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$7,690,000   Price Analysis
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7947 Garfield Ave
Bell Gardens, CA 90201
48 bed 47 bath 21,793 SqFt ($352/SqFt)
0.67 acre lot. Built 1989
Listed 2024-05-17, Taxes $32,950
Ⓧ USDA Ineligible
due to price & location

near Bell Gardens

Rare opportunity to acquire a well-maintained

16-unit property in Bell Gardens featuri ng 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 big layouts designed for family comfort; this property, built in 1989, spans 21, 793 squar 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.

Rare opportunity to acquire a well-maintained, 16-unit property in Bell Gardens featuri ng 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 big layouts designed for family comfort; this property, built in 1989, spans 21, 793 squar 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.


Presented by Avi Narang at
BRC Advisors BH.
Listing Agent Photo

Property MLS #RS24095871 from CRMLS

Bedrooms: 48

All Bedrooms Up, Family Room, Kitchen

Laundry Features: In Garage

Cooling Features: Central Air
Heating Features: Forced Air
Heating: Yes

Full Bathrooms: 47

Carport Spaces: 16
Garage Spaces: 18
Parking Features: Parking YN: Yes, Parking Features: Garage, Parking Space
Parking Total: 48

Lot Description: 16-20 Units/Acre, Lot 20000-39999 Sqft, Near Public Transit
Lot Size Acres: 0.6727
Lot Size Source: Assessor
Lot Size Square Feet: 29303

Monthly Parking Fee: 9000

Number of Units: 16
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 3
Bedrooms in Unit-6: 3
Bedrooms in Unit-7: 3
Bedrooms in Unit-8: 3
Bedrooms in Unit-9: 3
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 3
Total Bathrooms in Unit-3: 3
Total Bathrooms in Unit-4: 3
Total Bathrooms in Unit-5: 3
Total Bathrooms in Unit-6: 3
Total Bathrooms in Unit-7: 2
Total Bathrooms in Unit-8: 3
Total Bathrooms in Unit-9: 3
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 2
Unit-5 Garage Spaces: 2
Unit-6 Garage Spaces: 2
Unit-7 Garage Spaces: 2
Unit-8 Garage Spaces: 2
Unit-9 Garage Spaces: 2

Calculated Total Monthly Association Fees: 0
Gardener Expense: 3000.00
Maintenance Expense: 8000.00

Number of Units Leased: 16
Tenant Pays: Electricity, Gas
Vacancy Allowance: 11091

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.01
Other Expense: 3000.00
Source Property Type: Residential Income
Insurance Expense: 14165.00
Area: T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Source Neighborhood: T3 - Bell Gardens, Bell E of 710, Commerce S of 26
New Taxes Expense: 96462.00
Number of Separate Electric Meters: 17
Number of Separate Gas Meters: 17
Number of Separate Water Meters: 1
Parcel Number: 6230013021
Pest Control Expense: 1200.00
Professional Management Expense: 16791.00
Trash Expense: 8196.00
Zoning: BGCM
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,158,987 + $1,207,280
$2,366,267
$32,950
2021$1,136,262 + $1,183,608
$2,319,870
$31,773
2020$1,124,612 + $1,171,472
$2,296,084
$31,548
2019$1,102,561 + $1,148,502
$2,251,063
$30,607
2018$1,080,943 + $1,125,983
$2,206,926
$31,033
2017$1,059,749 + $1,103,905
$2,163,654
$30,332
2016$1,038,970 + $1,082,260
$2,121,230
$29,493
2015$1,023,364 + $1,066,004
$2,089,368
$31,185
2014$1,003,318 + $1,045,123
$2,048,441
$30,432
2013$998,784 + $1,040,400
$2,039,184
$28,308
2012$979,200 + $1,020,000
$1,999,200
$27,913
2010$2,513,274 + $968,316
$3,481,590
$44,243
2009$2,500,417 + $963,364
$3,463,781
$43,717
2009$2,494,491 + $961,080
$3,455,571
$43,717
2008$2,451,390 + $944,475
$3,395,865
$41,852
2007$2,403,324 + $925,956
$3,329,280
$39,881

Price Changed 2024-06-18
$7,690,000
CRMLS
Listed 2024-05-17
$7,950,000
CRMLS
Sold 2022-05-04
$7,025,000
TheMLSCLAW
Listing removed 2019-01-02
$6,488,000
TheMLSCLAW
Listing removed 2019-01-01
$0
TheMLSCLAW
Relisted 2018-12-07
$6,488,000
TheMLSCLAW
Listing removed 2018-03-26
$6,488,000
TheMLSCLAW
Listing removed 2018-03-25
$6,488,000
TheMLSCLAW
Listing removed 2018-03-24
$6,488,000
TheMLSCLAW
Listing removed 2018-03-23
$6,488,000
TheMLSCLAW
Listing removed 2018-03-22
$6,488,000
TheMLSCLAW
Listing removed 2018-03-21
$6,488,000
TheMLSCLAW
Listing removed 2018-03-20
$6,488,000
TheMLSCLAW
Listing removed 2018-03-19
$6,488,000
TheMLSCLAW
Listing removed 2018-03-18
$6,488,000
TheMLSCLAW
Listing removed 2018-03-17
$6,488,000
TheMLSCLAW
Listing removed 2018-03-16
$6,488,000
TheMLSCLAW
Listing removed 2018-03-15
$6,488,000
TheMLSCLAW
Listing removed 2018-03-14
$6,488,000
TheMLSCLAW
Listing removed 2018-03-13
$6,488,000
TheMLSCLAW
Listing removed 2018-03-12
$6,488,000
TheMLSCLAW
Listing removed 2018-03-11
$6,488,000
TheMLSCLAW
Listing removed 2018-03-10
$6,488,000
TheMLSCLAW
Listing removed 2018-03-08
$6,488,000
TheMLSCLAW
Listing removed 2018-03-07
$6,488,000
TheMLSCLAW
Listing removed 2018-03-06
$6,488,000
TheMLSCLAW
Listing removed 2018-03-05
$6,488,000
TheMLSCLAW
Listing removed 2018-03-04
$6,488,000
TheMLSCLAW
Listing removed 2018-03-03
$6,488,000
TheMLSCLAW
Listing removed 2018-03-02
$6,488,000
TheMLSCLAW
Listing removed 2018-03-01
$6,488,000
TheMLSCLAW
Listing removed 2018-02-28
$6,488,000
TheMLSCLAW
Listing removed 2018-02-27
$6,488,000
TheMLSCLAW
Listing removed 2018-02-26
$6,488,000
TheMLSCLAW
Listing removed 2018-02-25
$6,488,000
TheMLSCLAW
Listing removed 2018-02-24
$6,488,000
TheMLSCLAW
Listing removed 2018-02-23
$6,488,000
TheMLSCLAW
Listing removed 2018-02-22
$6,488,000
TheMLSCLAW
Listing removed 2018-02-21
$6,488,000
TheMLSCLAW
Listing removed 2018-02-20
$6,488,000
TheMLSCLAW
Listing removed 2018-02-19
$6,488,000
TheMLSCLAW
Listing removed 2018-02-18
$6,488,000
TheMLSCLAW
Listing removed 2018-02-17
$6,488,000
TheMLSCLAW
Listing removed 2018-02-16
$6,488,000
TheMLSCLAW
Listing removed 2018-02-15
$6,488,000
TheMLSCLAW
Listing removed 2018-02-14
$6,488,000
TheMLSCLAW
Listing removed 2018-02-13
$6,488,000
TheMLSCLAW
Relisted 2018-02-12
$6,488,000
TheMLSCLAW
Listing removed 2018-02-11
$0
TheMLSCLAW
Listing removed 2018-02-10
$6,488,000
TheMLSCLAW
Listing removed 2018-02-09
$6,488,000
TheMLSCLAW
Listing removed 2018-02-08
$6,488,000
TheMLSCLAW
Listing removed 2018-02-07
$6,488,000
TheMLSCLAW
Listing removed 2018-02-06
$6,488,000
TheMLSCLAW
Listing removed 2018-02-05
$6,488,000
TheMLSCLAW
Listing removed 2018-02-04
$6,488,000
TheMLSCLAW
Listing removed 2018-02-03
$6,488,000
TheMLSCLAW
Listing removed 2018-02-02
$6,488,000
TheMLSCLAW
Listing removed 2018-02-01
$6,488,000
TheMLSCLAW
Listing removed 2018-01-31
$6,488,000
TheMLSCLAW
Listing removed 2018-01-30
$6,488,000
TheMLSCLAW
Listing removed 2018-01-29
$6,488,000
TheMLSCLAW
Listing removed 2018-01-28
$6,488,000
TheMLSCLAW
Listing removed 2018-01-27
$6,488,000
TheMLSCLAW
Listing removed 2018-01-26
$6,488,000
TheMLSCLAW
Listing removed 2018-01-25
$6,488,000
TheMLSCLAW
Listing removed 2018-01-24
$6,488,000
TheMLSCLAW
Listing removed 2018-01-23
$6,488,000
TheMLSCLAW
Listing removed 2018-01-22
$6,488,000
TheMLSCLAW
Listing removed 2018-01-21
$6,488,000
TheMLSCLAW
Listing removed 2018-01-20
$6,488,000
TheMLSCLAW
Relisted 2018-01-18
$6,488,000
TheMLSCLAW
Listing removed 2018-01-17
$6,588,000
TheMLSCLAW
Listing removed 2018-01-16
$6,588,000
TheMLSCLAW
Listing removed 2018-01-15
$6,588,000
TheMLSCLAW
Listing removed 2018-01-14
$6,588,000
TheMLSCLAW
Listing removed 2018-01-13
$6,588,000
TheMLSCLAW
Listing removed 2018-01-11
$6,588,000
TheMLSCLAW
Listing removed 2018-01-10
$6,588,000
TheMLSCLAW
Listing removed 2018-01-09
$6,588,000
TheMLSCLAW
Listing removed 2018-01-08
$6,588,000
TheMLSCLAW
Relisted 2018-01-07
$6,588,000
TheMLSCLAW
Listing removed 2018-01-06
$6,888,000
TheMLSCLAW
Listing removed 2018-01-04
$6,888,000
TheMLSCLAW
Listing removed 2018-01-03
$6,888,000
TheMLSCLAW
Listing removed 2018-01-02
$6,888,000
TheMLSCLAW
Relisted 2018-01-01
$6,888,000
TheMLSCLAW
Listing removed 2017-12-31
$6,888,000
TheMLSCLAW
Listing removed 2017-12-30
$6,888,000
TheMLSCLAW
Listing removed 2017-12-29
$6,888,000
TheMLSCLAW
Listing removed 2017-12-28
$6,888,000
TheMLSCLAW
Listing removed 2017-12-27
$6,888,000
TheMLSCLAW
Listing removed 2017-12-26
$6,888,000
TheMLSCLAW
Listing removed 2017-12-25
$6,888,000
TheMLSCLAW
Listing removed 2017-12-24
$6,888,000
TheMLSCLAW
Listing removed 2017-12-23
$6,888,000
TheMLSCLAW
Listing removed 2017-12-22
$6,888,000
TheMLSCLAW
Listing removed 2017-12-21
$6,888,000
TheMLSCLAW
Listing removed 2017-12-20
$6,888,000
TheMLSCLAW
Listing removed 2017-12-19
$6,888,000
TheMLSCLAW
Listing removed 2017-12-18
$6,888,000
TheMLSCLAW
Listing removed 2017-12-17
$6,888,000
TheMLSCLAW
Listing removed 2017-12-16
$6,888,000
TheMLSCLAW
Listing removed 2017-12-15
$6,888,000
TheMLSCLAW
Listing removed 2017-12-14
$6,888,000
TheMLSCLAW
Listing removed 2017-12-13
$6,888,000
TheMLSCLAW
Relisted 2017-12-12
$6,888,000
TheMLSCLAW
Listing removed 2017-12-11
$0
TheMLSCLAW
Listing removed 2017-12-10
$6,888,000
TheMLSCLAW
Listing removed 2017-12-09
$6,888,000
TheMLSCLAW
Listing removed 2017-12-08
$6,888,000
TheMLSCLAW
Listed 2017-08-31
$6,888,000
TheMLSCLAW
Sold 2004-07-15
$3,200,000
Public Record
Sold 2003-05-27
$1,805,000
Public Record
Sold 1997-03-20
$970,000
Public Record
Sold 1988-08-19
$385,000
Public Record
Sold 1985-02-19
$290,000
Public Record

Net Operating Income: 385168.00

Total Square Feet Living: 21793
Year Built: 1989
Building Features: 3
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 35
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records

Electric Expense: 1140.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 13200.00
Electricity Connected
Natural Gas Connected
Water Source: Public

Garfield Elementary School is a public elementary school located approximately 0.4 miles away.
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Bell Gardens Intermediate School is a public middle school located approximately 0.5 miles away.
directions icon Map directions

Bell Gardens High School is a public high school located approximately 1.2 miles away.
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Heritage Christian School is a private elementary, middle and high school located approximately 0.4 miles away.
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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.