7751 Scout Avenue, Bell Gardens, CA 90201
Property · 2 recorded sales since 2018
Sold April 2021
Listing Agent: William Mulkey (DRE #00986020) · Listing Office: TR Wealth Management Inc. · Contact: 310-316-1274 · Bought with: William Mulkey · TR Wealth Management Inc. · MLS #SB21008900 · Source: CRMLS
About this property
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
Listing description from the April 2021 sale, as reported to CRMLS.
Sale history
