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Listed by Paul Purunjian • Purunjian Inc.
$ 2,000,000
Est. payment | /mo
3,334 SqFt
$ 2,000,000
Est. payment | /mo
3,334 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,334 sqft
Price per Sqft $599
MLS Listing ID CRPW25264468
HOA Y/N No
Year Built 2024
Lot Size 5,505 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
Rare contemporary newly built fourplex in centrally located Bell Gardens. This property is ideal for an owner-user, a 1031 exchange buyer, or a multigenerational family seeking a private compound. As new construction, the building is not subject to rent control. The property can potentially be delivered fully occupied at a 4.83% cap rate, with a pro forma cap rate of approximately 5.33%. The front two detached townhome-style units (Buildings 1 and 2) each feature 3 bedrooms, 2 baths, and an upstairs den that can function as a fourth bedroom, office, or flex space; both are currently rented for $3,495 per month. In Building 3, the ground-floor one-bedroom unit is projected to rent for $2,600 per month, and the upper two-bedroom unit with vaulted ceilings is projected to rent for $3,000 per month, bringing the total projected income to $12,590 per month. The property is professionally managed and offers abundant natural light, gated rear parking, separate electrical meters for all-electric units, drought-tolerant landscaping, designer finishes, and more. Bell Gardens is a strong Southeast Los Angeles rental market known for affordability, high demand, and convenient proximity to the 710, 5, and 105 freeways, providing quick access to Downtown Los Angeles, Long Beach, and LAX. The c
Location
State CA
County Los Angeles
Interior
Cooling Other
Fireplace No
Laundry Inside
Building
Lot Description Other
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