6815 Colmar Avenue, Bell Gardens, California 90201, Bell Gardens, 90201 - bed, bath
ACTIVE$1,299,000
6815 Colmar Avenue, Bell Gardens, California 90201
0Bed
0Bath
3,813Sqft
13,630Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Income Potential: Comprising five distinct units (three SFRs and a duplex with three 2-bed and one 1-bed unit), this property offers substantial rental income generation and portfolio diversification.
Top Cons:
Property Age & Potential Deferred Maintenance: Built in 1952, the property is over 70 years old, likely requiring significant capital investment for system upgrades, structural repairs, or modernization to maximize its value and appeal.
Compared to the nearby listings
Price:$1.30M vs avg $1.30M ($-5,500)50%
Size:3,813 sqft vs avg 3,527.5 sqft50%
Price/sqft:$341 vs avg $37250%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is over 70 years old with no indication of recent major renovations. The exterior images reveal significant wear, dated windows, and window AC units, suggesting original or very old systems and finishes. The listing's own analysis highlights 'Property Age & Potential Deferred Maintenance' and 'Unspecified Unit Condition' requiring 'significant capital investment for system upgrades, structural repairs, or modernization' and 'substantial renovation costs.' While no interior photos are provided, the overall age and lack of updates strongly imply that kitchens and bathrooms are severely outdated and require substantial rehabilitation to meet modern standards and appeal.
Year Built
1952
Close
-
List price
$1.3M
Original List price
$13.95M
Price/Sqft
$341
HOA
-
Days on market
-
Sold On
-
MLS number
PW25192880
Home ConditionPoor
Features
Patio
View-
About this home
PRICE REDUCTION $$$$. Great Rental Property with 5 units consisting of 3 SFR and a duplex. Possible could live in the front 3 bedroom house with 2 car attached garage and rent out the other 4 units that consist of three 2-bed and a large 1 bed. Nice lot size with 13,630 sqft and plenty of off street parking. There is two 2-car garages and a 2 car carport along with additional uncovered spaces. Excellent rental area with long term tenants, near transportation, schools, shopping, freeways and other amenities.
Nearby schools
5/10
Cesar E. Chavez Elementary School
Public,•K-5•0.3mi
3/10
Garfield Elementary School
Public,•K-5•0.5mi
5/10
Bell Gardens Elementary School
Public,•K-5•0.9mi
5/10
Suva Elementary School
Public,•K-5•0.9mi
4/10
Park Avenue Elementary School
Public,•K-6•1.1mi
4/10
Woodlawn Avenue Elementary School
Public,•K-5•1.3mi
7/10
Price Elementary School
Public,•K-5•1.9mi
4/10
Bandini Elementary School
Public,•K-5•2.5mi
3/10
Bell Gardens Intermediate School
Public,•6-8•0.4mi
/10
Laguna Nueva School
Public,•K-8•0.7mi
4/10
Suva Intermediate School
Public,•6-8•0.8mi
4/10
Ellen Ochoa Learning Center
Public,•K-8•1.1mi
7/10
Griffiths Middle School
Public,•6-8•1.9mi
4/10
Orchard Academies 2b School
Public,•6-8•2.4mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•2.5mi
3/10
Bell Gardens High School
Public,•9-12•0.4mi
4/10
Elizabeth Learning Center
Public,•K-12•1.5mi
5/10
Bell Senior High School
Public,•9-12•1.9mi
5/10
Maywood Academy High
Public,•9-12•2.0mi
7/10
Warren High School
Public,•9-12•2.6mi
Condition Rating
Poor
Built in 1952, this property is over 70 years old with no indication of recent major renovations. The exterior images reveal significant wear, dated windows, and window AC units, suggesting original or very old systems and finishes. The listing's own analysis highlights 'Property Age & Potential Deferred Maintenance' and 'Unspecified Unit Condition' requiring 'significant capital investment for system upgrades, structural repairs, or modernization' and 'substantial renovation costs.' While no interior photos are provided, the overall age and lack of updates strongly imply that kitchens and bathrooms are severely outdated and require substantial rehabilitation to meet modern standards and appeal.
Pros & Cons
Pros
Significant Income Potential: Comprising five distinct units (three SFRs and a duplex with three 2-bed and one 1-bed unit), this property offers substantial rental income generation and portfolio diversification.
Flexible Owner-Investor Opportunity: The layout allows for an owner to occupy the front 3-bedroom house while generating income from the remaining four rental units, appealing to owner-investors.
Expansive Lot & Abundant Parking: A large 13,630 sqft lot provides ample space, complemented by two 2-car garages, a 2-car carport, and additional uncovered parking, a significant advantage in a dense urban area.
Prime Rental Market Location: Situated in an 'excellent rental area' with convenient access to transportation, schools, shopping, and freeways, ensuring consistent tenant demand and stability.
Motivated Seller / Value Opportunity: Multiple recent price reductions signal a motivated seller and present a potentially attractive entry point for investors seeking value.
Cons
Property Age & Potential Deferred Maintenance: Built in 1952, the property is over 70 years old, likely requiring significant capital investment for system upgrades, structural repairs, or modernization to maximize its value and appeal.
Implications of Long-Term Tenancy: While offering stability, long-term tenants in an older property may indicate below-market rents or potential challenges in unit turnover for renovations, impacting immediate income optimization.
Unspecified Unit Condition: The lack of detail regarding the interior condition of the individual units suggests they may be in original or dated condition, necessitating substantial renovation costs to achieve market-rate rents and attract new tenants.