Check Availability
$1,094,000 - $1,336,000
Multifamily - In Contract

5912 Ludell Street

Bell Gardens, CA 90201
bedrooms
7 Beds
bathrooms
5 Baths
square feet
3612 Sqft

About This Property

VERY RARE R3 ZONING on 3 UNITS with an OVERSIZED LOT. Demolish and build at least 6 units or keep and rent out. Cap rate at CURRENT rents is 5.2%! Owner may be willing to evict or help raise rent. Three addresses are 5912, 5910, and 5906 Ludell St. 5910 Ludell is two stories with ONLY the bottom floor rented out - you can still immediately rent out the top and get at least an extra $2,000 a month and a cap rate of over 7%! And that's WITHOUT raising rents or evicting tenants!

There is a filled pool in the back that can be reinstated to add a swimming pool!

More caveats! Each unit has separate meters and THEIR OWN WASHER/DRYER hookups. Separate meters. Area is developing and is ripe for gentrification. Get in while you can!

Where else are you investing your money? Boring SFR's? Trying to build ADU's for 6 months? Even better - primary residence allows you to go conventional 5% down now!

Buyer to verify all information. Please find in supplements Property Survey and Bell Gardens R3 Zoning rules.

The manager has listed the unit size as 3612 square feet.
Unit Size
3,612Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$336
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1942
Listed By
Julian Park
Park Regency Realty

Price History

Date / Event Date Event Price
Apr 14, 2024 In contract -
In contract
Mar 8, 2024 Listed $1,215,000
Listed

Property Highlights

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
7 Beds
3 Baths
2,897 ft²
$371/ft²
$1,075,000 Feb 15, 2024
-
-
Multifamily
6 Beds
3 Baths
2,385 ft²
$414/ft²
$988,000 Feb 26, 2024
-
-
Commercial
Loft
-
2,692 ft²
$464/ft²
$1,250,000 Mar 1, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

5912 Ludell Street 5912 Ludell Street, Bell Gardens, CA 90201
  • 1 Unit for Sale
More about this Building
5912 Ludell Street
Want to find out who owns 5912 Ludell Street, Bell Gardens, CA 90201? Get detailed property transactions here .

About Bell Gardens


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