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
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 13, 2021 6:00 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Last updated: April 13, 2021 6:00 AM UTC Property Information © 2021 
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Data Updated: April 13, 2021 5:20 AM UTC
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Based on information from California Regional Multiple Listing Service, Inc. as of April 13, 2021 6:00 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
