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Map
$1,094,000 - $1,336,000
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Multifamily -
In Contract
5912 Ludell Street
Bell Gardens, CA 90201
7 Beds
5 Baths
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.
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
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Multifamily
7
Beds
3
Baths
2,897 ft²
$371/ft²
$1,075,000
Feb 15, 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