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4704 Florence Ave
Bell, CA 90201
Lender Owned, NON Rent Control, 14-TH Style · Multifamily Property For Sale
·
14 Units
Investment Highlights
- LENDER OWNED! NON-Rent-Control apartment investment – newly built completed in Dec 2022 and COO issued in Feb 2023
- Offered at a low price of $300/SF for a brand-new construction - Positive Leverage deal on a new product without rent control restriction
- Superb unit mix of Fourteen 4-bedroom townhome style units with direct access to 2 car garages
- Offered at attractive CAP Rate of 6.25% with additional upside including converting office structure to ADU
- Subject property was appraised for more than $9million back in May 2023 (report will be provided during escrow)
- Brand new everything – MEP: Copper plumbing, abs sewer pipe, new roof, new electrical
Property Facts
| No. Units | 14 | Building Size | 39,852 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2022 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 0.76 AC | ||
| Zoning | C3R | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 39,852 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | C3R |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Sprinkler System
- Range
- Tub/Shower
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 13 | - | 1,500 - 1,600 |
| 4+3 | 1 | - | 1,500 - 1,600 |
Property Taxes
| Parcel Number | 6226-002-400 | Improvements Assessment | $4,386,000 |
| Land Assessment | $2,040,000 | Total Assessment | $6,426,000 |
Property Taxes
Parcel Number
6226-002-400
Land Assessment
$2,040,000
Improvements Assessment
$4,386,000
Total Assessment
$6,426,000
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