Bell Gardens, CA 90201,7000 Granger Avenue
Bell Gardens, CA 90201,7000 Granger Avenue
Bell Gardens, CA 90201,7000 Granger Avenue
$2,700,000
Est. payment /mo
$2,900,000
6.9%
Est.Price: ?

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8,400 SqFt
SOLD DATE : 01/07/2025

Key Details

Sold Price $2,700,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 8,400 sqft

Price per Sqft $321

MLS Listing ID CL24437279

Sold Date 01/07/25

HOA Y/N No

Year Built 1961

Lot Size 0.467 Acres

Acres 0.47

Property Sub-Type Comm Ind For Sale

Property Description

We are pleased to exclusively present 7000 & 7006 Granger Avenue in Bell Gardens, a 12-unit multifamily offering comprised of two adjacent 6-unit buildings. Built in 1961 and situated on a large 20,329-square-foot lot, this property presents a unique opportunity for investors seeking a stable asset with significant rental upside. Each unit is separately metered for gas and electric and equipped with in-unit washer and dryer hookups plus covered parking for every unit. With a competitive price point reflecting a current CAP rate of 5.33% and a market CAP rate of 7.69%, 7000-7006 Granger Avenue offers an attractive balance of stability and potential for value growth. Located in the heart of Bell Gardens, this property is ideally positioned in a dense residential area with strong local demand for rental housing. The city is known for its vibrant community and offers numerous local amenities. Just a short distance away, residents have access to Bell Gardens Veterans Park, a popular spot featuring a community center, sports fields, and outdoor recreation areas. The property is also close to Bell Gardens High School, known for its strong academic and athletic programs, and Suva Elementary School, providing quality education for families in the neighborhood. The nearby Bell Gardens Mark

Location

State CA

County Los Angeles

Zoning BGR3

Interior

Fireplace No

Exterior

Total Parking Spaces 12

Building

New Construction No

Others

Tax ID 6358006032

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Bridge MLS
Listed by Mark Cianciulli • The CREM Group
Bought with SubscriberNon

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