6612 Jaboneria Rd, Bell Gardens, CA 90201

1990s Quadruplex in Bell Gardens, Delivered 100% Vacant

Sold: $1,650,000

Property Highlights

4-Unit Property Built in 1991
Delivered 100% vacant at closing
Rare mix of all 2BR, 3BR and 4BR units
Huge units average 1,347 SqFt each
Originally one single-family home on large lot, expanded to 4 units in the 90s
Each unit has its own private patio; the back unit’s patio wraps around to a large, grassy backyard
Tenant buyout agreements signed prior to close
Each unit features its own private two-car garage with washer/dryer; 10 parking spaces in total (2 uncovered)
5,387 SqFt Structure on 0.26 Acre Lot, Zoned BGR3*
Under same ownership for 30+ years

The Deal Story

The Glaser Group is pleased to announce the successful closing of 6705 Heliotrope Ave, a fantastic 8-unit investment property located in a desirable pocket of Bell, CA. This was the first time the property’s had been on the market in approximately 47 years!

The mid-century apartment complex, built in 1963, offers a total of 7,360 square feet of living space, with each unit boasting 920 square feet on average. The building features a strong unit mix, including (2) spacious 1-bedroom/1-bath units, (5) large two-bed / 1-bath units and (1) large 3-bedroom/2.5-bath townhouse unit in the front. The vacant townhouse unit has access to a private outdoor patio on the 2nd level. Additionally, the property provides convenient parking options with 12 covered parking spaces in the back of the lot.

6705 Heliotrope was delivered with a huge, vacant 3-bedroom unit, and the property offers a huge opportunity for long-term rent growth with approximately 57% upside on the current rents. Notably, the City of Bell has no local rent control ordinance, allowing for 8.8% increases per State rent control laws (AB 1482). The property also provides additional income from the on-site laundry facilities, featuring two sets of

washers/dryers.

As part of a broader portfolio sale, we will be assisting our client in leveraging this newly freed-up equity to execute a multi-asset 1031 exchange. If you are considering a 1031 exchange of your own or would like to better understand your options, please reach out to my team.