Overview
- MultiFamily
- 1920
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.
Address
Open on Google Maps- Address Corona
- City Bell Gardens
- State/county Los Angeles
- Zip/Postal Code 90201
Details
Updated on November 25, 2025 at 1:07 am- Property ID: HZSB25172263
- Price: $2,350,000
- Year Built: 1920
- Property Type: MultiFamily
- Property Status: CommercialSale
- Listed by: Albert Pacleb
- DRE #: 01882342
- Contact Mail: AP@LA-Commercial.com
- Brokered by: LA Commercial, Inc.
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