6608 Ira, Bell Gardens, California 90201, Bell Gardens, 90201 - 0 bed, 0 bath
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6608 Ira
Bell Gardens, California 90201
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,488Sq Ft
11,139Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,010,531
3% AboveMARKET VALUE
SUMMARY
This 5-unit multi-structure property presents a High-Potential Investment Opportunity with a List Price of $1,099,999—positioned well below the $1,148,405 Fair Market Value by 4%. This valuation gap offers $48,406 in Instant Equity. With a Fair Condition Rating, the property requires modernization of core systems to maximize rental yields. The expansive 11,139 sqft lot provides significant value-add potential for future improvements. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth in Bell Gardens.
Estimated Market Value
$1,010,531
Based on Realkey algorithm analyzing recent comparable sales in Bell Gardens.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6608 Ira Subject | $1,050,000* List Price | 0 | 0 | 2,488 | $406 | - |
A 5564 Gage Avenue Active Under Contract | $749,000 List Price | 3 | 3 | 2,029 | $369 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1947, this 77-year-old multi-unit property is significantly dated. Exterior visuals show window AC units rather than central HVAC and older electrical configurations. While the property is functional and currently generating rental income, the listing's emphasis on 'upside potential' and 'future improvements' indicates that the kitchens, bathrooms, and core systems likely require modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Structure Layout
The property features four separate residential buildings rather than a single block, offering tenants increased privacy and a lower-density feel that can improve long-term retention.
- Strong Investment Fundamentals
With a 13.50 GRM and a price of approximately $220,000 per unit, the property offers a competitive entry point for investors looking for immediate cash flow in the Los Angeles area.
- Expansive Lot Size
The large 11,139 square foot lot provides ample space for the existing units and off-street parking, while offering significant potential for future value-add improvements or ADU additions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2488, other record living area = 2402.
- Aging Infrastructure
Originally built in 1947, the property may require significant capital expenditures for repairs or modernization of major systems like plumbing and electrical to maintain its value.
- Limited Unit Square Footage
With only 2,488 total square feet across five units, the average unit size is quite small, which may limit the tenant pool to individuals or small households and cap potential rent growth.
About 6608 Ira
Welcome to 6608 Ira Ave, a 5-unit income property offering current rental income with long-term upside potential. The property features four separate residential buildings, three buildings contain one unit each, while the fourth contains two units. A rear carport provides off-street parking. At the current asking price the property offers a 13.50 GRM and a price of approximately $220,000 per unit. Current rents have recently been increased in accordance with applicable regulations. With existing income in place and opportunities for future improvements, the property offers investors the potential to improve performance over time. Conveniently located near shopping, transportation, major freeways, and other local amenities.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1947
- Lot Size
- 11,139 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bell Gardens Unified Schools
Cesar E. Chavez Elementary School
Grades K-5 • 0.2 mi
5/10
Garfield Elementary School
Grades K-5 • 0.5 mi
3/10
Suva Elementary School
Grades K-5 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,488 | 3,813 |
| Lot Size | 11,139 | 13,630 |
| Price | $1.05M | $1.12M |
| Price per sq ft | $422 | $294 |
| Built year | 1947 | 1952 |
| HOA | $0 | $0 |
| Days on market | 24 | 306 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,050,000
$1,099,999
-5% Price Drop
Initial Listing
Price Change
Aug 16, 2026
$1,099,999
Initial Listing