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5953 Florence AveBell Gardens, CA 90201

Luxury 4-unit multifamily, high NOI potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2024-built, Class A multifamily property, located at 5953 Florence Ave, Bell Gardens, CA 90201, presents a compelling investment opportunity. Comprising two, two-story buildings totaling 6,756 square feet of net rentable space, this four-unit apartment building offers four spacious units, each with a two-car garage. The property sits on an 11,768 square foot lot and is zoned BGC4. Currently vacant, the property boasts a projected Net Operating Income (NOI) of $166,750, based on a pro-forma of $4,200 monthly rent per unit. The property's modern design, beautiful landscaping, and low-maintenance features contribute to its strong appeal. Its prime location near popular destinations like Parkwest Bicycle Casino, Azalea Shopping Center, and Citadel Outlets ensures high occupancy rates and strong rental demand. Further enhancing its value, city-approved plans exist for a 3-bedroom, 2-bathroom Accessory Dwelling Unit (ADU), projected to add $3,880 in monthly income and significantly increase the property's overall value. This turnkey investment offers excellent income potential, a high capitalization rate, and significant long-term growth prospects. The property's strong financials, combined with its desirable location and future development potential, make it an ideal acquisition for discerning investors seeking a high-return, low-risk investment in the thriving Bell Gardens/Downey market.

Highlights

  • Exceptional income potential: Four units projected at $4,200/month each, totaling $201,600 annual gross income.
  • Strong investment metrics: 6% capitalization rate, 12.89 GRM, and $153,430 projected NOI.
  • Attractive cash flow and long-term growth opportunity for investors.

Property Details for 5953 Florence Ave

Property type
Apartment buildings
Square Feet
6,756 SF
Class
A
Year Built
2024
Buildings
2
Stories
2
Units
4

Location Insight

City
Bell Gardens
County
Los Angeles
State
California
Latitude
33.967298207249
Longitude
-118.1589145195
5953 Florence Ave, Bell Gardens, California

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5953 Florence Ave
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