Address
7751 Scout Avenue Bell Gardens, CA
Price
$ 1,450,000
Property Attributes
  • ML#SB21008900
  • TypePending
  • CountyLOS ANGELES
  • CityBell Gardens
  • AreaBell Gardens - Bell E of 710 - Commerce S of 26
  • Zip90201
  • StyleBungalow
  • Price$ 1,450,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
William Mulkey with TR Wealth Management Inc..
Data Source:
CRMLS
Property Description

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 issued 30-day rent increases to tenants effective 4/24/2021. Achieve over a 5% cap rate w/Market 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 is 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 4.5% cap rate 13.2 GRM > Market Rents projection for 5.5% cap rate & only 12.25 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 below market > 8 Parking & space for ADU (check with city). > Easy to finance operating history > Professionally Management will stay with new owners purchase > All Tenants Paying the Rent

Price History
1/19/2021 Listed $1,450,000

General Features

Accessibility No Stairs, Parking, See Remarks
Appliances Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater
Architectural Style Bungalow
Community Features Curbs, Sidewalks
Construction Materials Frame, Stucco
Cooling None
Electric 220 Volts
Flooring Vinyl
Heating Natural Gas, Wall Furnace
Interior Features Ceiling Fan(s), Stone Counters, All Bedrooms Down
Levels One
MLS Area T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Open Parking Spaces 8
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property SubType Apartment
Property Type Residential Income
Roof Common Roof, Shingle
Rooms Bedroom
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Spa Features None
Terms Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Total Actual Rent 8995
Total Units 5
Utilities Natural Gas Connected, Sewer Connected, Water Connected
View None
Water Sewer Expense 4142
Zoning BGR3PD*

Interior Features

Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features In Kitchen
Window Features Bay Window(s)

Exterior Features

Fencing Average Condition, Chain Link, Fair Condition
Foundation Details See Remarks
Lot Features 0-1 Unit/Acre, Landscaped
Lot Size Acres 0.22
Lot Size Area 9615
Lot Size Source Assessor
Lot Size Square Feet 9615
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 6
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Road Frontage Type Alley, City Street
Road Surface Type Alley Paved, Maintained, Paved
Total Parking 8
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90201

Price
AVG $660K
$1.45M
Visits
AVG 128
29
Year Built
AVG 1953
1955
Walkscore
AVG 70
68
Data Provided by Walkscore ® not using MLS data