Listing Detail

6317 Flora Ave, Bell, CA

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Investment Highlights

  • Rare Opportunity to Acquire a Mid-Sized, 40-Unit Asset With All Two- and Three-Bedroom Units

  • Excellent Value-Add Opportunity With 42 Percent Potential Upside in Rents

  • Property Consists of 10 Buildings on a Large 1.52-Acre Lot, Shared Laundry, and Carport Parking With Storage

  • Walking Distance to Dining and Retail, Schools, a Library and Community Center

6317 Flora Ave

Bell, CA

Type: Multifamily
Units: 40
List Price: $11,000,000
Price/Unit: $275,000
Price/SF: $306
Cap Rate: 4.68%

Investment Overview

The Bogie Group of Marcus & Millichap is pleased to present to market 6317 Flora Avenue, a 40-unit multifamily investment property in Bell, California. With a sought-after mix of all two- and three-bedroom units, this offering presents an excellent value-add opportunity with 42 percent potential upside in rents.

6317 Flora Avenue consists of 10 buildings on a large 1.52-acre lot and offers a desirable mix of 20 two-bedroom/one-bath and 20 three-bedroom/one-bath units. The units are separately metered for gas and electricity, and the property also features on-site laundry and ample carport parking with storage.

The property is well-located in Bell near the intersection of Gage and Atlantic avenues and within easy walking distance of numerous dining and retail options, as well as Nueva Vista Elementary School, Maywood Academy High School, and the city of Bell’s library, community center, and civic center.

Download Offering Memorandum

Exclusively listed by

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Steve "Bogie"Bogoyevac

Senior Managing Director Investments

License: CA 01332755

(562) 257-1231

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