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6127 Gage Avenue, Bell Gardens, California 90201, Bell Gardens, 90201 - 3 bed, 2 bath

6127 Gage Avenue, Bell Gardens, California 90201 home-pic-0
ACTIVE$899,000
6127 Gage Avenue, Bell Gardens, California 90201
3Beds
2Baths
1,521Sqft
6,979Lot
Year Built
1942
Close
-
List price
$899K
Original List price
$949K
Price/Sqft
$591
HOA
-
Days on market
-
Sold On
-
MLS number
DW25073750
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 44% below the list price. We found 3 Cons,5 Pros. Rank: price - $899.0K(86th), sqft - 1521(64th), beds - 3(50th), baths - 2(50th).

Introducing 6127 Gage Ave, a beautifully restored Spanish-style home in the heart of Bell Gardens offering the perfect blend of charm, comfort, and investment potential. This fully renovated 3-bedroom, 2-bathroom residence spans 1,521 sq ft and features a detached garage, a large backyard, and ample parking in both the front and rear of the property. The true value lies in the future: the sale includes city-approved permits to build three additional units totaling 2,591 sq ft, bringing the total potential living space to an impressive 4,112 sq ft. The approved plans include: Unit A – 1,091 sq ft, 3 bed/3 bath; Unit B – 1,086 sq ft, 3 bed/3 bath; and Unit C – 376 sq ft, studio with 1 bath. With alley access and favorable zoning, the groundwork is ready for a savvy investor or owner-user to bring this vision to life. Pro forma rents for all four units are projected at approximately $12,900/month, making this a rare opportunity to secure a turnkey property with significant income potential in a centrally located, high-demand area.

Nearby schools

5/10
Cesar E. Chavez Elementary School
Public,•K-5•0.1mi
3/10
Garfield Elementary School
Public,•K-5•0.7mi
5/10
Suva Elementary School
Public,•K-5•0.9mi
5/10
Bell Gardens Elementary School
Public,•K-5•1.3mi
4/10
Woodlawn Avenue Elementary School
Public,•K-5•1.4mi
4/10
Park Avenue Elementary School
Public,•K-6•1.5mi
7/10
Price Elementary School
Public,•K-5•1.8mi
4/10
Bandini Elementary School
Public,•K-5•2.3mi
/10
Laguna Nueva School
Public,•K-8•0.5mi
4/10
Suva Intermediate School
Public,•6-8•0.7mi
3/10
Bell Gardens Intermediate School
Public,•6-8•0.8mi
4/10
Ellen Ochoa Learning Center
Public,•K-8•1.4mi
7/10
Griffiths Middle School
Public,•6-8•1.8mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•2.6mi
4/10
Orchard Academies 2b School
Public,•6-8•2.6mi
3/10
Bell Gardens High School
Public,•9-12•0.1mi
4/10
Elizabeth Learning Center
Public,•K-12•1.8mi
5/10
Maywood Academy High
Public,•9-12•2.0mi
5/10
Bell Senior High School
Public,•9-12•2.1mi
7/10
Warren High School
Public,•9-12•2.9mi

Price History

Date
Event
Price
12/19/23
Sold
$575,000
Condition Rating
Excellent
Despite being built in 1942, the property has been 'fully renovated' as stated in the description, which is strongly supported by the images. The kitchen features new shaker-style cabinets, modern black hardware, white quartz countertops, and a contemporary black faucet. Both bathrooms are completely new with modern vanities, white marble-look tile surrounds, new tubs/toilets, and updated fixtures. Throughout the home, there is new light-toned laminate flooring, fresh white paint, new windows, and modern light fixtures (recessed lighting and flush mounts). All visible components appear new or virtually new, indicating an extensive and recent renovation.
Pros & Cons

Pros

Exceptional Development Potential: The sale includes city-approved permits to build three additional units, significantly increasing the total potential living space to 4,112 sq ft and offering substantial future value.
High Income Generation Opportunity: Pro forma rents for all four units are projected at approximately $12,900/month, presenting a rare opportunity for significant income potential for investors or owner-users.
Development-Ready with Approved Permits: The inclusion of city-approved permits and favorable zoning with alley access de-risks and accelerates the multi-unit development process, making it a turnkey investment for expansion.
Renovated Primary Residence: The existing 3-bedroom, 2-bathroom Spanish-style home is beautifully restored and fully renovated, offering immediate comfort and appeal.
Ample Parking and Large Lot: The property features a detached garage, ample parking in both the front and rear, and a generous 6,979 sq ft lot, enhancing utility and development flexibility.

Cons

Significant Price Discrepancy: The current list price of $899,000 is substantially higher than the estimated property value of $499,309.97, indicating a potential overpricing or a valuation gap not fully captured by standard models.
Substantial Additional Investment Required: While permits are approved, the construction of three additional units will necessitate significant capital outlay, project management, and time, which could be a barrier for some buyers.
Age of Original Structure: Built in 1942, the existing home, despite being renovated, may still present challenges associated with older infrastructure or require ongoing maintenance compared to newer constructions.

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