6.44% Cap Rate | Brand New 4 Units! | 5953 Florence Ave
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6.44% Cap Rate | Brand New 4 Units! 5953 Florence Ave
4 Unit Apartment Building $2,700,000 ($675,000/Unit) 6.44% Cap Rate Bell Gardens, CA 90201
Investment Highlights
- Brand New Construction | Newest multifamily property in the city | Not Subject to Rent Control
- Huge Townhouse Style Units comprised of All - 4Bed/2.5Bath Units with Balconies and Attached 2-Car Garages
- Qualifies for Residential Financing - fixed interest rate for 30 Years providing long term high ROI and cash flow
- Trophy Asset | Pride of Ownership | Turnkey Investment | Great Addition to any Investor's Portfolio
- Superb Design and Construction Materials including granite counter tops, hardwood floors, Tiled Showers, Shaker Cabinets, etc
Executive Summary
James Torres with KW Commercial is proud to present the newest multifamily property located in the city of Bell Gardens, being offered at a 6.44% Cap Rate and at only $399 per square feet. This four unit apartment building showcases superior construction and design. All units are huge townhouse style units with 4 bedrooms and 2.5 baths with balconies in the master bedrooms and attached 2-car garages. Tenants pay for All utilities, units are separately metered for all utilities including water which increases the cash flow by minimizing expenses and headaches for the owner. Tenants will enjoy being walking distance to The Bike Casino, numerous shopping centers, schools, and restaurants. This is a great opportunity to acquire a well located Trophy Asset, and the newest apartment building in the city, which offers Pride of Ownership. Any astute investor will see this Turnkey investment will provide great cash flow from day 1 and long term generational wealth. There's additional space to possibly build another unit (Buyer to verify with the city).
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Granite Countertops
- Hardwood Floors
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 4 | $4,200 | - |
1 of 1
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 6329-006-020 | Improvements Assessment | $0 |
| Land Assessment | $613,836 | Total Assessment | $613,836 |
PROPERTY TAXES
Parcel Number
6329-006-020
Land Assessment
$613,836
Improvements Assessment
$0
Total Assessment
$613,836
zoning
| Zoning Code | BG-C4 (Commercial) |
| BG-C4 (Commercial) |
-
James Torres -
KW Commercial
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6.44% Cap Rate | Brand New 4 Units! | 5953 Florence Ave
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