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Bell, CA 90201 6511 Otis Avenue B

$1,100,000

Presented By: William Lenocker with eXp Realty of California Inc; 714-270-7355
  • MLS# PW24043645
  • 03/25/2024
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  • BedBeds • 1
  • BathBaths • 1
  • FootageSQFT • 2,481
  • GarageGarage • 3

Home Details

Welcome to this fantastic 1950’s Art Deco Inspired Fourplex in Bell. The property consists of a Three Unit building in front along with a One Unit building and 3 car garage in the rear. The unit mix is comprised of Three 1 Bedroom, 1 Bath units and a 2 Bedroom, 1 Bath Unit. There is a lot of room for upside potential as only one unit is at or close to full market rate. Take advantage of this good cap rate and make it better!
Presented By: William Lenocker with eXp Realty of California Inc; 714-270-7355

Interior Features for 6511 Otis Avenue B

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 6511 Otis Avenue B

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.5
Carport Y/NNo
CityBell
Community FeaturesCurbs, StormDrains, StreetLights, Suburban, Sidewalks
CountyLos Angeles
Days on Market35
DirectionsOff Atlantic between Gage and Bell
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income7800.0
HOA0.0
HOA / Comm AssnNo
HeatingFloorFurnace, WallFurnace
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashtoNewLoan
Lot Size Square Feet8072.0
MLS AreaT6 - Maywood, Bell
MaintenanceExpense784.0
MobileHomeRemainsYNNo
Net Operating Income67810.0
New ConstructionNo
Open Parking Spaces12.0
Operating Expense10190.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard, Trust
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Street NameOtis
Tax Lot11
Tenant PaysElectricity, Gas
Total Units4
Trash Expense954.0
Unit NumberB
View Y/NNo
Water Sewer Expense1852.0
Waterfront Y/NNo
Year Built1956
Year Built SourceAssessor
ZoningBLR3*

Exterior for 6511 Otis Avenue B

Building Area Total2481.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1853
Lot Size Area8072.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking15.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,100,000
MLS#PW24043645
List Date 03/25/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors