Rare opportunity to acquire a well-maintained, 16-unit property in Bell Gardens featuring attractive 100% three-bedroom, two-and-a-half bathroom townhomes with an average unit size of ±1,362 square feet, offering a total of 48 bedrooms and 48 bathrooms, complemented by private two-car garages per unit and private patios, boasting spacious layouts designed for family comfort; this property, built in 1989, spans 21,793 square feet and sits on a generous lot of 29,303 square feet, with a current cap rate of 5.01% and a market cap rate of 6.75%, priced at $7,690,000, showcasing well-maintained exteriors with professional landscaping, ample parking including 16 guest spaces and 32 garage spaces, central HVAC units in each unit for year-round comfort, laundry hookups available in all garages, and convenient access to local shopping centers, parks, schools, and major highways, making it an ideal investment opportunity in a community-friendly neighborhood.
Property Details
Property Features
Property Information:
Year Built: 1989
Stories: 2
Listing Office:
Office Name: BRC Advisors BH
Office Phone: (818) 288-0697
Listing Agent: Avinash Narang
Interior Features
Interior Information:
Interior: All Bedrooms Up
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 16 spaces
Parking: Garage, One Space
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 0.67 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
Other
Directions Information:
Directions: 710 Fwy exit Garfield Avenue to address
Price Information
Listing Price Info
Price Summary:
List Price: $7,690,000
Tax Information:
Annual Amount: $31,773
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Bell Gardens, CA.
This property is $7.0M more than the Median List Price in Bell Gardens, CA.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #RS24095871
Listing Office:
Office Name: BRC Advisors BH
Office Phone: (818) 288-0697
Listing Agent: Avinash Narang
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: 11/23/2024, 4:20:50 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
Jul 15, 2004
Jul 15, 2004Home Sold
$3,200,000
May 27, 2003
May 27, 2003Home Sold
$1,805,000
Mar 20, 1997
Mar 20, 1997Home Sold
$970,000
Aug 19, 1988
Aug 19, 1988Home Sold
$385,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$31,773
$2,326,770
2020
$30,607
$2,296,084
2019
$31,033
$2,251,063
2018
$30,332
$2,206,926
2017
$30,332
$2,163,654
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
5
/10
Garfield Elementary
7425 Garfield Ave
Distance between this listing and this school0.46 miles
Public District Grades KG-5
6
/10
Bell Gardens Elementary
5620 Quinn St
Distance between this listing and this school0.59 miles
Public District Grades KG-5
4
/10
Park Avenue Elementary School
8020 Park Ave
Distance between this listing and this school0.92 miles
Public District Grades KG-6
Nearby Schools
6
/10
Bell Gardens Intermediate
5841 Live Oak St
Distance between this listing and this school0.52 miles
Public District Grades 6-8
5
/10
Suva Intermediate
6660 Suva St
Distance between this listing and this school1.00 miles
Public District Grades 6-8
4
/10
Ellen Ochoa Learning Center
5027 Live Oak St
Distance between this listing and this school1.21 miles
Public District Grades PK-8
Nearby Schools
3
/10
Bell Gardens High School
6119 Agra St
Distance between this listing and this school1.20 miles
Public District Grades 9-12
4
/10
Elizabeth Learning Center
4811 Elizabeth St
Distance between this listing and this school1.48 miles
Public District Grades KG-12
5
/10
International Studies Learning
5225 Tweedy Blvd
Distance between this listing and this school1.72 miles
The neighbors living near this home have an average income of $61,859. The most common annual income of people living in Bell Gardens, CA is between $35k-100k. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7947 Garfield Ave
What is the listing price of this property?
The listing price of 7947 Garfield Ave property is $7,690,000.
What type of property is this?
The property 7947 Garfield Ave is a condo located in Bell Gardens, California, 90201.
Is this property for sale now?
Active Listing: 7947 Garfield 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 $31,773 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 15, 2004 for $3,200,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 7947 Garfield Ave is 1989.
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This home is located at 7947 Garfield Ave in Bell Gardens, CA and zip code 90201 in the The Southeast neighborhood. This home, which was built in 1989, sits on a 0.67 acre lot. It has been listed on Rocket Homes since May 26, 2024 and is currently priced at $7,690,000.
The median list price of listings available in October 2024 was $672,000, while the average time on the real estate market was 89 days.
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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