Buy this for the bread and butter, monetize the upside for the beef. Check out the rents compared to market rents; it looks like 36% upside may be a good estimate. Seller may carry a first trust deed note at market rates, approximately 50% LTV. Lots of open space for ADU's on this 1/2 Acre lot. Per SB 1211, build up to 8 ADU's, subject to State laws, local ordinances, and City of Bell entitlement and permitting requirements. Be sure to vet and validate potential for rent increase and development for your client.
| MLS # | 26651133 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1947 |
| Days On Site | 184 |
| Listing Provided By | DealTrade Inc. | Carlos A.G. Gonzalez |
| Bed(s) | 13 |
|---|---|
| Bath(s) | 11 |
| SQ Feet | 5,977 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 5 |
| Zoning | BLR3YY |
| Acreage | 0.50 |
| Heating | Combination |
|---|---|
| Heating Yes / No | Yes |
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Detached Carport, Driveway, On Street |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Bell |
| Zip Code | 90201 |
| Area | T6 Maywood | Bell |
| Listing VS Median (in 90201) | |
Price: $2,100,000 low | high Med: $1,300,000 sqft: 5,977 low | high Med: 4,200 $ / sqft: $351 low | high Med: $310 On site: 184 low | high Med: 12 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Bell |
| Zip Code | 90201 |
| Area | T6 Maywood | Bell |
| Listing VS Median (in 90201) | |
Price: $2,100,000 low | high Med: $1,300,000 sqft: 5,977 low | high Med: 4,200 $ / sqft: $351 low | high Med: $310 On site: 184 low | high Med: 12 | |