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7000 Granger Ave
Bell Gardens, CA 90201

$2,900,000 USD

Apartments For Sale  •  8,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,400 SF
  • Lot Size 0.47 AC
  • Building Class C
  • Year Built 1961
  • Cap Rate 5.36 %
  • Zoning R-3
0 Transit Score
74 Walk Score

Highlights

Well-maintained multifamily investment opportunity consisting of twelve 2 bed/1 bath units with over 30% upside in rents
All units separately metered for gas & electric plus on-site covered parking and in-unit washer and dryer hookups
Situated on a generous lot of 20,329 square feet
Densely populated area with over 705,000 people and over 100,00 renter occupied households within a 5-mile radius
Benefitting from easy access to the 710, 5, and 105 freeways and well served by public transportation

Property Flyers

Financial Summary (Actual)

Net Operating Income: $155,471 USD (2023)
Cap Rate: 5.36 %
Total Expenses: $79,773 USD

Amenities

  • 24 Hour Access
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 2.0 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.5 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 23 min - 14.1 mi
Los Angeles International 28 min - 20.1 mi
Bob Hope 35 min - 25.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Covered
Included in Rent: Yes
Andrew Leff 818-939-4058 The CREM Group
Andrew Leff 818-939-4058 The CREM Group