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7751 Scout Avenue

Bell Gardens, CA 90201
  • $1,495,000
  • STATUS: Active
  • ON SITE: 59 Days
  • ID#: SB22121033
$1,495,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): William Mulkey of Tr Wealth Management Inc. (310-316-1274)


Description

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 professional property management in place & qualified tenants with good financial records. Over a 5% cap rate with current 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 maybe s 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 5.2% cap rate & only 12.33 GRM!> Market Rents projection for 5.9% cap rate & only 11.21 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 a bit below market> 8 Parking & might be enough space for ADU (check with city).> Easy to finance due to good operating history> Professionally Management will stay with new owners purchase> All Tenants Paying the Rent

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T00:30:43.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/130019474
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7751 Scout Avenue Bell Gardens, CA 90201

  • Price: $1,495,000
  • Status: Active
  • On Site: 59 Days
  • ID#: SB22121033
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1955
Built
Neighborhood:
T3 - Bell Gardens, Bell E of 710, Commerce S of 26
County:
Los Angeles
Area:
T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Property Description
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 professional property management in place & qualified tenants with good financial records. Over a 5% cap rate with current 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 maybe s 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 5.2% cap rate & only 12.33 GRM!> Market Rents projection for 5.9% cap rate & only 11.21 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 a bit below market> 8 Parking & might be enough space for ADU (check with city).> Easy to finance due to good operating history> Professionally Management will stay with new owners purchase> All Tenants Paying the Rent
Exterior Features

Architectural Style Bungalow Construction Materials FrameStucco Entry Location Ground Fencing Average ConditionChain LinkFair Condition Foundation Details See Remarks Lot Features 0-1 Unit/AcreLandscaped Number Of Separate Electric Meters 6 Open Parking Spaces 8 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley PavedMaintainedPaved Roof Common RoofShingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features No StairsParkingSee Remarks Appliances Gas CooktopGas OvenGas RangeGas Water Heater Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Vinyl Heating Natural GasWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Stone CountersAll Bedrooms Down Window Features Bay Window(S)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.2 Common Interest Community Apartment Community Features CurbsSidewalks Contingency Seller May Ask For New Buyer For Eta Car Form To Locate Suitable 1031 Exchange Property. Disclosures Principal is Real Estate Licensed Electric 220 Volts Electric Expense 0 Garage YN No Gross Income 10105 Gross Scheduled Income 121260 Insurance Expense 2576 Land Lease YN No Laundry Features In Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing LoanCash To New Loan1031 Exchange Maintenance Expense 3456 Net Operating Income 77185 New Construction YN No New Taxes Expense 19435 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 38012 Pest Control Expense 590 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 8995 Trash Expense 0 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 6063 Vacancy Allowance Rate 5 Water Sewer Expense 4876 Water Source Public Zoning Bgr3pd*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T00:30:43.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): William Mulkey of Tr Wealth Management Inc. (310-316-1274)