6221 Corona AVE new Save Request In-Person Tour Request Virtual Tour
Bell Gardens,CA 90201
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25172263
HOA Y/N No
Year Built 1920
Tax Year 2025
Lot Size 10,436 Sqft
Property Sub-Type Multi Family
Property Description
Offered at $2,350,000, this fully renovated 7-unit multifamily property at 6221 Corona Ave presents a rare turnkey investment opportunity in a strong rental market. The asset consists of three separate buildings totaling 4,801 square feet on a spacious 10,435 SF lot, with all units comprehensively remodeled in 2025 to a modern standard.
The unit mix includes one detached 2 bed/1 bath with a private yard, one 3 bed/2 bath, four 1 bed/1 bath units, and one ADU, providing a balanced blend of rental sizes to attract a wide tenant base. The property is currently 100% occupied, generating a 5.21% cap rate and a GRM of 12.36, with an average price of $335,714 per unit.
With seven legal units spread across a low-maintenance layout, this is a perfect opportunity for investors seeking stable income, minimal deferred maintenance, and long-term upside. Whether you're expanding your portfolio or entering the multifamily space, 6221 Corona Ave is a standout value proposition in today's market.
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning R3
Interior
Fireplace No
Laundry Inside
Exterior
Fence Wood
Utilities Available Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Roof Type Composition
Building
Lot Description Back Yard,Front Yard,Lawn,Level,Paved
Story 2
Water Public
Others
Tax ID 6318024004
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard