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$995,000   Price Analysis
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8042 Garfield Ave
Bell Gardens, CA 90201
18 bed 11 bath 2,747 SqFt ($362/SqFt)
0.24 acre lot. Built 1949
Listed 2024-05-11, Taxes $4,606
Ⓧ USDA Ineligible
due to price & location

near Bell Gardens

We are pleased to present a unique investment opportunity in the heart of Bell Gardens

* Has Contingent Offer *

California. This well-maintained quadruplex is hitting the market for the first time in 40 years, offering an ideal chance for both seasoned and novice investors. Each unit offers open living areas with ample natural light. Functional kitchens equipped with essential appliances. Each unit is independently metered for gas and electricity, owner pays water and trash. Well-kept common areas with convenient on-site parking available for tenants.

Recent upgrades include new roofing on all 4 units. Close proximity to local shopping centers, parks and schools. Easy access to major highways and public transportation. This property not offers a stable rental income but also potential for capital appreciation given its good condition and desirabl location. Whether you're looking to expand your rental portfolio or step into real estate investment, this quadruplex promises to be a prudent choice. For more information or to schedule a viewing, please contact Listing Agent Rosalba Farias.


Presented by Rosalba Farias at
RE MAX Champions.
Listing Agent Photo

Property MLS #CV24088544 from CRMLS

Bedrooms: 18

Ceramic Counters
Tile Counters
Flooring: Carpet, Tile

Appliances: Water Heater
Appliances YN: Yes
Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside

All Bedrooms Down, Family Room

Full Bathrooms: 11

Fencing: Fence YN: Yes, Fencing: Chain Link, Fair Condition, Stucco Wall
Other Structures: Second Garage Detached

Carport Spaces: 2
Garage Spaces: 4
Parking Total: 4

Lot Description: 0-1 Unit/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Level, Walkstreet, Yard
Lot Size Acres: 0.2429
Lot Size Dimensions: 71 X 150
Lot Size Source: Assessor
Lot Size Square Feet: 10582

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 2
Unit-4 Garage Spaces: 2

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4
Tenant Pays: Electricity, Gas

Community Features: Biking, Park, Sidewalks, Street Lights

Source Listing Status: Active Under Contract
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1800.00
Area: T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Source Neighborhood: T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 6230025007
Postal Code Plus 4: 6208
Zoning: BGCM
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$52,289 + $83,678
$135,967
$4,606
2021$51,264 + $82,038
$133,302
$4,233
2020$50,739 + $81,197
$131,936
$4,186
2019$49,745 + $79,605
$129,350
$4,064
2018$48,770 + $78,045
$126,815
$3,862
2017$47,814 + $76,515
$124,329
$3,753
2016$46,877 + $75,015
$121,892
$3,637
2015$46,173 + $73,889
$120,062
$3,342
2014$45,269 + $72,442
$117,711
$3,195
2013$45,065 + $72,115
$117,180
$3,028
2012$44,182 + $70,701
$114,883
$2,994
2010$43,316 + $69,315
$112,631
$2,914
2009$43,096 + $68,961
$112,057
$2,666
2009$42,993 + $68,797
$111,790
$2,666
2008$42,251 + $67,609
$109,860
$2,357
2007$41,423 + $66,284
$107,707
$2,238

Price Changed 2024-05-20
$995,000
CRMLS
Listed 2024-05-11
$925,000
CRMLS
Sold 1979-11-01
$65,000
Public Record

Net Operating Income: 54600.00

Total Square Feet Living: 2747
Year Built: 1949
Building Features: 4
Common Walls: No Common Walls
Construction Materials: Drywall Walls
Entry Level: 1
Entry Location: Driveway
Foundation Details: Slab
Property Age: 75
Building Total Stories: 1
Structure Type: Quadruplex
House Style: Colonial
Year Built Source: Assessor

Electric: Standard
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2400.00
Water Source: Public

Garfield Elementary School is a public elementary school located approximately 0.5 miles away.
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Bell Gardens Intermediate School is a public middle school located approximately 0.6 miles away.
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Bell Gardens High School is a public high school located approximately 1.3 miles away.
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Heritage Christian School is a private elementary, middle and high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.