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Signficant Rental Upside/5- 2BR/2BA/Garages 6633 1/4 Pine Ave 5 Unit Apartment Building $1,450,000 ($290,000/Unit) 2.07% Cap Rate Bell, CA 90201
EXECUTIVE SUMMARY
The Property is an attractive 5-unit Building comprised of 2 stories, consisting of approximately 5,000 square feet and resting on two parcels totaling 6,317 square feet. The Property includes 1 2BR/2BA Town House Unit, 3, Two Bedroom/2 Bath and 1 1BR/1BA 2nd story units that rest on top of 6 parking spots comprised of 4 garages and one 2-car tuck under parking area. The parking/driveway area is concrete. Situated behind what will be a new 10-unit 'for sale' development, the property rests off of Pine and is not exposed to street traffic.
Please note that the tenants are not aware of the sale and that all property showings are to be through the Listing Agent.
All Offers should be made with Verification of Down Payment.
Easement: The City is working on an Easement/Parcel Split for Entry as a New 'For Sale' Development will be Constructed in front of the Property in the near future.
THE PROPERTY CAN ALSO BE PURCHASED WITH THE ADJACENT PROPERTY 6629-6633 PINE AVAILABLE FOR SALE AS AN 10-UNIT-FOR-SALE DEVELOPMENT or Separately
ALL PROPERTY SHOWINGS ARE TO BE COORDINATED THROUGH THE LISTING AGENT. THE TENANTS ARE NOT TO BE DISTURBED.
Please note that the tenants are not aware of the sale and that all property showings are to be through the Listing Agent.
All Offers should be made with Verification of Down Payment.
Easement: The City is working on an Easement/Parcel Split for Entry as a New 'For Sale' Development will be Constructed in front of the Property in the near future.
THE PROPERTY CAN ALSO BE PURCHASED WITH THE ADJACENT PROPERTY 6629-6633 PINE AVAILABLE FOR SALE AS AN 10-UNIT-FOR-SALE DEVELOPMENT or Separately
ALL PROPERTY SHOWINGS ARE TO BE COORDINATED THROUGH THE LISTING AGENT. THE TENANTS ARE NOT TO BE DISTURBED.
PROPERTY FACTS
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $290,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 2.07% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1990 |
| Property Type | Multifamily | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Gage |
| Apartment Style | Low-Rise | ||
| Zoning | Bell R3 | ||
| Price | $1,450,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Cap Rate | 2.07% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 0.6/1,000 SF |
| Cross Streets | Gage |
| Zoning | Bell R3 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Kitchen
- Carpet
1 1
Walk Score®
Walker's Paradise (93)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Signficant Rental Upside/5- 2BR/2BA/Garages | 6633 1/4 Pine Ave
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