7947 Garfield Avenue

Bell Gardens, CA 90201

$7,690,000
Price
27
Beds
47
Baths
21,793 Sq. Ft.
$353 / Sq. Ft.
21,793
Sq. Ft.
$353
per Sq. Ft.
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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...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.
  1. Listed by Avinash Narang • DRE #01448548 • Brokerage DRE #02078334 • BRC Advisors BH • 818-288-0697

Property Details for 7947 Garfield Avenue

Parking Spaces Total
48
Private Pool
No
Cooling Type
Central Forced Air
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
21793
Assessor Parcel Number
6230-013-021
LISTING UPDATED: 10/05/2024 09:13 AM

Property Details for 7947 Garfield Avenue

StatusActive
MLS #RS24095871
Days on Market188
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
CountyLos Angeles County

Building Information for 7947 Garfield Avenue

Building/Complex7947 Garfield AveFloor-Stories2Residences-Pet Policy-Year Built1989Building Size-

Property Information for 7947 Garfield Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $16,548
  • Gross Scheduled Income: $554,561
  • Vacancy Allowance: 11091
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $543,470
  • Net Operating Income: $385,168
  • Garage Income: $9,000
  • Other Income Description: Pets
  • Other Income 1: $6,300
  • Other Income 2: $1,248
  • Gross Multiplier: 13.87
  • Cap Rate: 5.01
Expense Details
  • Operating Expense: $174,850
  • New Taxes Expense: $96,462
  • Gardener Expense: $3,000
  • Fuel Expense: $0
  • Licenses Expense: $2,496
  • Pest Control Expense: $1,200
  • Electric Expense: $1,140
  • Insurance Expense: $14,165
  • Maintenance Expense: $8,000
  • Professional Management Expense: $16,791
  • Workmans Compensation Expense: $7,200
  • Other Expense: $3,000
  • Other Expense Description: Reserve
  • Trash Expense: $8,196
  • Water Sewer Expense: $13,200
  • Total Expenses: $174,850
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 11124
  • Tax Census Tract: 5342.02
  • CFD/Mello-Roos Fee: $5,587
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Up, Family Room, Kitchen
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre, Lot 20000-39999 Sqft, Near Public Transit
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Electric: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 16
  • Parking: Yes
  • Parking Garage: Garage, Parking Space
  • Uncovered Spaces: 16
  • Open Other Spaces Total: 16
  • Parking Garage Spaces: 16
  • Carport Spaces: 16
  • Parking Features: Garage, Parking Space
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,690
  • Unit Type Total Rent: $2,690
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,026
  • Unit Type Total Rent: $3,026
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,300
  • Unit Type Total Rent: $3,300
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,802
  • Unit Type Total Rent: $2,802
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,225
  • Unit Type Total Rent: $3,225
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,210
  • Unit Type Total Rent: $3,210
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,669
  • Unit Type Total Rent: $2,669
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1

Property History for 7947 Garfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7947 Garfield Avenue

Taxable ValueLand$1,560,600Additions$5,755,110Total$7,315,710
Tax Record2024$89,809 ($7,484 / month)
Home Facts
Total Finished SqFt21,793 SqFtAbove Grade Finished SqFt21,793 SqFtLot Size29,303 SqFtStyleMulti-Family Res (5+ Units)Year Built1989ZoningBGCM*CountyLOS ANGELESAPN6230-013-021

Schools near 7947 Garfield Avenue

This home is within Montebello Unified School District.
Rating
School
Type
Grades
Distance
Garfield Elementary School
Public - K to 5
Bell Gardens Intermediate School
Public - 6 to 8
Bell Gardens High School
Public - 9 to 12
Vail High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicK to 5

Bell Gardens Intermediate School
Public6 to 8

Bell Gardens High School
Public9 to 12

Vail High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7947 Garfield Avenue, Bell Gardens, CA 90201

7947 Garfield Avenue is a multi-family home for sale in Bell Gardens, CA 90201. This property was listed for sale on May 17, 2024 by BRC Advisors BH, it's currently listed at $7,690,000. It has been on the market for a total of 188 days and was last sold on May 4, 2022. This listing's school district is Montebello Unified School District. Nearby schools include Garfield Elementary School, Bell Gardens Intermediate School and Bell Gardens High School. 7947 Garfield Avenue is a 27-bed, 47-bath, 21,793 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BRC Advisors BH, Avinash Narang, DRE #01448548

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.