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

Bedrooms

6

Building size

3,178 sqft

Lot size

11,126 sqft

Year built

1940

Stories

1

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

16

MLS #

247537510

About this property

PRICE REDUCED! We are pleased to present 6636 Granger Avenue, a 6-unit multifamily investment opportunity in Bell Gardens. The property shows exceptionally well and has benefited from substantial renovations and capital improvements. According to ownership, five of the six units have been extensively renovated within approximately the last five years, including updated kitchens and cabinetry, remodeled bathrooms, flooring and other interior finishes. Water heaters were also replaced during approximately this period, the roofs were replaced within approximately the last two years, and interior plumbing improvements have been completed. The property consists of six 1-bedroom/1-bath units situated across two detached, single-story buildings on an oversized approximately 11,126-square-foot lot. There is approximately 25% upside in rental income, offering investors additional income growth despite the significant improvements already completed. Each unit features a private patio and two parking spaces, while separate gas and electric meters help minimize owner-paid utility expenses. One unit is currently configured as a 2-bedroom/1-bath but is legally permitted as a 1-bedroom/1-bath.With its strong physical condition, extensive recent improvements and remaining rental upside, 6636 Granger Avenue offers investors the opportunity to acquire an improved asset with additional income growth potential.

Location

6636 Granger Avenue

Bell Gardens, Los Angeles, CA, 90201