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7.74 Pro Forma CAP/Call for Offers 6624 Flora Ave 11 Unit Apartment Building $3,829,504 CAD ($348,137 CAD/Unit) 4.57% Cap Rate Bell, CA 90201
Investment Highlights
- First Time on Market in 23 Years - Potential Tax Credits for Affordable Housing Buyer
- 11 Detached Single Family One Story Homes with Garage - One Story Construction
- Rents are 60% of the Market
- Rare Large.0.65 Acre Lot
- 100% Occupancy - 2 Turn Over in 3 Years
- 4.51 Current CAP/7.74 CAP on Market Rents
Executive Summary
Sperry Global Commercial is pleased to present the Property.
CURRENTLY UNDER CONTRACT - BACK-UP OFFERS WELCOMED - PLEASE CONTACT LISTING AGENT
PRICE ADJUSTMENT TO ACCOMMODATE DESIRED SALE FROM ORIGINAL $3,150,000 TO $2,800,000
LOCATION:
Located just South of Gage Avenue to the North, The Property is in a well-maintained Residential neighborhood comprised primarily of single-family and low-density multi-family buildings. The location offers easy access to employment, education, and retail establishments, with the 710 Freeway and 110 Freeways within a short driving distance.
DESCRIPTION:
Built in 1958, the Property consists of approximately 7,986 square feet of living space. It comprises 11 one-story single-family detached Homes, each with 2 Bedrooms and 1 Bath, and a One-Car garage, situated on a rare, large, approximately 0.65-acre lot.
SITE INSPECTION AND VISITS:
The Tenants are not aware of the sale and are not to be disturbed or to show the interior of their homes. All property showings are to be through the listing agent - Luis Vazquez at 310-704-9109 or luis.vazquez@sperrycga.com
CURRENTLY UNDER CONTRACT - BACK-UP OFFERS WELCOMED - PLEASE CONTACT LISTING AGENT
PRICE ADJUSTMENT TO ACCOMMODATE DESIRED SALE FROM ORIGINAL $3,150,000 TO $2,800,000
LOCATION:
Located just South of Gage Avenue to the North, The Property is in a well-maintained Residential neighborhood comprised primarily of single-family and low-density multi-family buildings. The location offers easy access to employment, education, and retail establishments, with the 710 Freeway and 110 Freeways within a short driving distance.
DESCRIPTION:
Built in 1958, the Property consists of approximately 7,986 square feet of living space. It comprises 11 one-story single-family detached Homes, each with 2 Bedrooms and 1 Bath, and a One-Car garage, situated on a rare, large, approximately 0.65-acre lot.
SITE INSPECTION AND VISITS:
The Tenants are not aware of the sale and are not to be disturbed or to show the interior of their homes. All property showings are to be through the listing agent - Luis Vazquez at 310-704-9109 or luis.vazquez@sperrycga.com
Property Facts
| Price | $3,829,504 CAD | Apartment Style | Garden |
| Price Per Unit | $348,137 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| Cap Rate | 4.57% | Building Size | 8,680 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3, Bell - R3-Allows for 30 Units per Acre plus 15% Bonus for Affordable Housing | ||
| Price | $3,829,504 CAD |
| Price Per Unit | $348,137 CAD |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 8,680 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, Bell - R3-Allows for 30 Units per Acre plus 15% Bonus for Affordable Housing |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 11 | $2,052 CAD | 780 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6325-016-900 | Improvements Assessment | $0 CAD |
| Land Assessment | $288,717 CAD | Total Assessment | $288,717 CAD |
Property Taxes
Parcel Number
6325-016-900
Land Assessment
$288,717 CAD
Improvements Assessment
$0 CAD
Total Assessment
$288,717 CAD
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7.74 Pro Forma CAP/Call for Offers | 6624 Flora Ave
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