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6607 Otis Avenue

Bell, CA 90201

$3,700,000 $15,599/Mo

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Overview

Bed

Bath

16,144

Sqft(Lot)

Description

Prime investment opportunity to acquire a 16-unit multifamily property in the City of Bell. This asset has strong in-place income with a current 5.7% CAP, and an estimated 20% rental upside provides a clear value-add pathway. The courtyard layout consists of (15) one-bedroom / one-bath apartments and (1) two-bedroom one-bath apartment, with a property manager on site. Notably, it is not subject to a separate City of Bell rent-stabilization ordinance adding further appeal. Current annual gross rental income is approximately $279,576, with future rent-growth potential to $337,800 based on renovated turnover units and market conditions. Water, gas, trash service, a laundry facility, and 20 uncovered parking spaces are currently included. Built in 1962 and on a 15,884 square foot lot with 8,6 76 square feet of improvements, this reflects cost of $231,250 per unit, within the City of Bell’s R-3 High-Density Multiple-Family Residential Zone. Centrally positioned within Southeast Los Angeles County near the 710, 5, 101, 105, and 60 freeways, this property benefits from excellent regional connectivity. It’s also conveniently located in close proximity to employment centers, schools, and shopping, enhancing its appeal as a valuable investment. Buyer to independently verify all income, expenses, unit count, square footage, permits, zoning, leases, rent restrictions, property condition, and all other information during due diligence. Please do not disturb tenants or management. Showings by appointment with listing agent only.

Property Details

Property Type : ResidentialIncome

Price : $3,700,000

AD Id : 89674178

MLS Id : OC26179712

Beds : 3

Lot Size : 16,144 Sqft

Year Built : 1962

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1962

Building Area Total: 8676

Stories: 2

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 16144 Lot Size Acres: 0.3706 Lot Size Source: Assessor Lot Size Square Feet: 16,144 Lot Description: SixteenToTwentyUnitsAcre

Listing Price Information

Listing Price: $3700000

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Tax Information

Parcel Number: 6325008001 Tax Lot: 17 Tax Block: C

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 20 Uncovered

Location Information

Direction: West on Florence off 710, turn right on Otis WaterSource: Public

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ByOwner last updated this listing 08/20/2026 @ 18:20

MLS: OC26179712 LISTED BY: Monica George, California Curb Appeal RPS 909-601-7069 SOURCE: CRMLS