5953 Florence AveBell Gardens, CA 90201

Property Details for 5953 Florence Ave

Lot size

0.27 AC

Zone code

BGC4*

Property type

Land

Property subtype

Commercial land

APN

6329-006-020

APU

6329006020

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,869,701

  Hospitality

  $3,544,626

  Educational

  $2,949,087

  Medical

  $3,050,510

  Retail

  $4,587,468

Location Insight

City

Bell Gardens

County

Los Angeles

State

California

Latitude

33.9676

Longitude

-118.159

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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