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5715 Priory Street

Bell Gardens, CA 90201
  • $1,120,000
  • STATUS: Active Under Contract
  • ON SITE: 40 Days
  • MLS #: PW23022526
Under Contract
UPDATED: 67 min ago
$1,120,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Casey Mckinley of Compass (310-230-5478)


Description

5715 Priory St is an excellent 5-Unit investment opportunity in the city of Bell Gardens situated on an oversized 12,000+ sqft lot and comprised of three single-story buildings in a garden-like setting. The property has wonderful curb appeal with newly painted exteriors, private porches and open green areas between each building. The front unit features a large fenced-in yard, providing valuable additional space and a potential opportunity for further development. In addition, there is gated parking for 7 vehicles as well as a currently underutilized stand-alone garage structure with three single-car garages providing even more income potential. This property benefits from an extremely low vacancy rate, stable rents and an attractive central location with a consistently high demand for rentals. Each unit is individually metered for electricity and gas, keeping ongoing expenses low. Dont miss this amazing value-add opportunity to take an already successful investment and maximize it to its full potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-26T13:28:02.017. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/136957530
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5715 Priory Street Bell Gardens, CA 90201

  • Price: $1,120,000
  • Status: Active Under Contract
  • On Site: 40 Days
  • Updated: 67 min ago
  • MLS #: PW23022526
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1922
Built
Neighborhood:
T3 - Bell Gardens, Bell E of 710, Commerce S of 26
County:
Los Angeles
Area:
T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Property Description
5715 Priory St is an excellent 5-Unit investment opportunity in the city of Bell Gardens situated on an oversized 12,000+ sqft lot and comprised of three single-story buildings in a garden-like setting. The property has wonderful curb appeal with newly painted exteriors, private porches and open green areas between each building. The front unit features a large fenced-in yard, providing valuable additional space and a potential opportunity for further development. In addition, there is gated parking for 7 vehicles as well as a currently underutilized stand-alone garage structure with three single-car garages providing even more income potential. This property benefits from an extremely low vacancy rate, stable rents and an attractive central location with a consistently high demand for rentals. Each unit is individually metered for electricity and gas, keeping ongoing expenses low. Dont miss this amazing value-add opportunity to take an already successful investment and maximize it to its full potential.
Exterior Features

Fencing Chain Link Foundation Details Raised Lot Features 0-1 Unit/AcreBack YardFront YardLawnLandscapedNear Public Transit Number Of Separate Electric Meters 5 Parking Features AssignedDoor-MultiGarageGatedOn SiteGarage Faces Side Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Paved View City Lights View YN Yes

Interior Features

Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Cap Rate 5.01 Common Interest None Community Features CurbsStreet LightsSuburbanSidewalks Electric Standard Garage YN Yes Gross Income 80400 Gross Scheduled Income 80400 Insurance Expense 1800 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 2000 Net Operating Income 74300 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 6100 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Supplies Expense 500 Tenant Pays Cable TvElectricityGas Total Actual Rent 80400 Trash Expense 600 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1200 Water Source Public Zoning Bgr3pd*



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-26T13:28:02.017. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Casey Mckinley of Compass (310-230-5478)