Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

7

Building size

4,801 sqft

Lot size

10,438 sqft

Year built

1920

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

111

MLS #

243538423

About this property

WOW! Price reduced buy $90,000 Seller Say Sell IT! This fully renovated 7-unit multifamily property in the city of Bell presents a rare turnkey investment opportunity in a strong rental market. The property consists of three separate buildings totaling 4,801 square feet on a spacious 10,435 SF lot, with all units comprehensively remodeled in 2025 to a modern standard. The unit mix includes one detached 2 bed/1 bath with a private yard, one 3 bed/2 bath, four 1 bed/1 bath units each, and 1bed/1bath ADU, providing a balanced blend of rental sizes to attract a wide tenant base. The property is currently 100% occupied, generating a 6.3% cap rate and a GRM of 11.21. With seven legal units spread across a low-maintenance layout, this is a perfect opportunity for investors seeking stable income, minimal deferred maintenance, and long-term upside. Whether you're expanding your portfolio or entering the multifamily space, 6221 Corona Ave is a standout value proposition in today’s market.

Location

6221 Corona

Bell, Los Angeles, CA, 90201