Bell Gardens, CA 90201,5912 Ludell ST
Bell Gardens, CA 90201,5912 Ludell ST
Bell Gardens, CA 90201,5912 Ludell ST
Bell Gardens, CA 90201,5912 Ludell ST
Bell Gardens, CA 90201,5912 Ludell ST
Bell Gardens, CA 90201,5912 Ludell ST
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$1,200,000

Est.Price: ?

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Est. payment /mo

0.31 Acres Lot


SOLD DATE : 06/25/2024

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 Description

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.

Location

State CA

County Los Angeles

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

Zoning BGR3X

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

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6329006034

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Julian Park • Park Regency Realty • 818-390-3265
Bought with Richard Bernal • Park Regency Realty
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+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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