3427 Bell Avenue, Bell, California 90201, Bell, 90201 - bed, bath
ACTIVE$1,600,000$2,878/sqft
3427 Bell Avenue, Bell, California 90201
0Bed
0Bath
2,878Sqft
5,564Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly described as a 'gem of an investment property' and 'great income producing property' with 5 units, offering multiple revenue streams and diversification.
Top Cons:
Property Age and Potential for Capital Expenditures: Built in 1960, the property may require significant capital investment for system upgrades (e.g., plumbing, electrical, roofing) and general modernization to maintain competitiveness and tenant satisfaction.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1960 (66 years old).
Condition: Despite being built in 1960, the interior of the unit shown has undergone a very recent and extensive renovation. The kitchen features new white shaker cabinets, modern countertops, a new stainless steel range hood, and new fixtures. The bathroom is completely updated with new vanity, toilet, modern tile on walls and floor, and new fixtures. New laminate/vinyl plank flooring, fresh paint, and recessed lighting are present throughout the living spaces. While the exterior shows its age, the critical interior components are virtually new, meeting current quality standards with no deferred maintenance visible in the renovated areas.
Year Built
1960
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$556
HOA
-
Days on market
-
Sold On
-
MLS number
DW26009539
Home ConditionExcellent
Features
View-
About this home
These 5 units is a gem of an investment property. Located in a desirable neighborhood. Close to freeways, schools, and shopping centers. All units pay their own utilities including water and trash. The water and trash services have been sub divided where tenants pay for all utilities. Great income producing property!
O
Olga Ramirez
Listing Agent
Price History
Date
Event
Price
11/25/24
Sold
$1,130,000
08/22/13
Sold
$600,000
Condition Rating
Excellent
Despite being built in 1960, the interior of the unit shown has undergone a very recent and extensive renovation. The kitchen features new white shaker cabinets, modern countertops, a new stainless steel range hood, and new fixtures. The bathroom is completely updated with new vanity, toilet, modern tile on walls and floor, and new fixtures. New laminate/vinyl plank flooring, fresh paint, and recessed lighting are present throughout the living spaces. While the exterior shows its age, the critical interior components are virtually new, meeting current quality standards with no deferred maintenance visible in the renovated areas.
Pros & Cons
Pros
Strong Investment Potential: Explicitly described as a 'gem of an investment property' and 'great income producing property' with 5 units, offering multiple revenue streams and diversification.
Owner Expense Minimization: Tenants are responsible for all utilities, including subdivided water and trash, significantly reducing the owner's operating costs and maximizing net income.
Prime Location for Tenants: Situated in a desirable neighborhood with excellent proximity to freeways, schools, and shopping centers, enhancing tenant demand and retention.
Multi-Unit Configuration (5 Units): The property comprises 5 distinct units, providing a diversified income stream and mitigating vacancy risk compared to single-unit investments.
Established Property in Bell: A 1960 build in the Bell community suggests an established rental market and potential for long-term appreciation within a stable urban environment.
Cons
Property Age and Potential for Capital Expenditures: Built in 1960, the property may require significant capital investment for system upgrades (e.g., plumbing, electrical, roofing) and general modernization to maintain competitiveness and tenant satisfaction.
Limited Information on Unit Condition and Income: The description lacks specific details regarding the current condition of the 5 units, their rental rates, occupancy status, or recent renovations, which are crucial for a comprehensive investment analysis.
Unspecified 'Mixed Use' Sub-type: While described as a 5-unit residential investment, the 'Mixed Use' sub-type is not elaborated upon, potentially raising questions about zoning, permitted uses, or any commercial components that could impact management or financing.