Bell Gardens, CA 90201,8042 Jaboneria Road
Bell Gardens, CA 90201,8042 Jaboneria Road
Bell Gardens, CA 90201,8042 Jaboneria Road
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$1,600,000
Est. payment /mo
Est.Price: ?

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3,212 SqFt
SOLD DATE : 09/16/2024

Key Details

Sold Price $1,600,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 3,212 sqft

Price per Sqft $498

MLS Listing ID SB-24145024

Year Built 1954

Lot Size 0.415 Acres

Property Description

Currently Two Single Family Homes and one Duplex on oversized 18k sqft lot. A large portion of the lot is completely undeveloped and is already entitled and fully approved for 4 more units (Two Duplexes) which have permits Ready to Issue and buyer can begin construction immediately. One of the homes was completely remodeled in 2023 and is collecting $2,595 in rent. All tenants are quality people and not only have zero issues but are wonderful people to work with and pay rent on time. Property is being offered at $1,650,000 which is significantly cheaper than many four unit buildings nearby that have sold with smaller lots and no approved plans. The fully approved plans give a buyer the immediate ability to significantly increase the cash flow of the property. Bids are available by request. Total construction cost for four units estimated $550k and will return to buyer $10,800 monthly or $129,600 annually or a 23% annualized return on the new 4 unit built. New construction buildings sell for an average of $509k/unit.

Location

State CA

County Los Angeles

Zoning BGR3-R3PD*

Interior

Laundry Inside

Exterior

Parking Features Gated

Garage Spaces 1.0

Pool None

Community Features Urban

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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Paul Ward

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Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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