5526 Clara Street, Bell Gardens, California 90201, Bell Gardens, 90201 - bed, bath
ACTIVE$1,270,000
5526 Clara Street, Bell Gardens, California 90201
0Bed
0Bath
3,665Sqft
11,902Lot
Year Built
1962
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
$347
HOA
-
Days on market
-
Sold On
-
MLS number
DW25039637
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.27M(80th), sqft - 3665(73th), beds - undefined(50th), baths - undefined(50th).
Four-unit multi-family property offers a prime investment opportunity with strong rental potential. The property has a combination of two-bedroom and three bedroom units. Two car tandem parking for each unit. Each unit has a small yard. Close to freeway. Don't miss out on this great investment opportunity!
Nearby schools
5/10
Bell Gardens Elementary School
Public,•K-5•0.2mi
4/10
Park Avenue Elementary School
Public,•K-6•0.4mi
3/10
Garfield Elementary School
Public,•K-5•0.9mi
5/10
Cesar E. Chavez Elementary School
Public,•K-5•1.1mi
4/10
Woodlawn Avenue Elementary School
Public,•K-5•1.2mi
5/10
Suva Elementary School
Public,•K-5•1.6mi
7/10
Price Elementary School
Public,•K-5•2.4mi
4/10
Bandini Elementary School
Public,•K-5•3.0mi
3/10
Bell Gardens Intermediate School
Public,•6-8•0.4mi
4/10
Ellen Ochoa Learning Center
Public,•K-8•0.6mi
4/10
Suva Intermediate School
Public,•6-8•1.5mi
/10
Laguna Nueva School
Public,•K-8•1.5mi
4/10
Orchard Academies 2b School
Public,•6-8•2.1mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•2.3mi
7/10
Griffiths Middle School
Public,•6-8•2.3mi
4/10
Elizabeth Learning Center
Public,•K-12•0.8mi
3/10
Bell Gardens High School
Public,•9-12•1.2mi
5/10
Bell Senior High School
Public,•9-12•1.5mi
5/10
Maywood Academy High
Public,•9-12•1.8mi
7/10
Warren High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
05/01/15
Sold
$700,000
05/15/13
Sold
$600,000
01/22/04
Sold
$440,000
01/17/02
Sold
$335,000
Condition Rating
Poor
Built in 1962, this property shows significant age and lack of major updates. The images reveal extremely dated kitchens and bathrooms with original or very old wooden cabinets, laminate countertops, older white appliances, and linoleum flooring. Wall-mounted AC/heater units indicate an outdated HVAC system. While the property is functional, it requires substantial repairs and rehabilitation, particularly in the kitchen and bathrooms, to meet current quality standards and tenant expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Investment: As a four-unit multi-family property (quadruplex), it offers a prime investment opportunity with diversified income streams and strong rental potential.
Strong Rental Potential: The property is explicitly marketed with 'strong rental potential,' indicating a robust demand for rental units in the Bell Gardens area.
Tenant-Friendly Amenities: Each unit benefits from dedicated two-car tandem parking and a small private yard, enhancing tenant appeal, convenience, and retention.
Strategic Location: Its proximity to the freeway provides excellent accessibility for commuters, a significant advantage for attracting and retaining tenants.
Diverse Unit Mix: The combination of two-bedroom and three-bedroom units caters to a broader range of tenant demographics and family sizes, maximizing occupancy potential.
Cons
Age of Construction: Built in 1962, the property is over 60 years old, which may imply a need for significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization to meet current tenant expectations and maximize rental income.
Unspecified Unit Condition: The description lacks details on the current interior condition or recent renovations of the individual units, suggesting they may be in original or dated condition, potentially requiring immediate investment for tenant appeal and competitive rental rates.
Proximity to Freeway Drawbacks: While offering accessibility, being 'close to freeway' can also lead to increased noise pollution and potential traffic congestion, which might negatively impact tenant experience and property desirability for some.