Buy this for the bread and butter, monetize the upside for the beef. Check out the rents compared to market rents; it looks like 36% upside may be a good estimate. Seller may carry a first trust deed note at market rates, approximately 50% LTV. Lots of open space for ADU's on this 1/2 Acre lot. Per SB 1211, build up to 8 ADU's, subject to State laws, local ordinances, and City of Bell entitlement and permitting requirements. Be sure to vet and validate potential for rent increase and development for your client.
5,977 Sq Ft
0.5026 Private Acres Lot Size
investment
Built in 1947
MLS/Listing ID 26651133
11 Units
Parking - Driveway
Parking - On Street
Heating - Combination
Cooling - Other
TOTAL MONTHLY COST
$0
$0
$0