6608 Ira Avenue, Bell Gardens, California 90201, Bell Gardens, 90201 - 0 bed, 0 bath
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Bell Gardens, California 90201
This 5-Unit Multi-Family Asset is a High-Potential Investment Opportunity listed at $1,200,000, representing a fair entry point aligned with its $1,193,488 Fair Market Value. Holding a Condition Rating of 4, the property offers significant value-add potential through the modernization of its 1947 systems to capture market-rate rents. The expansive 11,139 Sqft Lot includes a rear carport and sits near Cesar E. Chavez Elementary, ensuring consistent tenant demand. This income-producing property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6608 Ira Avenue Subject | $1,200,000* List Price | 0 | 0 | 2,488 | $480 | - |
A 6406 Florence Active | $1,150,000 List Price | 0 | 0 | 3,207 | $359 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this multi-unit property is functional and occupied but shows typical signs of aging infrastructure. Exterior photos reveal dated stucco, window-mounted AC units, and older electrical meters. The listing's description of 'value-add potential' and the lack of interior photos strongly suggest that the kitchens and bathrooms are likely outdated and would require modernization to achieve market rental rates.
With current rents performing below market rates, this 5-unit property offers a clear opportunity for investors to increase cash flow and overall asset value through strategic repositioning.
The inclusion of a rear carport provides essential off-street parking, a highly competitive amenity in the Bell Gardens rental market that helps maintain high occupancy levels.
The property sits on a generous 11,139 square foot lot, providing a substantial footprint that may offer future development potential or the addition of ADUs to further maximize ROI.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2488, other record living area = 2402.
Constructed in 1947, the property may require more frequent maintenance and capital expenditures to update older systems and maintain modern safety standards.
Totaling only 2,488 square feet for five units, the average unit size is relatively small, which may limit the property's appeal to larger families and cap the maximum achievable rent per unit.
Investment Opportunity in Bell Gardens - 5 Units with Value-Add Potential Welcome to 6608 Ira Ave, a well-located 5-unit income property in the heart of Bell Gardens, offering immediate cash flow with significant upside. This property features a solid unit mix with stable tenants and current rental income in place, making it an ideal opportunity for both seasoned investors and those looking to enter the multifamily space. The property includes a rear carport providing dedicated off-street parking, a valuable amenity for tenants in this high-demand rental market. Each unit offers functional layouts, and the property has been maintained to support consistent occupancy. With current rents below market, this asset presents a clear value-add opportunity for a new owner to improve overall returns over time. Whether you're looking to hold for long-term appreciation or reposition for stronger cash flow, this property checks all the boxes. Conveniently located near major freeways, shopping, schools, and employment centers, 6608 Ira Ave benefits from strong rental demand and accessibility.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 2,488 | 3,230 | 50% |
| Lot Size | 11,139 | 8,445 | 50% |
| Price | $1.20M | $1.02M | 50% |
| Price per sq ft | $482 | $348 | 50% |
| Built year | 1947 | 1936 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 114 | 50% |
Mar 20, 2026
$1,200,000
Initial Listing