CA > Bell
Bell, CA 90201,6703 Vinevale AVE
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Bell, CA 90201,6703 Vinevale AVE
Bell, CA 90201,6703 Vinevale AVE
Bell, CA 90201,6703 Vinevale AVE
Bell, CA 90201,6703 Vinevale AVE
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Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 2,475,000
Est. payment /mo
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Pending

6703 Vinevale AVE Bell, CA 90201

7,194 SqFt

UPDATED:

09/30/2024 05:52 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 7,194 sqft

Price per Sqft $344

MLS Listing ID SB24181058

Construction Status Additions/Alterations,Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 0.376 Acres

Acres 0.3757

Property Description

An amazing 7-unit, multi-family property in Bell, with large units, five structures all spread out on a huge lot. The unit mix includes three 2 bedroom, 1 bathroom units as well as two 2 bedroom, 2 bathroom units and one 3 bedroom, 1 bathroom house single story built in 1947. There is also a brand new, 1 bedroom, 1 bathroom ADU. The 2 bedroom 2 bathroom plus laundry room which is the front house was built in 1936, while the other five units were constructed in 1990 (and the ADU is brand new). The complex features 2 two car garages, 3 one car garages and several surface parking spots. Owners have paid for 3 new roofs on the Townhome units within the last 2-2.5 years. Owners also purchased new laundry equipment which is about 12 months old and is included in purchase.

Owners delivering better than a 6% cap rate with another 2 units unoccupied or rented so very profitable and financing is available with 40%-
50% down payment at 5.995% Fixed rate for 5 years with 30 year amortization.

Three of the six original units have been completely modernized and owners delivering 2 more units ( mentioned above). Renovations include; new bathrooms & kitchens & counters with completely new paint light fixtures new vinyl plank floors, copper-plumbing, fixtures and HVAC. The new ADU is a standalone structure. There is significant upside income potential remaining, particularly in the three units not yet remodeled.

ADU square footage does not yet show in public records. Unit square footages listed are averages only. Buyer must confirm all unit types, counts, and square footage dimensions.

Location

State CA

County Los Angeles

Area T6 - Maywood, Bell

Zoning BLR3YY

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Quartz Counters, Recessed Lighting

Laundry Location Common Area

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Laundry Common Area

Exterior

Garage Door-Multi, Garage, Paved

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Curbs, Suburban, Sidewalks

Roof Type Shingle

Accessibility Parking

Parking Type Door-Multi, Garage, Paved

Total Parking Spaces 13

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Additions/Alterations,Updated/Remodeled

Others

Senior Community No

Tax ID 6326011013

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by William Mulkey • TR Wealth Management Inc. • 310-919-7554