4704 Florence Avenue

Bell, CA 90201

  • 0 Bed(s)
  • 0 Bath(s)
  • 23,316 Sqft
  • 32240
    Sqft(Lot)
$7,000,000

Description

Lender owned 14-unit apartment community in the city of bell, ca. 4704 florence ave is a newly constructed 14-unit townhome style apartment that was completed in dec 2022 (coo issued in 2023). the property was taken back by the lender/current owner in january 2024, providing a rare opportunity for savvy investors to buy a newly built asset that is not under any rent control ordinance (buyer to verify – ca ab1482 rent control kicks in on the 15th anniversary of the property) at a rock-bottom price. the subject property was appraised for over $9million back in may 2023. this investment offers a good 6.25% cap rate (buyer to verify) which makes it a positive leverage and cashflow deal with good future upside.



this newly built property consists of 1 x 4bedroom+3bathroom, and 13 x 4bedroom+2bathroom townhouse style units that are spread over 4 different structures. the total building size is ±23,316 sf on a large ±32,240 sf c3 zoned lot. each unit is large with an estimated size of ±1500-1700 sf (buyer to verify). it has the 5th building that is a 2-story building where 2nd floor is suitable for private office and 1st floor as a laundry room/self-storage, or could be converted into adu. each townhouse style apartment is a 3-story unit that has almost all the amenities typical townhome unit has: attached 2 car garages, central a/c and heating, tankless water heater, double pane windows, recessed led lighting, balcony and sundeck. the property is fully occupied with tenants providing a stable income yet allowing future upside recapture through annual rent increases. each unit has modern amenities like quartz kitchen countertops, vinyl/wood flooring, recessed lighting, automatic garage opener, and much more.



the property has a long driveway that opens to the main residential area in the back, thus providing extra privacy and sound-barrier from florence ave traffic. parking is provided by 28 garage parking and there are several additional open space parking areas (5 open + 1 disabled + 4 spaces in the fire lane area).



the area is a mixture of residential/commercial areas with superb access to fwy 710 that connects to fwy 5, fwy 101, and fwy 105. it offers density and high demand for rental units providing a steady base of future tenants when there’s a vacancy in the future.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48247781

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Asphalt
    • Windows: Double Pane Windows
    • Property Appliances: Gas Range,Refrigerator
    • Fireplace: None
    • Flooring: Laminate,Vinyl

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2022
    • Building Area Total: 23,316
    • Roof: Asphalt

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.7401
    • Lot Size Source: Owner
    • Lot Size Square Feet: 32240

  • Listing Price Information

    • Original List Price: 7,000,000
    • Listing Contract Date: 2025-01-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6226002400
    • Tax Year: 2024
    • Annual Tax: 102383

  • Garage and Parking

    • Garage Description: Assigned,Direct Access,Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: T6 - Maywood, Bell
    • Directions: FWY710 exit Florence Ave, go west, building will be on the south side of Florence Ave
    • Source Property Type: Residential Income
    • Area: T6 - Maywood, Bell
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 3
    • Common Walls: 2+ Common Walls
    • Property Condition: Repairs Cosmetic,Updated/Remodeled
    • Structure Type: Apartment
    • Year Built Source: Owner
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 01/22/2025 @ 03:10

  • MLS: AR25003166
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 23,316 sqft, 32,240 sized lot, and 28 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Bell Gardens , in zip code 90201, this Los Angeles County Home are nearby neighborhoods.