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Bell Gardens, CA 90201 5912 Ludell Street

$1,215,000

Pending
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Presented By: Julian Park with Park Regency Realty; 818-390-3265
  • MLS# SR24044259
  • 03/08/2024
  • Request Tour
  • Request Info
  • BedBeds • 7
  • BathBaths • 1
  • FootageSQFT • 3,612
  • GarageGarage • 2

Home Details

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.
Presented By: Julian Park with Park Regency Realty; 818-390-3265

Interior Features for 5912 Ludell Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 5912 Ludell Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBell Gardens
Community FeaturesSuburban
CountyLos Angeles
Days on Market34
DirectionsDRIVE
Entry Location1
Garage Spaces2.0
Garage Y/NYes
Gross Income72000.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet13360.0
MLS AreaT3 - Bell Gardens, Bell E of 710, Commerce S of 26
MobileHomeRemainsYNNo
Net Operating Income69000.0
New ConstructionNo
Number of Units Leased3
Operating Expense3000.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street NameLudell
Tax Lot8, 9
Tenant PaysAllUtilities
Total Units3
Trash Expense0.0
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built1942
Year Built SourceAssessor
ZoningBGR3X

Exterior for 5912 Ludell Street

Building Area Total3612.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.3067
Lot Size Area13360.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
SpaNo
Total Parking2.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,215,000
MLS#SR24044259
List Date 03/08/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors