size
•   
Building Area Total: 3434.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: ground
•   
Building Area Units: Square Feet
•   
Zoning: BGR3PD*
•   
Roof: Common Roof, Shingle
•   
Foundation Details: See Remarks
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Frame, Stucco
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 8.00
Community Info
•   
Road Frontage Type: Alley, City Street
•   
Road Surface Type: Alley Paved, Maintained, Paved
•   
Number Of Buildings: 4
•   
Total Units: 5
Lot Info
•   
Lot Features: 0-1 Unit/Acre, Landscaped
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2207
•   
Lot Size Area: 9615.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Fencing: Average Condition, Chain Link, Fair Condition, Poor Condition
•   
Accessibility: No Interior Steps, Parking, See Remarks
•   
Common Walls: 2+ Common Walls
Property Type
•   
Architectural Style: Bungalow
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 6
•   
Utilities: Natural Gas Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 5
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Sewer Assessments, Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 31.00
•   
Gross Operating Income: 115197.00
•   
Garage Rental Rate: 0.00
•   
Water Sewer Expense: 4876.00
•   
Laundry Income: 0.00
•   
Gross Spendable Income: 18100.00
•   
Vacancy Allowance Rate: 5.00
•   
Maintenance Expense: 3456.00
•   
Pest Control Expense: 590.00
•   
Cap Rate: 5.20
•   
Total Actual Rent: 8995.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 19435.00
•   
Insurance Expense: 2576.00
•   
Vacancy Allowance: 6063
•   
Professional Management Expense: 5760.00
•   
Total Expenses: 38012.00
•   
Gross Scheduled Income: 121260.00
•   
Tax Block: 1
•   
Operating Expense: 38012.00
•   
Gardener Expense: 1320.00
•   
Gross Multiplier: 12.33
•   
Rent Control Yn: 1
•   
Present Loans: 645000
Tax/Assessment Info
•   
Gross Income: 10105.00
•   
Tax Year: 2021
•   
Taxes: 12309.01
Lease Info
•   
Net Operating Income: 77185.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 2226.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 2226.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1695.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1605.00
Multi Unit Information
•   
Number Wall Ac: 2
•   
# Of Units: 5
•   
Number Of Units Leased: 5
•   
Number With Disposal: 5
•   
Number With Range: 5
•   
Price Per Unit: 299000
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1840.00
•   
Unit 1 Total Rent: 1840.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2118.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2118.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 2226.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2226.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks
School Info
•   
Directions: 710 To Firestone Exit East to left onto Garfield and right onto Ira
Other
Calculation
•   
Dom: 39
•   
Cdom: 39

Neighborhood snapshot

19
Properties for sale
8
Median days on market
$408.53
Median sold price/sqft
100.98%
Sold/List %
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Property History for 7751 Scout Avenue

06/18/2022
06/18/2022
CRMLS #SB22121033
active
CRMLS #SB22121033
$1,495,000
+3.10%
04/16/2021
04/16/2021
CRMLS #SB21008900
sold
CRMLS #SB21008900
$1,450,000
02/26/2021
02/26/2021
CRMLS #SB21008900
pending
CRMLS #SB21008900
$1,450,000
01/18/2021
01/18/2021
CRMLS #SB21008900
active
CRMLS #SB21008900
$1,450,000
+45.29%
12/20/2018
12/20/2018
CRMLS #18382832
sold
CRMLS #18382832
$998,000

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