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7947 Garfield Avenue

Bell Gardens, CA 90201

– beds
– baths
– sqft
~3/4 acre lot
1989 build
– on site

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.

Listed By CRMLS_CA / Avinash Narang / BRC Advisors BH / 818-288-0697

Last checked: Checking… • Last updated Oct 5, 2024 •

MLS# RS24095871 —

The Building

Year Built:

1989
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

21793.00
Building Area Units:

Square Feet
Total Number Of Units:

16
# of Buildings:

3
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

17
# of Separate Water Meters:

1
# of Separate Electric Meters:

17

Interior

Levels:

One
Entry Location:

Front
Room Type:

All Bedrooms Up, Family Room, Kitchen
Laundry:

In Garage
Laundry:

1

Location

Directions:

710 Fwy exit Garfield Avenue to address
Latitude:

33.95918700
Longitude:

-118.15777700

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

BGCM*
Lot Features:

16-20 Units/Acre, Lot 20000-39999 Sqft, Near Public Transit
Lot Size Area:

29303.0000
Lot Size Acres:

0.6727
Lot Size SqFt:

29303.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

1
Tax Census Tract:

5342.02
Tax Tract:

11124
Tax Lot:

6

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6230013021

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected, Natural Gas Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Garage, Parking Space
Parking Spaces:

48.00
Garage Spaces:

16.00
Uncovered Spaces:

16.00
Carport Spaces:

16.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/18/24 Jun 18, 2024	Price Changed	CRMLS_CA	$7,690,000	-3.3%
5/17/24 May 17, 2024	Listed / Active	CRMLS_CA	$7,950,000	13.2% (6.5% / YR)
5/4/22 May 4, 2022		CRMLS_CA	$7,025,000	-3.2%

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This multifamily located in Southeast La, Bell Gardens, CA 90201 is currently for sale for $7,690,000. 7947 Garfield Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 214 days. 7947 Garfield Avenue is in the Southeast La neighborhood of Bell Gardens and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Bell Gardens High School, Bell Gardens Intermediate School, and Garfield Elementary School.

Listing Courtesy of: CRMLS_CA and BRC Advisors BH. Based on information from California Regional Multiple Listing Service, Inc. as of 23:08 on Dec 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.