List Price: $1.2M

Listing Status: Active

Original List Price: $1.25M

Days on Market: 16

6 Bedrooms · 6 Bathrooms · 3,178 sq ft

Property Type: ResidentialIncome

Year Built: 1940

Lot Size: 11,126 sq ft

MLS Number: 26994079

About This Property

PRICE REDUCED! We are pleased to present 6636 Granger Avenue, a 6-unit multifamily investment opportunity in Bell Gardens. The property shows exceptionally well and has benefited from substantial renovations and capital improvements. According to ownership, five of the six units have been extensively renovated within approximately the last five years, including updated kitchens and cabinetry, remodeled bathrooms, flooring and other interior finishes. Water heaters were also replaced during approximately this period, the roofs were replaced within approximately the last two years, and interior plumbing improvements have been completed. The property consists of six 1-bedroom/1-bath units situated across two detached, single-story buildings on an oversized approximately 11,126-square-foot lot. There is approximately 25% upside in rental income, offering investors additional income growth despite the significant improvements already completed. Each unit features a private patio and two parking spaces, while separate gas and electric meters help minimize owner-paid utility expenses. One unit is currently configured as a 2-bedroom/1-bath but is legally permitted as a 1-bedroom/1-bath.With its strong physical condition, extensive recent improvements and remaining rental upside, 6636 Granger Avenue offers investors the opportunity to acquire an improved asset with additional income growth potential.

Listing provided by: Nick Petrosian DRE #01462598 213-817-1000 nick@nickpetrosian.com, Remax Commercial and Investment Realty