6-Unit Apartment
For Sale
Contact for pricing
10919 Pioneer Boulevard, Santa Fe Springs, CA 90670
Six one-bedroom, one-bath residences include shared laundry, garages, and one in-unit laundry setup.
Property Size4,660 SF
Lot Size0.15 Acres
Price / SF$343.35
Days on Market182
Property Features for 10919 Pioneer Boulevard
General Information
Standard status
Active
Size
4,660 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Zoning
Assessor
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Amenities
common area laundry
in-unit laundry
Building Details
Buildings
1
Units
6
Listing Agency:
T.N.G. Real Estate Consultants
Listed By:
Lori Desantis · License #01836828
(562) 943-7266
Source:
Crexi
Added: Mar 4
Changed: Aug 31
Last Checked: Aug 31 at 4:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of T.N.G. Real Estate Consultants
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains six one-bedroom, one-bath residences totaling 4660 square feet on a 6353 square foot lot. Two units have undergone complete rehabs. Shared laundry serves the property, while one residence includes its own stackable washer and dryer. Garages are accessed from the rear alley.
Located at 10919 Pioneer Boulevard in Santa Fe Springs, the property offers convenient access to major freeways, employment centers, shopping, and dining. The asset is subject to California’s statewide AB1482 rent ordinance and has no local rent control. Zoning is identified as Assessor.
Located at 10919 Pioneer Boulevard in Santa Fe Springs, the property offers convenient access to major freeways, employment centers, shopping, and dining. The asset is subject to California’s statewide AB1482 rent ordinance and has no local rent control. Zoning is identified as Assessor.
Key Highlights
- 6‑unit apartment building with six one‑bedroom, one‑bath units
- 4660 square feet of living space on a 6353 square foot lot
- Two units have had complete rehabs
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
$74,983
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
4.69%
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%
$1,499,660
$1.5M
Cap Rate 7%
$1,071,186
$1.1M
Cap Rate 9%
$833,144
$833.1K
Market Conditions
NOI Build-Up for 4,660 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
$148.2K $31.80/SF
− Vacancy
−$11.9K −$2.54/SF
EGI
$136.3K $29.26/SF
− OpEx
−$61.3K −$13.17/SF
NOI
$75.0K $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%
$1,499,660
Cap Rate 7%
$1,071,186
Cap Rate 9%
$833,144
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$937.3K – $1.25M
NOI $74,983 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,646 @ 7.0% cap · market cap 10.92%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 90670, CA
17,761
Population
5,814
Households
3.1
Avg Household Size
40
Median Age
23%
College-Educated
80%
High-School Grad
8.3 sq mi
ZIP Area
2,140
Density / Sq Mi
$87,830
Median Household Income
$42,615
Median Earnings
$1,908
Median Rent
$624,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom, one-bath residences include shared laundry, garages, and one in-unit laundry setup.
Where is this apartment building located?
The property is located at 10919 Pioneer Boulevard Santa Fe Springs, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6‑unit apartment building with six one‑bedroom, one‑bath units; 4660 square feet of living space on a 6353 square foot lot; Two units have had complete rehabs
