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7114 el Selinda Ave Bell Gardens, CA 90201
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Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25273453
Year Built 1942
Lot Size 5,000 Sqft
Property Sub-Type Duplex
Property Description
DUPLEX IN BELL GARDENS WITH CONVERTED GARAGE (buyer to verify permits). Could be 3 units with option to expand and build 4+ units! Two-two bedroom units with full bathroom and both have washer/dryer hookup! The garage has 1 bedroom and 2 bathrooms, along with a living room and kitchen. There are still 2 more garage spots available!
There is also plenty of parking next to it.
VERY RARE R2 ZONING on 3 UNITS. Demolish and build at least 6 units or keep and rent out. Cap rate at CURRENT rents if you rent out the 3rd unit is 4.5%! Owner may be willing to help raise rent. And that's WITHOUT raising rents or evicting tenants!
More caveats! Each unit has separate meters and THEIR OWN WASHER/DRYER hookups. Separate meters. Area is developing and is ripe for gentrification. Get in while you can!
Where else are you investing your money? Boring SFR's? Trying to build ADU's for 6 months? Even better - primary residence allows you to go conventional 5% down now!
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Interior
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Suburban
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
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Bought with Julian Park Park Regency Realty
NEARBY SCHOOLS & BUSINESSES