7 UNITS, BELL$ 879,000
5210 – 5214 Gage Avenue
Clint Lukens Realty is proud to present a brand new listing at 5210 – 5214 Gage Avenue in the City of Bell, CA. The property consists of a triplex and a fourplex on two adjacent lots. Properties must be sold together and have operated as one property for generations. This is the first time the property has been on the market in decades.
Building has a good unit mix of one- and two-bedroom units. There is parking available for most of the apartments. The building was owner managed for decades and our office has operated the building for the last six years. Over the years, owner has made upgrades to various apartments, new windows, new exterior paint. There is still significant upside in the current rents and with a more aggressive operator with no rent control restrictions, a buyer could capture this upside much quicker than rent controlled investments.
The building is located in the City of Bell off the corridor of Gage Avenue. Both commercial and residential properties surround the building and there’s easy access to mass transit and the 710 freeway.
We have priced the deal at $879,000 and the owners are motivated to sell. Please contact me to discuss more details and offer terms.