Listed by Growth Investment Group
$899,500
Retail + 2 houses near Downtown Bell Gardens
Details
APN 6227025019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,802
Net Rentable (SqFt) 2,978
Units 3
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.09%
Pro-Forma NOI $63,813
Price per SqFt $302
Broker Co-Op True
Class C
Year Built 1936
Buildings 3
Stories 1
Acreage 0.179
Zoning Assessor
Investment Type Value Add
Ground Lease No
Ownership FEE SIMPLE
3-unit mixed-use Value-add property by Downtown Bell Gardens, 2 houses + 1 retail store on large lot
Marketing description
3-unit mixed-use Value-add property by Downtown Bell Gardens, 2 houses + 1 retail store on large lot, steps away from major national retailers and from Parkwest Bicycle Casino. Tenants Pay ALL utilities, Next to Brand-New residential condo/apartment development. 7901 Eastern Ave, a high-visibility mixed-use asset strategically positioned on a prime corner in the heart of Bell Gardens, CA. This versatile property represents a rare "Value-Add" or "Owner-User" opportunity in one of the most supply-constrained submarkets of Southeast Los Angeles. By combining storefront retail with residential units, the asset provides a diversified income stream that is uniquely insulated against market volatility, tapping into a neighborhood characterized by a 78% renter-occupied rate. Built in 1936, the property boasts a total of 3,192 SF on a 7,749 SF CORNER lot with approximately 65 linear feet of frontage along Eastern Avenue. Unit mix includes 1x Retail Store, 1x 3BD/1BA house and 1x 1BD/1BA house. Positioned on a high-traffic commercial artery, the property generates relentless visibility and consistent demand from premium service providers and boutique retailers. Unlike many neighboring assets, this corner-lot configuration (Eastern Ave & Gotham St) includes the massive competitive advantage of gated, on-site parking. This feature not only drives higher residential tenant retention but also provides essential accessibility for commercial clients in a high-density area where street parking is at a constant premium. Tenants pay for all utilities (water, trash, electricity and gas), makin
Investment highlights
INVESTMENT HIGHLIGHTS
- High-Visibility Corner Location: Prime frontage at the intersection of Eastern Ave and Gotham St
- Strategic Mixed-Use Diversification: Rare combination of storefront retail and 2 houses, providing a balanced, recession-resistant income stream in a high-density submarket.
- Significant Value-Add Potential: Opportunity to capture immediate upside by transitioning legacy rents to market levels
- Exceptional Connectivity: Minutes from the 710 and 5 Freeway ramps, providing an effortless commute to the massive employment hubs of Commerce, Vernon, and Downtown Los Angeles.
- Dense Renter Demographics: Situated in a submarket with a 78% renter-occupied rate and over 38,000 residents within the immediate vicinity, guaranteeing a perpetual tenant base.
- Owner-User Opportunity: Ideal for a business owner looking to occupy the high-visibility retail storefront while utilizing the residential income to offset the mortgage.
- Supply-Constrained Market: Located in a "high-barrier-to-entry" zone with extremely low vacancy rates for both local-serving retail and affordable multi-family housing.
PROPERTY HIGHLIGHTS
- Bifurcated Income Stream: Versatile footprint featuring one (1) retail storefront and two (2) residential units (Mix of 1BR and 2BR layouts) suited for the local workforce.
- Individualized Metering: Tenant Pays all utilities including water and trash; Very minimum landlord responsibility
- Rare On-Site Gated Parking: Features approximately 5-7 dedicated parking spaces behind a secured gate—a massive competitive advantage and tenant draw in a high-density area.
- Flexible Zoning (BGCM): Bell Gardens Commercial/Mixed-Use zoning allows for a wide array of "By-Right" uses, including professional offices, medical suites, or creative retail.
- Large Corner Lot (±7,802 SF): The oversized lot provides excellent ingress/egress and potential for future ADU (Accessory Dwelling Unit) expansion or exterior amenity additions.
- Low-Maintenance Operation: Minimal landscaping requirements and a durable building footprint designed to minimize ongoing CAM (Common Area Maintenance) and gardener expenses.
- Efficient Management: Total unit count falls below the CA state requirement for a mandatory on-site resident manager, allowing for streamlined off-site management.
- Character & Visibility: 1930s-era architecture provides "good bones" and a distinct street presence, enhanced by approximately 65 feet of prime Eastern Avenue frontage.
Listing Contacts
Listed by Growth Investment Group
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