5815 Loveland Street, Bell Gardens, California 90201, Bell Gardens, 90201 - 4 bed, 4 bath
ACTIVE$1,800,000
5815 Loveland Street, Bell Gardens, California 90201
4Beds
4Baths
3,845Sqft
14,902Lot
Year Built
1939
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$468
HOA
-
Days on market
-
Sold On
-
MLS number
PW25023942
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.80M(93th), sqft - 3845(93th), beds - 4(79th), baths - 4(93th).
Attention investors and developers. This prime R3-zoned property, spanning and impressive 14,902 Sq. Ft., offers incredible potential for redevelopment or expansion. Currently featuring a spacious 3 bedrooms, 3 bathrooms main home with oversized bedrooms, large living room with a cozy fireplace, and an open patio. The property also includes a separate 2 bedrooms, 1 bathroom unit at the back, perfect for rental income or multi-generational living. With its generous lot size and multi-family zoning, this property is ideal for building townhomes, or muti-unit complex (buyer to verity with the city). Located in a high-demand area, this is a rare opportunity to capitalize on a booming rental market or create a lucrative development project.
Nearby schools
5/10
Cesar E. Chavez Elementary School
Public,•K-5•0.4mi
3/10
Garfield Elementary School
Public,•K-5•0.9mi
4/10
Woodlawn Avenue Elementary School
Public,•K-5•1.0mi
5/10
Bell Gardens Elementary School
Public,•K-5•1.1mi
4/10
Park Avenue Elementary School
Public,•K-6•1.2mi
5/10
Suva Elementary School
Public,•K-5•1.2mi
7/10
Price Elementary School
Public,•K-5•2.2mi
4/10
Bandini Elementary School
Public,•K-5•2.2mi
3/10
Bell Gardens Intermediate School
Public,•6-8•0.6mi
/10
Laguna Nueva School
Public,•K-8•0.9mi
4/10
Ellen Ochoa Learning Center
Public,•K-8•1.0mi
4/10
Suva Intermediate School
Public,•6-8•1.1mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•2.2mi
7/10
Griffiths Middle School
Public,•6-8•2.2mi
4/10
Orchard Academies 2b School
Public,•6-8•2.2mi
3/10
Bell Gardens High School
Public,•9-12•0.4mi
4/10
Elizabeth Learning Center
Public,•K-12•1.4mi
5/10
Bell Senior High School
Public,•9-12•1.6mi
5/10
Maywood Academy High
Public,•9-12•1.7mi
7/10
Warren High School
Public,•9-12•3.0mi
Condition Rating
Poor
Built in 1939, this property is 85 years old. The listing description and AI analysis heavily emphasize its redevelopment potential due to R3 zoning, suggesting the existing structures are not the primary value and may require significant renovation or demolition. Crucially, there are no interior images, particularly of the kitchen and bathrooms, which strongly indicates these areas are severely outdated and would require substantial rehabilitation to meet modern standards. Major systems (electrical, plumbing, HVAC) are also highly likely to be original or very old, necessitating extensive upgrades.
Pros & Cons
Pros
R3 Zoning & Redevelopment Potential: The property's R3 zoning and substantial 14,902 Sq. Ft. lot offer significant potential for multi-unit development, such as townhomes or a multi-unit complex, catering to investors and developers.
Income-Generating Auxiliary Unit: Includes a separate 2-bedroom, 1-bathroom unit, providing immediate rental income potential or flexible multi-generational living options.
High-Demand Market Location: Situated in a high-demand area with a booming rental market, enhancing its appeal for investment and future property value appreciation.
Spacious Existing Main Residence: The main home features 3 bedrooms and 3 bathrooms, oversized bedrooms, a large living room with a fireplace, and an open patio, offering comfortable living space.
Generous Lot Size: An impressive 14,902 Sq. Ft. lot provides ample space for expansion, redevelopment, or creating desirable outdoor living areas.
Cons
Age of Existing Structures: Built in 1939, the existing structures may require significant renovation, modernization, or demolition, depending on the buyer's development plans.
Development Verification Required: The description explicitly states 'buyer to verify with the city' regarding multi-unit development, indicating potential complexities or uncertainties in the approval process.
Lack of Modern Amenities/Views: The property description does not highlight modern amenities or desirable views, suggesting the existing structures might lack contemporary features or aesthetic appeal for a typical homeowner.