5953 Florence Ave, Bell Gardens, CA 90201-4627
- Commercial land
- 0.27 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5953 Florence Ave
- Lot size
- 0.27 lot acres
- Zone code
- BGC4*
- Property type
- Commercial land
- APN
- 6329-006-020
- APU
- 6329006020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 27, 2025 | — | Enesto Ramos | — | Deed · related | $125k · Nidia Rueda |
| Aug 18, 2025 | — | Ernesto Ramos | Divine Investment Group INC | Grant Deed | $1.8M · Champions Funding LLC |
| Oct 26, 2023 | — | Divine Investment Group INC | — | Deed · related | $338k · Juan R Villanueva |
| Aug 15, 2023 | — | Divine Investment Group INC | — | Deed · related | $1.5M · The Argus Group |
| Dec 27, 2021 | $590,000 | Divine Investment Group INC | Amelia Ruvalcaba | Grant Deed | $386k · Rcr Investments LLC |
| Mar 8, 2017 | $260,000 | Amelia Ruvalcaba | Wilson,carol R J | Grant Deed | — |
| Dec 13, 2010 | — | Carol R J Wilson | Skoglund Family Trust | Grant Deed · related | — |
| Nov 20, 2008 | — | Skoglund Family Trust | Skoglund,jennie J | Affidavit Of Death | — |
| Jul 10, 2001 | — | Skoglund,virgil J&jennie J Co- | Skoglund,v J&j J | Quit Claim Deed · related | — |
| Aug 4, 1970 | $18,000 | Virgil J Skoglund | — | Grant Deed · related | — |
Description
This exceptional 2024-built, Class A multifamily property, located at 5953 Florence Ave, Bell Gardens, CA 90201, presents a compelling investment opportunity. Comprising two, two-story buildings totaling 6,756 square feet of net rentable space, this four-unit apartment building offers four spacious units, each with a two-car garage. The property sits on an 11,768 square foot lot and is zoned BGC4. Currently vacant, the property boasts a projected Net Operating Income (NOI) of $166,750, based on a pro-forma of $4,200 monthly rent per unit. The property's modern design, beautiful landscaping, and low-maintenance features contribute to its strong appeal. Its prime location near popular destinations like Parkwest Bicycle Casino, Azalea Shopping Center, and Citadel Outlets ensures high occupancy rates and strong rental demand. Further enhancing its value, city-approved plans exist for a 3-bedroom, 2-bathroom Accessory Dwelling Unit (ADU), projected to add $3,880 in monthly income and significantly increase the property's overall value. This turnkey investment offers excellent income potential, a high capitalization rate, and significant long-term growth prospects. The property's strong financials, combined with its desirable location and future development potential, make it an ideal acquisition for discerning investors seeking a high-return, low-risk investment in the thriving Bell Gardens/Downey market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $620,000
- ML approach
- $545,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bell Gardens
- County
- Los Angeles
- State
- California
- Longitude
- -118.159
- Latitude
- 33.9676
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
