7000 Granger Ave, Bell Gardens, CA 90201 – 24-437279

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$2,900,000

Est. payment - /mo

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12 BD

6 BA

8,400 SqFt

Active Under Contract

7000 Granger Ave Bell Gardens, CA 90201

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

10/03/2024 10:13 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,400 sqft

Price per Sqft $345

MLS Listing ID 24-437279

Bedrooms 12

Year Built 1961

Lot Size 0.467 Acres

Acres 0.4666

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 Bell Gardens, Bell E Of 710, Commerce S Of 26Th

Zoning BGR3*

Interior

Laundry In Unit

Exterior

Garage Spaces 12.0

Building

Story 1

Water District

Others

Special Listing Condition Standard

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Listed by The CREM Group