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$ 2,350,000
Est. payment /mo
Active
6221 Corona AVE Bell Gardens, CA 90201
10,436 Sqft Lot
UPDATED:
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.
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
Listed by Albert Pacleb LA Commercial, Inc. 562-256-4684