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7947 Garfield Ave
For Sale $7,690,000
$7,690,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 29,303 Sq Ft
Description
Rare opportunity to acquire a well-maintained, 16-unit property in Bell Gardens featuring attractive 100% three-bedroom, two-and-a-half bathroom townhomes with an average unit size of ±1,362 square feet, offering a total of 48 bedrooms and 48 bathrooms, complemented by private two-car garages per unit and private patios, boasting spacious layouts designed for family comfort; this property, built in 1989, spans 21,793 square feet and sits on a generous lot of 29,303 square feet, with a current cap rate of 5.01% and a market cap rate of 6.75%, priced at $7,690,000, showcasing well-maintained exteriors with professional landscaping, ample parking including 16 guest spaces and 32 garage spaces, central HVAC units in each unit for year-round comfort, laundry hookups available in all garages, and convenient access to local shopping centers, parks, schools, and major highways, making it an ideal investment opportunity in a community-friendly neighborhood.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $7,690,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 16 spots |
| Year Built | 1989 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 6230013021 |
| MLS # | RS24095871 |
| Property ID | 295587015 |
| Lot Sqft | 29,303 |
| Zoning | BGCM* |
| Total Units | 16 |
| Days on Market | 284 |
| Original List Price | $7,950,000 |
| Date Updated | September 30, 2024 |
| Date Created | May 17, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $46,213 | $0 |
| Net Income (Yr) | $ 385,168 |
| Cap Rate | 5.01% |
Listing Provided By
Avinash Narang an agent of . Lic #01448548
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT