Bell, CA 90201,6237 Orchard AVE
Bell, CA 90201,6237 Orchard AVE
Bell, CA 90201,6237 Orchard AVE
Bell, CA 90201,6237 Orchard AVE
Bell, CA 90201,6237 Orchard AVE
Bell, CA 90201,6237 Orchard AVE
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$1,510,000

$1,585,000

4.7%
Est.Price: ?

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Est. payment /mo

12 Beds

6 Baths

4,568 SqFt


SOLD DATE : 01/12/2023

Key Details

Sold Price $1,510,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,568 sqft

Price per Sqft $330

MLS Listing ID 22224559

Sold Date 01/12/23

Bedrooms 12

HOA Y/N No

Year Built 1959

Lot Size 7,209 Sqft

Property Description

6237 Orchard Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features all two-bedroom units with 6 securitized open parking spaces on 7,210 square feet of prime Southern California land. Some features and improvements include newer windows, upgraded electrical panel and built-in wall AC's for each unit. There is approximately 25% upside in the rental income not including the 02/01/2023 effective rents which increase the rental income by 6.3%. The subject property has been in the same family since the property was built and is an excellent investment opportunity because of it's great location and substantial amount of rental upside.

Location

State CA

County Los Angeles

Area T6 - Maywood, Bell

Zoning BLR3YY

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features One Space

Total Parking Spaces 6

Building

New Construction No

Others

Senior Community No

Tax ID 6318021009

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with Avinash Narang • BRC Advisors BH
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