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6237 Orchard Ave Bell, CA 90201
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Key Details
Sold Price $1,510,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,568 sqft
Price per Sqft $330
MLS Listing ID 22-224559
Sold Date 01/12/23
Bedrooms 12
Year Built 1959
Lot Size 7,210 Sqft
Acres 0.1655
Property Description
6237 Orchard Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features all two-bedroom units with 6 securitized open parking spaces on 7,210 square feet of prime Southern California land. Some features and improvements include newer windows, upgraded electrical panel and built-in wall AC's for each unit. There is approximately 25% upside in the rental income not including the 02/01/2023 effective rents which increase the rental income by 6.3%. The subject property has been in the same family since the property was built and is an excellent investment opportunity because of it's great location and substantial amount of rental upside.
Location
State CA
County Los Angeles
Area Maywood, Bell
Zoning BLR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment None
Exterior
Parking Features Parking Space
Garage Spaces 6.0
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with BRC Advisors BH
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