5848 Ludell Street

Bell Gardens, CA 90201

$2,050,000
Last Sold Price
10
Beds
8
Baths
5,190 Sq. Ft.
$395 / Sq. Ft.
5,190
Sq. Ft.
$395
per Sq. Ft.

Description

Located in one of the best pockets in the city of Bell Gardens, this is an ultra-rare opportunity to acquire an asset that underwent a fully vacated unit by unit renovation process. Recent improvements include but are not limited to: new tile and vinyl plank flooring, new kitchen cabinets with quartz countertops, new tile bathroom shower enclosures, new exterior paint, plumbing upgrades, and new plumbing/lighting fixtures. The rental income is steady with new tenants that have rigorously vetted during...Located in one of the best pockets in the city of Bell Gardens, this is an ultra-rare opportunity to acquire an asset that underwent a fully vacated unit by unit renovation process. Recent improvements include but are not limited to: new tile and vinyl plank flooring, new kitchen cabinets with quartz countertops, new tile bathroom shower enclosures, new exterior paint, plumbing upgrades, and new plumbing/lighting fixtures. The rental income is steady with new tenants that have rigorously vetted during the recent COVID Pandemic. A total of 8 units comprised of 2 (2+1)s and 6 (1+1)s. Separately metered for gas and electricity and individual water heaters combine for the historically low operating expense figures. Plenty of onsite parking is available.
  1. Listed by Enrique Viramontes • DRE #01372010 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 5848 Ludell Street

Zoning
BGR3PD*
Parcel Number
6328016056
Total Units
8.0
Living Area
5190
Source Living Area
Other
Area
Bell Gardens, Bell E of 710, Commerce S of 26th (T3)
Vacancy Rate
3%
Lot Size Area
12814

Location

Add your commute
LISTING UPDATED: 11/16/2020 04:41 PM

Property Details for 5848 Ludell Street

StatusSold
MLS #20-623670
Days on Market80
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.29 AC / 12,814 SF
CountyLos Angeles County

Location

Add your commute

Building Information for 5848 Ludell Street

Stories1Residences-Year Built1941Building Size-Lot Size0.29 AC / 12,814 SF

Payment Calculator

$13,786 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,188

Property Taxes

$2,598

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5848 Ludell Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 6
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $156,092
  • Net Operating Income: $111,424.00
  • Gross Income: $160,920
  • Cap Rate: 5.31%
  • Gross Rent Multiplier: $13.04
  • Total Annual Expense: 44668
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2942
  • Lot Size Square Feet: 12814
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 0
  • Parking Features: Carport
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-25-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,840.00
  • Unit Actual Rent: $3,680.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,216.00
  • Unit Actual Rent: $9,730.00
  • Unit Projected Rent: $10,500.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $248,733.00
  • Assessed Improvement Percent: 81.26
  • Assessed Land Value: $57,381.00
  • Assessed Land Percent: 18.74
  • Assessed Total Value: $306,114.00

Property History for 5848 Ludell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5848 Ludell Street

Taxable ValueLand$780,300Additions$1,352,520Total$2,132,820
Tax Record2023$31,172 ($2,598 / month)
Home Facts
Total Finished SqFt5,190 SqFtAbove Grade Finished SqFt5,190 SqFtLot Size12,814 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningBGR3PD*CountyLOS ANGELESAPN6328-016-056

Schools near 5848 Ludell Street

This home is within Montebello Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bandini Elementary School
PublicK to 5

Bell Gardens Intermediate School
Public6 to 8

Bell Gardens High School
Public9 to 12

Vail High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Enrique Viramontes, DRE #01372010

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.