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$7,690,000

Beds
Unknown
sq ft
21,793

7947 Garfield Ave, Bell Gardens, CA 90201

7947 Garfield Ave

Bell Gardens, CA 90201

  • 187 days on market
    • Price drop $260,000↓
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.

Details

Property type

Apartment

Est. home value

$6,822,806

Lot size

0.6727 acres

Price per sq ft

$353

Year built

1989

Price History

06/18/2024
CRMLS

CRMLS #RS24095871

Price change
$7,690,000
-3.27%
05/17/2024
CRMLS

CRMLS #RS24095871

Listed
$7,950,000
+13.17%
05/04/2022
CLAW

CLAW #21772656

Sold
$7,025,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Goren Marcus Masino & Marsh Certified Pu

Loan start date

November 2022

Original loan amount

$3,900,000

Est. remaining balance

Not provided

Interest rate

6.7%

Loan type

Commercial, 1 year

Seller

Suki Chargers Llc

Lender

Warlyn Inc

Loan start date

November 2022

Original loan amount

$850,000

Est. remaining balance

Not provided

Interest rate

6.7%

Loan type

Commercial, 1 year

Seller

Suki Chargers Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/20/2024 at 4:30 AM

Listing updated: 10/05/2024 at 4:20 PM

Listed by: Avinash Narang, BRC Advisors BH Phone #: (310) 525-3712

MLS: CRMLS #RS24095871

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