Detailed Introduction Of This Home
Unique quadruplex investment opportunity in the heart of Bell Gardens. This four-unit multifamily property, constructed in 1991, offers a rare mix of all large two-bedroom, three-bedroom, and four-bedroom units, each averaging 1,347 square feet. Originally a single-family home on a spacious lot, the property was expanded to four units in total in the 90s and has been under the same ownership for over 30 years. The current below-market rents present an extraordinary 95% upside potential, positioning this quadruplex as an attractive opportunity for investors seeking substantial returns. Given that all of the current rents are below 80% of 'Fair Market Value', they qualify with the City of Bell Gardens for an additional 3% increase, totaling 4.9% (Buyer to verify). Additionally, each unit features a private two-car garage with washer/dryer inside, as well as a private outdoor patio. The back unit's patio (#C) wraps around into a large, grassy backyard.