VERY RARE R3 ZONING on 3 UNITS with an OVERSIZED LOT. Demolish and build at least 6 units or keep and rent out. Cap rate at CURRENT rents is 5.2%! Owner may be willing to evict or help raise rent. Three addresses are 5912 (922 sq 2BR), 5910 (1986 sq 3 BR), and 5906 (704 SQ 2 BR) Ludell St. 5910 Ludell is two stories with ONLY the bottom floor rented out - you can still immediately rent out the top and get at least an extra $2,000 a month and a cap rate of over 7%! And that's WITHOUT raising rents or evicting tenants!
There is a filled pool in the back that can be reinstated to add a swimming pool!
More caveats! Each unit has separate meters and THEIR OWN WASHER/DRYER hookups. Separate meters. Area is developing and is ripe for gentrification. Get in while you can!
Where else are you investing your money? Boring SFR's? Trying to build ADU's for 6 months? Even better - primary residence allows you to go conventional 5% down now!
Buyer to verify all information. Please find in supplements Property Survey and Bell Gardens R3 Zoning rules.
