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.
Property Details
Property Features
Property Information:
Year Built: 1942
Stories: 2
Listing Office:
Office Name: Park Regency Realty
Office Phone: (818) 363-6116
Listing Agent: Julian Park
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Lot Features
Lot Information:
Lot Size: 0.31 Acres
School Info
Assigned Schools Information:
Bell Gardens High School, Public District Grades 9-12
Bell Gardens Intermediate School, Public District Grades 6-8
Garfield Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: DRIVE
Price Information
Listing Price Info
Price Summary:
List Price: $1,215,000
Tax Information:
Annual Amount: $9,581
Tax Year: 2021
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MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24044259
Listing Office:
Office Name: Park Regency Realty
Office Phone: (818) 363-6116
Listing Agent: Julian Park
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 7:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,581
$545,697
2020
$9,212
$539,549
2019
$8,892
$528,970
2018
$8,674
$518,599
2017
$8,674
$508,432
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Garfield Elementary School
7425 Garfield Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-5
Middle School
5
/10
Bell Gardens Intermediate School
5841 Live Oak St
Distance between this listing and this school0.22 miles
Public District Grades 6-8
High School
2
/10
Bell Gardens High School
6119 Agra St
Distance between this listing and this school0.64 miles
Public District Grades 9-12
Assigned Schools
4
/10
Garfield Elementary School
7425 Garfield Ave
Distance between this listing and this school0.52 miles
Public District Grades KG-5
Nearby Schools
5
/10
Cesar E. Chavez Elementary School
6139 Loveland St
Distance between this listing and this school0.52 miles
Public District Grades KG-5
3
/10
Bell Gardens Elementary School
5620 Quinn St
Distance between this listing and this school0.79 miles
Public Magnet Grades KG-5
Assigned Schools
5
/10
Bell Gardens Intermediate School
5841 Live Oak St
Distance between this listing and this school0.22 miles
Public District Grades 6-8
Nearby Schools
4
/10
Suva Intermediate School
6660 Suva St
Distance between this listing and this school0.94 miles
Public District Grades 6-8
3
/10
Ellen Ochoa Learning Center
5027 Live Oak St
Distance between this listing and this school0.95 miles
Public District Grades KG-8
Assigned Schools
2
/10
Bell Gardens High School
6119 Agra St
Distance between this listing and this school0.64 miles
Public District Grades 9-12
Nearby Schools
3
/10
Elizabeth Learning Center
4811 Elizabeth St
Distance between this listing and this school1.35 miles
Public District Grades KG-12
5
/10
Bell Senior High School
4328 Bell Ave
Distance between this listing and this school1.74 miles
The neighbors living near this home have an average income of $49,648. The majority of Los Angeles County, CA residents have income between $35k-100k annually. The most common type of family is married, with kids. The majority of residents in this area have high school diploma education.
This home is located at 5912 Ludell St in Bell Gardens, CA and zip code 90201 in the The Southeast neighborhood. This home, which was built in 1942, sits on a 0.31 acre lot. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $1,215,000.
In March 2024, from all listings sold in Los Angeles County, CA there were more than 1690 sold above asking price, over 1316 sold below and more than 540 were sold right at the asked price. Between February 2024 and March 2024, Los Angeles County, CA real estate market has seen increase in the number of listings by 8.6%. In March 2024 median list price was $874,066 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.