Los Angeles, Residential Income – 6317 Flora Ave, Bell, CA 90201, USA -001-11-30T00:00:00-08:00
Flora Avenue Apartments is a 40-unit apartment community located in the city Bell, California. Built in 1956, Flora Avenue Apartments represent an opportunity to acquire a mid-size apartment community in Los Angeles County that is not subject to rent control
6317 Flora Ave, Bell, CA 90201, USA
$9,900,000 USD
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Address6317 Flora Avenue, Bell
Price$9,900,000
Year Built1956
Bedrooms Total0
Living Area35,970 ft2
Lot Size (Sq.Ft.)66,211
Listing IDOC17073081
StatusActive
Parcel Number6317025006
ZoningBLR3
Special ConditionsStandard
Days on Market108

Detailed Description: Flora Avenue Apartments is a 40-unit apartment community located in the city Bell, California. Built in 1956, Flora Avenue Apartments represent an opportunity to acquire a mid-size apartment community in Los Angeles County that is not subject to rent control. The property is located on a quiet residential street near the intersection of Gage Avenue and Atlantic Avenue and consists of 10, two-story buildings totaling 35,970 sq.ft situated on a 1.52 acre lot. The property is comprised of 20, two-bedroom / one-bathroom units and 20, three-bedroom / one-bathroom units.

Pool Private
Rent Control
Property Attached
Land Lease

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Address Information
Address6317 Flora Avenue, Bell
Street SuffixAvenue
CityBell
Location (MLS Area)699 – Not Defined
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90201
Postal Code Plus41249
CountryUS
Financial Information
Price per Square Foot$275.23
Price per Lot Square Foot$149.52
Special ConditionsStandard
Total Expenses$281,173
Professional Management Expense$17,453
Operating Expense$281,173
Insurance Expense$7,000
Electric Expense$12,800
Water Sewer Expense$12,800
Trash Expense$10,416
Maintenance Expense$20,000
Other Expense DescriptionOther
Other Expense$26,600
Gross Operating Income$581,778
Gross Income$599,400
Gross Scheduled Income$599,400
Net Operating Income$300,605
Total Actual Rent$48,950
Tax Year2000
Tax Lot28
New Taxes Expense$157,704
Full Descriptions
Parcel Number6317025006
Detailed DescriptionFlora Avenue Apartments is a 40-unit apartment community located in the city Bell, California. Built in 1956, Flora Avenue Apartments represent an opportunity to acquire a mid-size apartment community in Los Angeles County that is not subject to rent control. The property is located on a quiet residential street near the intersection of Gage Avenue and Atlantic Avenue and consists of 10, two-story buildings totaling 35,970 sq.ft situated on a 1.52 acre lot. The property is comprised of 20, two-bedroom / one-bathroom units and 20, three-bedroom / one-bathroom units.
Lot FeaturesLandscaped
Community FeaturesSidewalks
Water SourcePublic
Pool FeaturesNone
Property parameters
Year Built1956
Living Area (Sq.Ft.)35,970 ft2
Lot Size (Sq.Ft.)66,211
Lot Size SourceAssessor
Number of Buildings10
Number of Units Leased40
Number of Units Total40
ZoningBLR3
Parking Spaces40
LevelsTwo
Carport Spaces40
Water SourcePublic
Units Total40
Year Built SourceAssessor
Vacancy Allowance Rate3%
Number of Separate Electric Meters40
Number of Separate Gas Meters40
Listed withTyler Leeson (Marcus & Millichap RE Invest)