7947 Garfield Avenue Bell Gardens, CA $ 7,690,000
7947 Garfield Avenue
$ 7,690,000
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7947 Garfield Avenue

Bell Gardens, CA, 90201
$ 7,690,000
Bedrooms48 Baths17.9 Sq 21,793

Monthly Estimate*

$ 46,056

Listed by BRC Advisors BH
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Multi-Family Home for sale in Bell Gardens, CA

for $7,690,000 with 48 bedrooms and 17 full baths, 9 half baths. This 21,793 square foot home was built in 1989 on a lot size of 0.6727.

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.

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Multi-Family Active

Price

$ 7,690,000

Bedrooms

48

Full Bath

17

Half Bath

9

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.6727

Year Built

1989

Town/City

Bell Gardens

County/Region

Los Angeles

MLS | Web ID

RS24095871

Days on Market

128

Features
General
Interior Features AllBedroomsUp
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Utilities ElectricityConnected NaturalGasConnected
Zoning BGCM*
HOA 0.0
Garage Spaces 16.0
Pool Features None
Year Built 1989
Tenant Pays Electricity Gas
Stories 1
Levels One
Property SubType Apartment
Gross Income 16548.0
Community Features StreetLights Sidewalks
County Los Angeles
Net Operating Income 385168.0
Operating Expense 174850.0
Insurance Expense 14165.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions 710 Fwy exit Garfield Avenue to address
City Bell Gardens
Entry Location Front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 16.0
NumberOfUnitsTotal 16
MLS Area T3 - Bell Gardens Bell E of 710 Commerce S of 26
Lot Size Units SquareFeet
Lot Size Square Feet 29303.0
Private Pool N
Waterfront Y/N N
Carport Spaces 16.0
Carport Y/N Y
Number of Units Leased 16
Terms Cash CashtoExistingLoan CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 1140.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 8196.0
Water Sewer Expense 13200.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 112
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 6
Total Actual Rent 46213.4
Property Sub Type Additional Apartment
Taxes 96462.0
Cap Rate 5.01
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Exterior
Parking Features Garage OneSpace
Lot Features Item1620UnitsAcre NearPublicTransit
Water Source Public
Total Parking 48.0
Lot Size Area 29303.0
Number of Buildings 3
Spa N
Building Area Total 21793.0
Lot Size Acres 0.6727
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 17
Number of Separate Electric Meters 17
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features InGarage
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 7947
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* Excluded Features
List By
Brc Advisors Bh

Broker

(818) 288-0697

Phone

Affordability Calculator

$46,056
Per Month
100%
0%
0%
Monthly Principal & Interest
$46,056
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2024$7,690,000 -3.27% Price Down
5/18/2024$7,950,000 Listed Price

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7947 Garfield Avenue, Bell Gardens, CA, 90201 is a Multi-Family Home for sale at $7,690,000 with 21,793 sqft and a lot size of 0.6727. 7947 Garfield Avenue has 48 bedrooms, 17.9 baths, and was built in 1989. The property's zip code is 90201 which is in Bell Gardens, CA