Townhome and 2BR/2BA Units - Rent Upside | 6633 1/4 Pine Ave
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Townhome and 2BR/2BA Units - Rent Upside 6633 1/4 Pine Ave
5 Unit Block of Flats £1,174,950 (£234,990/Unit) 2% Net Initial Yield Bell, CA 90201
Executive Summary
The Property is an attractive 5-unit Building comprised of 2 stories consisting of approximately 5,000 square feet and resting on 2 parcels totaling 6,317 square feet. The Property includes 1 Town House Unit and 4, 2nd story units that rest on top of 6 parking spots comprised of 4 garages and one 2-car tuck under parking area. The parking/driveway area is concrete. Situated behind what will be a new 11-unit 'for sale' development, the property rests off of Pine and is not exposed to street traffic.
The Property is currently 100% Occupied by Long Term Tenants renting well below Market rent and has significant rental upside for the Buyer.
Please note that the tenants are not aware of the sale and that all property showings are to be through the Listing Agent.
All Offers should be made Non-Contingent on Financing with Verification of Down Payment.
Easement: The City is working on an Easement for Entry as a New 'For Sale' Development will be Constructed in front of the Property in the near future.
THE PROPERTY CAN ALSO BE PURCHASED WITH THE ADJACENT PROPERTY 6629-6633 PINE AVAILABLE FOR SALE AS AN 11-UNIT-FOR-SALE DEVELOPMENT.
ALL PROPERTY SHOWINGS ARE TO BE COORDINATED THROUGH THE LISTING AGENT. THE TENANTS ARE NOT TO BE DISTURBED.
The Property is currently 100% Occupied by Long Term Tenants renting well below Market rent and has significant rental upside for the Buyer.
Please note that the tenants are not aware of the sale and that all property showings are to be through the Listing Agent.
All Offers should be made Non-Contingent on Financing with Verification of Down Payment.
Easement: The City is working on an Easement for Entry as a New 'For Sale' Development will be Constructed in front of the Property in the near future.
THE PROPERTY CAN ALSO BE PURCHASED WITH THE ADJACENT PROPERTY 6629-6633 PINE AVAILABLE FOR SALE AS AN 11-UNIT-FOR-SALE DEVELOPMENT.
ALL PROPERTY SHOWINGS ARE TO BE COORDINATED THROUGH THE LISTING AGENT. THE TENANTS ARE NOT TO BE DISTURBED.
Property Facts
| Price | £1,174,950 | Building Class | C |
| Price Per Unit | £234,990 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| Net Initial Yield | 2% | Number of Floors | 2 |
| No. Units | 5 | Year Built | 1990 |
| Property Type | Residential | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Gage |
| Apartment Style | Low Rise |
| Price | £1,174,950 |
| Price Per Unit | £234,990 |
| Sale Type | Investment |
| Net Initial Yield | 2% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,000 SF |
| Number of Floors | 2 |
| Year Built | 1990 |
| Parking Ratio | 0.6/1,000 SF |
| Cross Streets | Gage |
Unit Amenities
- Cable Ready
- Kitchen
- Carpet
1 of 1
Walk Score ®
Walker's Paradise (91)
zoning
| Zoning Code | Bell R3 |
| Bell R3 |
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Townhome and 2BR/2BA Units - Rent Upside | 6633 1/4 Pine Ave
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