6519 Darwell Avenue, Bell Gardens, CA 90201

$1,075,000
Sold Price
$1,075,000
List Price
$1,200,000
Closing Date
Jul 19, 2023
MLS#
CV23029595
Status
SOLD
Type
Multifamily

Property Description

BACK ON MARKET! Private Seller Financing available! We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of Bell Gardens. The subject property is comprised of 100% single story construction and offers a unit mix of; 1(2Bed/1.5Baths), 2(2Bed/1Bath)s, & 2(1Bed/1Bath)s. The rental units are situated in 2 separate buildings with a total rental square footage of 3,055 SqFt. Tenants pay for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility as well as onsite garage and car-port parking. The current rental rates are well below market level offering a savvy investor the opportunity of a potential 60+% upside in gross rental income. The seller is willing to provide private seller financing with the following terms: 40% down payment, 3 year term, 6% interest only payments, no pre-pay penalty.

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Courtesy of RE/MAX 2000 REALTY, Kristopher German. Selling Office: Lyon Stahl Investment Real Estate, Inc..