4231 Walnut Street, Bell, California 90201, Bell, 90201 - bed, bath
ACTIVE UNDER CONTRACT$1,000,000
4231 Walnut Street, Bell, California 90201
0Bed
0Bath
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
DW24159368
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.00M(47th), sqft - 2914(60th), beds - undefined(50th), baths - undefined(50th).
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
08/16/25
Price Change
$1,000,000
08/02/24
Listing
$1,150,000
12/23/08
Sold
$495,000
10/09/03
Sold
$361,000
Condition Rating
Fair
The property, built in 1959, is aged but has received some maintenance, including a new roof 2 years ago and renovations in two of the units in 2018. However, the images reveal that even the renovated units feature dated kitchens with older appliances, basic cabinets, and laminate/tile countertops. Bathrooms also appear functional but outdated with basic vanities and older tile work. Flooring throughout is consistent ceramic tile, which is durable but not modern. While functional, the property requires minor updates to bring it to current aesthetic standards, aligning with the 'Fair' condition criteria of being aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
Multi-Unit Investment: As a quadruplex, the property offers four separate income-generating units, providing diversified rental income streams and reducing vacancy risk.
Individual Utility Metering: Each unit has its own meter, simplifying utility management and billing for the landlord, and reducing operating expenses.
Recent Capital Improvements: A new roof installed 2 years ago and renovations in two units (2018) indicate proactive maintenance and reduced immediate capital expenditure for a new owner.
Immediate Occupancy/Rental Potential: One unit will be delivered vacant, offering immediate flexibility for a new owner to set market rent, select a new tenant, or potentially owner-occupy.
Dedicated Parking: The property includes rear parking with one carport spot and one uncovered spot, a valuable amenity for tenants in an urban setting.
Cons
Age of Property & Infrastructure: Built in 1959, the property is over 60 years old, which may imply aging infrastructure (e.g., plumbing, electrical) in unrenovated areas, potentially leading to higher maintenance costs.
Partial Unit Renovations: Only two of the four units were renovated in 2018, suggesting the remaining two units may require significant investment to modernize and maximize rental income potential.
Compact Unit Sizes: With each unit offering 729 sqft, the smaller size might limit the tenant demographic or rental income potential compared to properties with larger units.