6-Unit Apartment Building with
For Sale
$1,525,000
15732 Santa Ana Ave, Bellflower, CA 90706
Residential Income, Bellflower, CA
Property Size5,056 SF
Lot Size0.15 Acres
Price / SF$301.62
Days on Market55
Property Features for 15732 Santa Ana Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BFR3*
Bedrooms
12
Bathrooms
6
Full bathrooms
1
Rooms
Bedroom 4, Bedroom 10, Bathroom 5, Bedroom 11, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 9, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 2, Bedroom 12, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 6, Laundry Room
Parking
12
Parking features
Garage
Directions
91 Freeway, Exit Lakewood Boulevard and Head North
Subdivision
Bellflower N of Alondra, W of Bellflower
Standard status
Active
APN
6271-020-016
Size
5,056 SF
Lot size
0.15 Acres
Amenities
on-site laundry
Building Details
Year built
1955
Floors in Building
2
Number of units
6
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Nicholas Petrosian · License #01462598
(949) 607-7096
Added: Jul 8
Changed: Aug 26
Last Checked: Aug 31 at 8:06AM
MLS# 26857229
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1955, this apartment property contains six two-bedroom, one-bath units totaling 5,056 square feet. The units are described as being in good condition, with most featuring wood-look vinyl flooring. The property also includes an on-site laundry room and a parking package with individual garages and open spaces.
Gas and electricity are separately metered, supporting straightforward utility allocation. The property occupies 0.1495 acres in Bellflower, California, with access to the 91, 605, and 710 freeways. BFR3* zoning is identified for the site. Current reported investment metrics include a 6.09% cap rate and a 9.93 GRM.
Gas and electricity are separately metered, supporting straightforward utility allocation. The property occupies 0.1495 acres in Bellflower, California, with access to the 91, 605, and 710 freeways. BFR3* zoning is identified for the site. Current reported investment metrics include a 6.09% cap rate and a 9.93 GRM.
Key Highlights
- Six 2‑bedroom/1‑bath apartment units
- 5,056 square feet on 0.1495 acres
- Six single‑car garages plus six open parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,627,100
$1.6M
Cap Rate 7%
$1,162,214
$1.2M
Cap Rate 9%
$903,944
$903.9K
Market Conditions
NOI Build-Up for 5,056 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$160.8K $31.80/SF
− Vacancy
−$12.9K −$2.54/SF
EGI
$147.9K $29.26/SF
− OpEx
−$66.6K −$13.17/SF
NOI
$81.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,627,100
Cap Rate 7%
$1,162,214
Cap Rate 9%
$903,944
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,355 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,487 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 90706, CA
79,179
Population
24,499
Households
3.2
Avg Household Size
36
Median Age
20%
College-Educated
78%
High-School Grad
6.1 sq mi
ZIP Area
12,980
Density / Sq Mi
$77,602
Median Household Income
$38,452
Median Earnings
$1,771
Median Rent
$661,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with all two-bedroom units, on-site laundry, and separately metered gas and electricity.
Where is this apartment building located?
The property is located at 15732 Santa Ana Ave Bellflower, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Six 2‑bedroom/1‑bath apartment units; 5,056 square feet on 0.1495 acres; Six single‑car garages plus six open parking spaces
