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6503 Otis Avenue

6503 Otis Avenue,Bell, CA 90201

1923

Year Built

$1,300,000

Price

Property Details

Price Per Unit

$325,000

Price per SF

$325,000

Current Cap Rate

4.25%

Market Cap Rate

5.35%

Current GRM

14.64

Market GRM

12.45

6503 Otis Avenue

6503 Otis Avenue,Bell, CA 90201

$1,300,000

Price

Property Details

Price per SF

$325,000

Price Per Unit

$325,000

Price per SF

$325,000

Current Cap Rate

4.25%

Market Cap Rate

5.35%

Year Built

1923

Current GRM

14.64

Market GRM

12.45

Description

6503 Otis Avenue is a fully upgraded turnkey triplex with an ADU located in quiet, residential Bell, California.
Situated on a large 8,070-square-foot lot, the property offers three (3) 2 BD / 1 BA units and a Studio ADU. All units have been renovated with designer fixtures and finishes. The property also features ample parking and yard space.
The City of Bell, located in the Southeast Los Angeles submarket, presently has one of the lowest vacancy rates among submarkets in Los Angeles metro, with asking rate gains outpacing the metro average in recent years.
The City’s close proximity to the I-5 and I-710 freeways provides easy access to central Los Angeles and Orange County employment hubs.

Highlights

  • Fully Upgraded Turnkey Triplex with ADU
  • Value Add Opportunity with ±20% Upside to Market Rents
  • Potential to Increase Income from Storage, Laundry & Parking
  • Convenient Access to Employment Centers

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