Closed Escrow 11/20/2020
5 Units on Large Lot in Bell Gardens , Ca
6712 Granger Ave is a fully occupied 5 unit apartment building located in the city of Bell Gardens, Ca very close to Downey and conveniently located off the 710 and 5 freeways. This 5 unit investment offers a stable investment in a growing rental market. With all tenants month to month and paying below market rents, an investor can expect a good return by achieving market rents.
The property has a good unit mix of (5) 1 bed/1 bath units and (1) 2 bed/1 bath unit with (8) carports and 5 driveway spaces. This amazing building was built in 1959 with a total size of 2,735 SF, sitting on a large 11,193 SF lot zoned R3.
3.7% Actual Cap Rate and 16.7 Actual GRM
6.7% Market Cap and 10.9 Market GRM.
100% Fully Tenant Occupied.
Convenient Location in Bell Gardens near Downey, South Gate, Bicycle Casino & Hotel, 710 & 5 Freeways, Local Parks & Recreation, and Restaurants & Shops.