6621 Walker Avenue

  • Bell

  • $1,200,000
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Residential Income Details

Description
6621 Walker Ave is a 5-unit, NON-RENT controlled apartment building in Los Angeles. Constructed in 1957, the property consists of 3,645 rentable square feet, situated on a spacious 9,222 square foot lot with separate meters for gas and electricity. The unit mix consists of five (5) well-configured two-bedroom/1-bathroom units. Tenants enjoy easy access to public transportation, as well as the convenience of the 710 freeway that offers access to all things in Los Angeles. There are five (5) covered parking spots in the rear of the property in a secured parking lot. This true, value-add deal is priced to sell being offered with a 5.3% CAP pro-forma with over 25% upside in rental income. Moreover, the property falls right in line with sales comparables and offers an owner a great return day one. Due to its central location, excellent unit mix, and upside potential, 6621 Walker Ave would be a great income property for a first-time investor or an excellent addition to any owners portfolio.
Essential
MLS #SB18141458
Price$1,200,000
Number of Units5
Sale TypeStandard
StatusActive
Listing BrokerageLyon Stahl Investment Real Estate, Inc.
Listing AgentJ.Woody Stahl
Listing Agent BRE #01399621
Interior
Exterior
Garage Spaces0
PoolNone
Community
AreaT6 - Maywood, Bell
CommunityCurbs,Sidewalks,Storm Drains,Street Lighting
Address6621 Walker Avenue
CityBell
CountyLos Angeles
StateCA
ZipCode90201
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 27, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.