$ 1,200,000 $ 1,215,000 1.2%

5912 Ludell ST

Bell Gardens, CA 90201

  • 0.31 Lot Size
  • 1942 Year Built
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 (922 sq 2BR), 5910 (1986 sq 3 BR), and 5906 (704 SQ 2 BR) 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.
Listed by Park Regency Realty , Sold By Park Regency Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $1,200,000

    Property Type Multi-Family

    Sub Type Triplex

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID SR24044259

    Sold Date 06/25/24

    HOA Y/N No

    Year Built 1942

    Lot Size 0.307 Acres

    Property Sub-Type Triplex

  • Location

    State CA

    County Los Angeles

    Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26

    Zoning BGR3X

  • Building

    Lot Description 0-1 Unit/Acre

    Story 2

    Sewer Public Sewer

    Water Public

    New Construction No

  • Interior

    Fireplace No

    Laundry See Remarks

  • Exterior

    Garage Spaces 2.0

    Garage Description 2.0

    Pool None

    Community Features Suburban

    Total Parking Spaces 2

    Private Pool No

  • Others

    Senior Community No

    Tax ID 6329006034

    Acceptable Financing Conventional

    Listing Terms Conventional

    Financing Conventional

    Special Listing Condition Standard

CONTACT

Julian Park

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