7943-7957 Garfield Ave
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7943-7957 Garfield Ave
16 Unit Block of Flats £6,017,041 (£376,065/Unit) 5.01% Net Initial Yield Bell Gardens, CA 90201
Executive Summary
Rare opportunity to acquire a well-maintained, 16-unit property in Bell Gardens featuring attractive 100% three-bedroom, two-and-a-half bathroom townhomes with an average unit size of ±1,362 square feet, offering a total of 48 bedrooms and 48 bathrooms, complemented by private two-car garages per unit and private patios, boasting spacious layouts designed for family comfort; this property, built in 1989, spans 21,793 square feet and sits on a generous lot of 29,303 square feet, with a current cap rate of 5.01% and a market cap rate of 6.75%, priced at $7,690,000, showcasing well-maintained exteriors with professional landscaping, ample parking including 16 guest spaces and 32 garage spaces, central HVAC units in each unit for year-round comfort, laundry hookups available in all garages, and convenient access to local shopping centers, parks, schools, and major highways, making it an ideal investment opportunity in a community-friendly neighborhood.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £6,017,041 | Building Class | B |
Price Per Unit | £376,065 | Lot Size | 0.69 AC |
Sale Type | Investment | Building Size | 21,793 SF |
Net Initial Yield | 5.01% | Average Occupancy | 100% |
Gross Rent Multiplier | 13.87 | Number of Floors | 2 |
No. Units | 16 | Year Built | 1989 |
Property Type | Residential | Parking Ratio | 0.73/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Low Rise |
Price | £6,017,041 |
Price Per Unit | £376,065 |
Sale Type | Investment |
Net Initial Yield | 5.01% |
Gross Rent Multiplier | 13.87 |
No. Units | 16 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.69 AC |
Building Size | 21,793 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1989 |
Parking Ratio | 0.73/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Washer/Dryer Hookup
Site Amenities
- 24 Hour Access
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+2.5 | 16 | - | 1,362 |
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Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
Parcel Number | 6230-013-021 | Total Assessment | £5,718,779 (2024) |
Land Assessment | £1,221,092 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £4,497,687 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6230-013-021
Land Assessment
£1,221,092 (2024)
Improvements Assessment
£4,497,687 (2024)
Total Assessment
£5,718,779 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | CM, Bell Gardens (Commercial Manufacturing) |
CM, Bell Gardens (Commercial Manufacturing) |
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7943-7957 Garfield Ave
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