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7751 Scout Avenue

Bell Gardens, CA 90201

– beds
– baths
– sqft
9,615 sqft lot
1955 build
– on site

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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

Listed By CRMLS_CA / William Mulkey / TR Wealth Management Inc.

Last checked: Checking… • Last updated Apr 8, 2024 •

MLS# SB21008900 —

The Building

Year Built:

1955
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Frame, Stucco
Architectural Style:

Bungalow
Roof:

Common Roof, Shingle
Foundation:

See Remarks
Accessibility Features:

No Interior Steps, Parking, See Remarks
Common Walls:

2+ Common Walls
Building Area Total:

3434.00
Building Area Units:

Square Feet
# of Buildings:

4
Total Number Of Units:

5
Stories Total:

1
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Features:

Ceiling Fan(s), Copper Plumbing Partial, Stone Counters
Levels:

One
Entry Location:

ground
Window Features:

Bay Window(s)
Flooring:

Vinyl
Room Type:

All Bedrooms Down
Number Wall AC:

2
Fireplace:

No
Fireplace:

None
Laundry:

In Kitchen
Laundry:

1

Financial & Terms

Disclosures:

Principal Is RE Licensed

Location

Directions:

710 To Firestone Exit East to left onto Garfield and right onto Ira
Latitude:

33.96086000
Longitude:

-118.14813700

The Property

Subtype:

Apartment
Zoning:

BGR3PD*
Lot Features:

0-1 Unit/Acre, Landscaped
Lot Size Area:

9615.0000
Lot Size Acres:

0.2207
Lot Size SqFt:

9615.00
Lot Size Source:

Assessor
View:

None
Fencing:

Average Condition, Chain Link, Fair Condition, Poor Condition
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

Alley, City Street
Road Surface Type:

Alley Paved, Maintained, Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

1
Tax Census Tract:

5342.03
Tax Tract:

10948
Tax Lot:

27

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

6228022033

Heating & Cooling

Heating:

1
Heating:

Wall Furnace, Natural Gas
Cooling:

No
Cooling:

None

Utilities

Utilities:

Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts
Water Source:

Public

Appliances

Appliances:

Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Sewer Assessments, Unknown

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

8.00
Uncovered Spaces:

8.00

Extra Units

Average 1 Bed Area:

450
Average 2 Bed Area:

700
Number With Disposal:

5

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Sale history

Date	Event	Source	Price	% Change
6/18/22 Jun 18, 2022	Listed / Active	CRMLS_CA
4/16/21 Apr 16, 2021	Sold	CRMLS_CA	$1,380,000	-4.8%
2/27/21 Feb 27, 2021	Pending	CRMLS_CA	$1,450,000

Multifamily Sold on 4/16/2021

$1,380,000

Listing provided by broker:

William Mulkey

TR Wealth Management Inc.

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Listing Courtesy of: CRMLS_CA and TR Wealth Management Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 17:27 on Apr 26.

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.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

7751 Scout Avenue

Bell Gardens, CA 90201