NOT LISTED FOR SALE

6237 Orchard Ave Bell, CA 90201

12 Beds
6 Baths
4,568 Sq Ft
7,210 Sq Ft Lot

Last Sold January 12, 2023

Last sale price $1,510,000 $331 Per Sq Ft

18 Days on Market

About This Home

As of January 2023

6237 Orchard Avenue is a 6-unit multifamily investment asset located in the highly desirable rental market of Bell. The property features all two-bedroom units with 6 securitized open parking spaces on 7,210 square feet of prime Southern California land. Some features and improvements include newer windows, upgraded electrical panel and built-in wall AC's for each unit. There is approximately 25% upside in the rental income not including the 02/01/2023 effective rents which increase the rental income by 6.3%. The subject property has been in the same family since the property was built and is an excellent investment opportunity because of it's great location and substantial amount of rental upside.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 12/12/2022

Remax Commercial and Investment Realty

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,210 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • 4,568 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6318-021-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4568
  • Lot Acreage: 0.1655
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 346.98

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 78.03
  • Assessed Improvement Value: 76210
  • Assessed Land Percent: 21.97
  • Assessed Land Value: 21452
  • Total Assessed Value: 97662
  • Assessor Parcel Number: 6318-021-009
  • Lot Size Area: 7210

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.90
  • Number Of Units: 6
  • Type Of Units: Multifamily

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2023 01/12/23 Sold $1,510,000 -4.7% $331 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
12/12/2022 12/12/22 For Sale $1,585,000 -- $347 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicholas Petrosian

    Seller's Agent in 2023

    Nicholas Petrosian

    RE/MAX

    (949) 607-7096

    5 in this area

    50 Total Sales

    Nicholas Petrosian
    Section Image
  • Avinash Narang

    Buyer's Agent in 2023

    Avinash Narang

    BRC Advisors BH

    (818) 288-0697

    1 in this area

    54 Total Sales

    Avinash Narang
    Section Image
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Map

Source: The MLS

MLS Number: 22-224559

The MLS
California Los Angeles County Bell 90201

6237 Orchard Ave, Bell, CA

Not Listed for Sale

MultiFamily

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