5836 Live Oak Street, Bell Gardens, California 90201, Bell Gardens, 90201 - bed, bath
ACTIVE$1,150,000
5836 Live Oak Street, Bell Gardens, California 90201
0Bed
0Bath
3,307Sqft
11,370Lot
Year Built
1961
Close
-
List price
$1.15M
Original List price
$1.19M
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
DW24226604
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(67th), sqft - 3307(73th), beds - undefined(50th), baths - undefined(50th).
The property will be sold AS is and the owner will not make any repairs. The tenants are on a month to month, they would like to stay when the new owner buys the property. There are two units that is on Section 8, the rents are low due to the fact that they are long term tenants that's been living on the property for the past 10 years, and the owner didn't raise the rent periodically.
Nearby schools
5/10
Bell Gardens Elementary School
Public,•K-5•0.5mi
3/10
Garfield Elementary School
Public,•K-5•0.6mi
5/10
Cesar E. Chavez Elementary School
Public,•K-5•0.7mi
4/10
Park Avenue Elementary School
Public,•K-6•0.7mi
5/10
Suva Elementary School
Public,•K-5•1.2mi
4/10
Woodlawn Avenue Elementary School
Public,•K-5•1.3mi
7/10
Price Elementary School
Public,•K-5•2.0mi
4/10
Bandini Elementary School
Public,•K-5•2.9mi
3/10
Bell Gardens Intermediate School
Public,•6-8•0.0mi
4/10
Ellen Ochoa Learning Center
Public,•K-8•0.9mi
4/10
Suva Intermediate School
Public,•6-8•1.1mi
/10
Laguna Nueva School
Public,•K-8•1.1mi
7/10
Griffiths Middle School
Public,•6-8•2.0mi
4/10
Orchard Academies 2b School
Public,•6-8•2.3mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•2.5mi
3/10
Bell Gardens High School
Public,•9-12•0.9mi
4/10
Elizabeth Learning Center
Public,•K-12•1.2mi
5/10
Bell Senior High School
Public,•9-12•1.7mi
5/10
Maywood Academy High
Public,•9-12•1.9mi
7/10
Warren High School
Public,•9-12•2.4mi
Condition Rating
Poor
Built in 1961, this property is over 60 years old and is being sold 'AS IS' with no repairs from the owner. The description also indicates that rents are low due to long-term tenants and a lack of periodic rent increases, suggesting minimal investment in updates over time. While the exterior appears to have some basic upkeep (paint), the absence of interior photos combined with the 'AS IS' clause and age strongly implies that kitchens, bathrooms, flooring, and major systems are significantly outdated and likely require substantial repairs and rehabilitation to meet current standards and maximize value.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a quadruplex, offering multiple rental units and a strong potential for consistent income generation for investors.
Generous Lot Size: With a lot size of 11,370 sqft, there is significant space for potential expansion, additional amenities, or future development, subject to zoning.
Recent Price Reduction: The list price has been reduced from $1,190,000 to $1,150,000, indicating a motivated seller and potential for a more attractive acquisition price.
Stable Section 8 Tenancy: Two units are under Section 8, providing a reliable and government-backed source of rental income, which can reduce vacancy risk.
Existing Month-to-Month Leases: All tenants are on month-to-month leases, offering immediate cash flow and flexibility for the new owner to adjust rents to market rates or manage tenancy as desired.
Cons
As-Is Sale Condition: The property is being sold 'AS IS' with no repairs from the owner, meaning the buyer will be responsible for all necessary maintenance and potential capital expenditures.
Below Market Rents: Current rents are low due to long-term tenants and lack of periodic increases, requiring active management to bring them up to market value and maximize income potential.
Age of Property: Built in 1961, the property is over 60 years old, suggesting potential for outdated systems, deferred maintenance, and higher costs for renovations or repairs.