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    6633-1/4 Pine Ave Bell, CA 90201

    Sponsored
    For Sale
    $1,500,000

    Five-unit apartment building, high potential.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5-unit apartment building presents a compelling value-add opportunity in Bell, California. The property boasts 4,000 square feet of net rentable space, distributed across a two-story structure built in 1990. The building comprises four 2-bedroom/2-bathroom units and one 1-bedroom/1-bathroom unit, offering a diverse mix of living spaces. Ample parking is provided with five spaces, including four garages and a two-car tuck-under area. Situated on a 6,317 square-foot lot, the property enjoys a secluded location off Pine Avenue, minimizing street noise and traffic. Currently operating at 100% occupancy, the property generates a net operating income (NOI) of $29,325, with a pro-forma NOI projected at $88,950, reflecting significant upside potential. The asking price is $1,500,000, representing a price per square foot of $375 and a price per unit of $300,000. The property is zoned R3, ideal for multifamily use, and benefits from its proximity to a planned 11-unit for-sale development. This presents a unique opportunity to acquire a well-maintained property with substantial room for rent increases and improved profitability. The current cap rate is 1.96%, with a pro-forma cap rate of 5.93%, highlighting the significant potential for return on investment. This property is offered fee simple. The property's location and potential for future appreciation make it an attractive investment.

    Property Features for 6633-1/4 Pine Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,000 SF
    Class
    B

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • Modern 4,000 SF multifamily building with five units, including a two‑bedroom, two‑bath townhome and a one‑bedroom, one‑bath unit.
    • Quiet, secluded location ideal for tenants.
    • R3 zoning, perfect for multifamily investment.
    • Well‑maintained 1990s construction featuring garages.
    • Excellent potential for appreciation due to proximity to a pending adjacent development.
    • Current rents significantly below market value (50% of market rate).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bell
    County
    Los Angeles
    State
    California
    Longitude
    -118.1899321
    Latitude
    33.9756703

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building, high potential.
    Where is this multifamily property located?
    The property is located at 6633-1/4 Pine Ave Bell, CA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Modern 4,000 SF multifamily building with five units, including a two-bedroom, two-bath townhome and a one-bedroom, one-bath unit.; Quiet, secluded location ideal for tenants.; R3 zoning, perfect for multifamily investment.
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    6633-1/4 Pine Ave Bell, CA 90201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6633-1/4 Pine Ave Bell, CA 90201
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