Stay tuned for more...
USDAProperties.com is preparing the eligibility details...

 

 

 

$1,100,000
Agent Details  share icon     map icon  QR
6511 Otis Ave
Bell, CA 90201
5 bed 4 bath 2,481 SqFt ($443/SqFt)
8,072SqFt lot. Built 1956
Listed 2024-03-26, Taxes $3,955
Ⓧ USDA Ineligible
due to price & location

near Bell

Latest Value Estimates: $945,000 from Collateral Analytics on 2024-04-17. Forecast Estimate Value:$965,596 in 2025-02-01 by Collateral Analytics.

Welcome to this fantastic 1950s Art Deco Inspired Fourplex in Bell.

* Has Contingent Offer *

The property consists of a Three Unit building in front along with a One Unit building and 3 car garage in the rear. The unit mi x is comprised of Three 1 Bedroom, 1 Bath units and a 2 Bedroom, 1 Bath Unit.

There is plenty of room for upside potential as one unit is at or close to full market rate. Take advantage of this good cap rate and make t better!


Presented by W. Ryan Lenocker at
eXp Realty of California Inc.
Listing Agent Photo

Property MLS #PW24043645 from CRMLS

Bedrooms: 5

Full Bathrooms: 4

Heating Features: Floor Furnace, Wall Furnace
Heating: Yes

Lot Description: Lot 6500-9999
Lot Size Acres: 0.1853076
Lot Size Source: Assessor
Lot Size Square Feet: 8072

Garage Spaces: 3
Parking Total: 15

Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 784.00

Tenant Pays: Electricity, Gas

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 6.50
Other Expense: 4100.00
Source Property Type: Residential Income
Insurance Expense: 2500.00
Area: T6 - Maywood, Bell
Source Neighborhood: T6 - Maywood, Bell
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 6325007015
Postal Code Plus 4: 6663
Trash Expense: 954.00
Zoning: BLR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$146,393 + $55,005
$201,398
$3,955
2021$143,523 + $53,927
$197,450
$3,904
2020$142,052 + $53,375
$195,427
$3,914
2019$139,267 + $52,329
$191,596
$3,798
2018$136,537 + $51,303
$187,840
$3,614
2017$133,860 + $50,298
$184,158
$3,573
2016$131,236 + $49,312
$180,548
$3,523
2015$129,265 + $48,572
$177,837
$3,469
2014$126,733 + $47,621
$174,354
$3,469
2013$126,161 + $47,406
$173,567
$3,452
2012$123,688 + $46,477
$170,165
$3,453
2010$121,263 + $45,566
$166,829
$4,335
2009$120,643 + $45,334
$165,977
$4,338
2009$120,357 + $45,226
$165,583
$4,338
2008$118,278 + $44,446
$162,724
$4,014
2007$115,959 + $43,575
$159,534
$3,858

Listed 2024-03-26
$1,100,000
CRMLS
Sold 1979-04-12
$77,500
Public Record

Net Operating Income: 67810.00

Total Square Feet Living: 2481
Year Built: 1956
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 68
Levels or Stories: One
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 1852.00
Water Source: Public

Corona Avenue Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Bell Senior High School is a public high school located approximately 0.3 miles away.
directions icon Map directions

Orchard Academies 2b School is a public middle school located approximately 0.4 miles away.
directions icon Map directions

Bell Christian Academy is a private elementary, middle and high school located approximately 0.2 miles away.
directions icon Map directions

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.