LENDER OWNED 14-unit apartment community in the city of Bell, CA. 4704 Florence Ave is a newly constructed 14-unit Townhome style apartment that was completed in Dec 2022 (COO issued in 2023). The property was taken back by the lender/current owner in January 2024, providing a rare opportunity for savvy investors to buy a newly built asset that is NOT Under any Rent Control ordinance (buyer to verify – CA AB1482 Rent control kicks in on the 15th anniversary of the property) at a rock-bottom price. The subject property was appraised for over $9million back in May 2023. This investment offers a good 6.25% CAP Rate (buyer to verify) which makes it a positive leverage and cashflow deal with good future upside. This newly built property consists of 1 x 4bedroom+3bathroom, and 13 x 4bedroom+2bathroom townhouse style units that are spread over 4 different structures. The total building size is ±23,316 SF on a large ±32,240 SF C3 Zoned Lot. Each unit is large with an estimated size of ±1500-1700 SF (buyer to verify). It has the 5th building that is a 2-story building where 2nd floor is suitable for private office and 1st floor as a laundry room/self-storage, or could be converted into ADU. Each townhouse style apartment is a 3-story unit that has almost all the amenities typical townhome unit has: attached 2 car garages, central A/C and heating, Tankless water heater, Double pane windows, Recessed LED Lighting, Balcony and sundeck. The property is fully occupied with tenants providing a stable income yet allowing future upside recapture through annual rent increases. Each unit has modern amenities like quartz kitchen countertops, vinyl/wood flooring, recessed lighting, automatic garage opener, and much more. The property has a long driveway that opens to the main residential area in the back, thus providing extra privacy and sound-barrier from Florence Ave traffic. Parking is provided by 28 garage parking and there are several additional open space parking areas (5 open + 1 disabled + 4 spaces in the fire lane area). The area is a mixture of residential/commercial areas with superb access to FWY 710 that connects to FWY 5, FWY 101, and FWY 105. It offers density and high demand for rental units providing a steady base of future tenants when there’s a vacancy in the future.
Property Details
Property Features
Property Information:
Year Built: 2022
Stories: 3
Listing Office:
Office Name: Growth Investment Group Pasade
Office Email: han.chen@growthinvestmentgroup.com
Listing Agent: Han Chen
Interior Features
Interior Information:
Appliances: Gas Range, Refrigerator
Flooring Type: Laminate, Vinyl
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 28 spaces
Parking: Assigned, Direct Access, Garage
Lot Features
Lot Information:
Lot: Level, Near Public Transit
Lot Size: 0.74 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: FWY710 exit Florence Ave, go west, building will be on the south side of Florence Ave
Price Information
Listing Price Info
Price Summary:
List Price: $7,000,000
Tax Information:
Annual Amount: $16,218
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
This property is $6.3M more than the Median List Price in Bell, CA.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR25003166
Listing Office:
Office Name: Growth Investment Group Pasade
Office Email: han.chen@growthinvestmentgroup.com
Listing Agent: Han Chen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 1/9/2025, 3:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 17, 2015
Apr 17, 2015Home Sold
$850,000
Jul 01, 2008
Jul 01, 2008Home Sold
$950,000
Sep 22, 1999
Sep 22, 1999Home Sold
$375,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,218
$929,595
2020
$14,508
$920,064
2019
$13,969
$902,025
2018
$13,832
$884,339
2017
$13,832
$867,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Jaime Escalante Elementary School
4443 Live Oak St
Distance between this listing and this school0.28 miles
Public District Grades KG-6
6
/10
Teresa Hughes Elementary / Magnet School
4242 Clara St
Distance between this listing and this school0.59 miles
Public District Grades PK-6
4
/10
Woodlawn Avenue Elementary
6314 Woodlawn Ave
Distance between this listing and this school0.71 miles
Public District Grades KG-5
Nearby Schools
4
/10
Ellen Ochoa Learning Center
5027 Live Oak St
Distance between this listing and this school0.46 miles
Public District Grades PK-8
4
/10
Magnolia Science Academy Bell
6411 Orchard Ave
Distance between this listing and this school1.12 miles
Public Charter Grades 6-8
5
/10
Orchard Academies 2B
6411 Orchard Ave
Distance between this listing and this school1.12 miles
Public District Grades 6-8
Nearby Schools
4
/10
Elizabeth Learning Center
4811 Elizabeth St
Distance between this listing and this school0.42 miles
Public District Grades KG-12
6
/10
Bell High School
4328 Bell Ave
Distance between this listing and this school0.51 miles
Public District Grades 9-12
1
/10
Prepa Tec los Angeles High School
4210 Gage Ave
Distance between this listing and this school0.80 miles
The neighbors living near this home have an average income of $45,099. The most common annual income of people living in Bell, CA is between $35k-100k. Typical family type is married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4704 Florence Ave
What is the listing price of this property?
The listing price of 4704 Florence Ave property is $7,000,000.
What type of property is this?
The property 4704 Florence Ave is a condo located in Bell, California, 90201.
Is this property for sale now?
Active Listing: 4704 Florence Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,218 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 17, 2015 for $850,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 4704 Florence Ave is 2022.
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This home is located at 4704 Florence Ave in Bell, CA and zip code 90201 in the The Southeast neighborhood. This home, which was built in 2022, sits on a 0.74 acre lot. It has been listed on Rocket Homes since January 07, 2025 and is currently priced at $7,000,000.
The inventory of homes for sale in Bell, CA between November 2024 and December 2024 decreased by 8.3%. In December 2024, listings were on the market for 113 days. During the same period, the median list price in this real estate market was $699,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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