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6921 Sherman Way - 6921 Sherman Way 6 Unit Apartment Building Offered at $1,650,000 at a 4.70% Cap Rate Bell, CA 90201
Investment Highlights
- Separate Water meters as well as separate gas and electric meters.
- 4 of the units were built in 1989
- Abundant parking with 5 two car garages and 7 open spaces
Executive Summary
An opportunity to own 6 units with separate meters, INCLUDING SEPARATE WATER METERS. This is rare and ideal for the next time there are water restrictions as the tenants will be responsible for their own conservation efforts. Plus, keeps the owner's utility expenses low! Property includes a newer 4-plex, built in 1989, plus two detached single family homes. They are an attractive unit mix of 5- Two bedroom units and 1 - Three bedroom unit. The SFRs are in the front and back of this large lot of over 16,000 Sq. Ft. Property has abundant parking with 5 two car garages and 7 open spaces. The buildings were tented and fumigated about 4 years ago. The front house is a 3/2 but is being used as a nonconforming duplex. The laundry and adjacent storage room have the possibility of being converted into an ADU, Buyer to check with City for possibilities. Residents love the proximity to shopping, public transportation and freeways.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$128,640
|
$21.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,859
|
$0.64
|
| Effective Gross Income |
$124,781
|
$20.54
|
| Taxes |
$21,760
|
$3.58
|
| Operating Expenses |
$25,837
|
$4.25
|
| Total Expenses |
$47,597
|
$7.83
|
| Net Operating Income |
$77,184
|
$12.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $128,640 |
| Annual Per SF | $21.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,859 |
| Annual Per SF | $0.64 |
| Effective Gross Income | |
|---|---|
| Annual | $124,781 |
| Annual Per SF | $20.54 |
| Taxes | |
|---|---|
| Annual | $21,760 |
| Annual Per SF | $3.58 |
| Operating Expenses | |
|---|---|
| Annual | $25,837 |
| Annual Per SF | $4.25 |
| Total Expenses | |
|---|---|
| Annual | $47,597 |
| Annual Per SF | $7.83 |
| Net Operating Income | |
|---|---|
| Annual | $77,184 |
| Annual Per SF | $12.70 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Patio
Site Amenities
- 24 Hour Access
- Fenced Lot
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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6921 Sherman Way - 6921 Sherman Way
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