Bell, CA 90201,6703 Vinevale AVE
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Bell, CA 90201,6703 Vinevale AVE
Bell, CA 90201,6703 Vinevale AVE
Bell, CA 90201,6703 Vinevale AVE
Bell, CA 90201,6703 Vinevale AVE

$2,435,000

Est. payment /mo

$2,475,000

1.6%
Est.Price: ?

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6703 Vinevale AVE Bell, CA 90201

0.38 Acres Lot

SOLD DATE : 10/23/2024

Key Details

Sold Price $2,435,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24181058

Sold Date 10/23/24

Construction Status Additions/Alterations,Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 0.376 Acres

Property Description

An amazing 7-unit, multi-family property in Bell, with large units, five structures all spread out on a huge lot. The unit mix includes three 2 bedroom, 1 bathroom units as well as two 2 bedroom, 2 bathroom units and one 3 bedroom, 1 bathroom house single story built in 1947. There is also a brand new, 1 bedroom, 1 bathroom ADU. The 2 bedroom 2 bathroom plus laundry room which is the front house was built in 1936, while the other five units were constructed in 1990 (and the ADU is brand new). The complex features 2 two car garages, 3 one car garages and several surface parking spots. Owners have paid for 3 new roofs on the Townhome units within the last 2-2.5 years. Owners also purchased new laundry equipment which is about 12 months old and is included in purchase.

Owners delivering near a 6% cap rate with another 2 units recently rented and renovated, so very profitable and financing is available with 40%-
50% down payment at 6.0% Fixed rate for 5 years with 30 year amortization.

Three of the six original units have been completely modernized and owners delivering 2 more units ( mentioned above). Renovations include; new bathrooms & kitchens & counters with completely new paint light fixtures new vinyl plank floors, copper-plumbing, fixtures and HVAC. The new ADU is a standalone structure ( garage conversion) and has been completed and approved with certificate of occupancy from the city.

ADU square footage does not yet show in public records. Unit square footages listed are averages only. Buyer must confirm all unit types, counts, and square footage dimensions.

Location

State CA

County Los Angeles

Area T6 - Maywood, Bell

Zoning BLR3YY

Interior

Interior Features Quartz Counters, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Laundry Common Area

Exterior

Parking Features Door-Multi, Garage, Paved

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Curbs, Suburban, Sidewalks

Roof Type Shingle

Accessibility Parking

Total Parking Spaces 13

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Additions/Alterations,Updated/Remodeled

Others

Senior Community No

Tax ID 6326011013

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by William Mulkey • TR Wealth Management Inc. • 310-919-7554
Bought with EZEQUIEL ACEVES • GUY HOCKER REALTORS

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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