4231 Walnut Street, Bell, California 90201, Bell, 90201 - 8 bed, 4 bath
ACTIVE UNDER CONTRACT$1,000,000
4231 Walnut Street, Bell, California 90201
8Beds
4Baths
2,914Sqft
5,009Lot
Year Built
1959
Close
-
List price
$1M
Original List price
$1.15M
Price/Sqft
$343
HOA
-
Days on market
-
Sold On
-
MLS number
DW24145516
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.00M(47th), sqft - 2914(60th), beds - 8(93th), baths - 4(93th).
Discover an exceptional investment opportunity in the vibrant city of Bell! This property features four separate units, each with its own meter, ensuring ease of management and individual utility billing. With recent upgrades, including a new roof 2 years ago and renovations in two of the units 2018 , this property stands out as a smart and secure investment. One unit will be delivered vacant, offering immediate occupancy potential for new tenants or personal use. offering 729 sqft each unit and parking in rear with one carport spot and one uncovered
Nearby schools
4/10
Teresa Hughes Elementary School
Public,•K-6•0.3mi
4/10
Jaime Escalante Elementary School
Public,•K-6•0.3mi
4/10
Park Avenue Elementary School
Public,•K-6•1.3mi
5/10
Tweedy Elementary School
Public,•K-5•1.9mi
4/10
Orchard Academies 2b School
Public,•6-8•0.7mi
4/10
Ellen Ochoa Learning Center
Public,•K-8•0.9mi
5/10
South Gate Middle School
Public,•6-8•1.2mi
5/10
Bell Senior High School
Public,•9-12•0.4mi
4/10
Elizabeth Learning Center
Public,•K-12•0.8mi
5/10
Maywood Academy High
Public,•9-12•1.0mi
6/10
South Gate Senior High School
Public,•9-12•1.4mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.1mi
Price History
Date
Event
Price
08/31/25
Price Change
$1,000,000
07/25/24
Listing
$1,150,000
12/23/08
Sold
$495,000
10/09/03
Sold
$361,000
Condition Rating
Fair
Built in 1959, this property is aged. While the listing mentions a new roof (2 years ago) and renovations in two units (2018), the provided images of the kitchens and bathrooms consistently show very dated styles, basic materials, and older appliances. The flooring is basic tile throughout, and light fixtures are simple flush mounts. The property appears functional and maintained, but the interiors, even in the 'renovated' units, are significantly outdated and would require substantial cosmetic updates to appeal to modern buyers, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Quadruplex Investment: This property is a quadruplex, offering four separate units, which presents an exceptional investment opportunity for consistent rental income.
Separate Utility Meters: Each unit features its own utility meter, simplifying management for the owner and ensuring individual tenant responsibility for utility costs.
Recent Major Capital Improvement: A new roof was installed 2 years ago, significantly reducing immediate capital expenditure for the new owner and enhancing property longevity.
Vacant Unit for Flexibility: One unit will be delivered vacant, providing immediate occupancy potential for a new tenant at market rates or for owner-occupancy.
Partial Unit Renovations: Two of the units were renovated in 2018, which can attract quality tenants and potentially command higher rental income for those units.
Cons
Age of Property & Inconsistent Updates: Built in 1959, the property is older, and with only two units renovated in 2018, the remaining two units may require significant updates to meet modern standards and maximize rental potential.
Recent Price Reduction: The property experienced a $150,000 price reduction from its original list price, which could suggest initial overpricing or market resistance.
Limited Parking: Parking is limited to one carport spot and one uncovered spot in the rear for four units, which may be insufficient for all tenants and could be a drawback in a dense urban area.