Renovated Quadplex with Large
For Sale
$900,000
6544 Specht Ave, Bell Gardens, CA 90201
Two detached buildings provide updated residential income space with assigned parking and a sizable outdoor area.
Property Size1,936 SF
Days on Market22
Property Features for 6544 Specht Ave
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Investment
Building Details
Building Size
1,936 SF
Year Built
1948
Stories
1
Units
4
Listing Agency:
IRN Realty
Listed By:
Bing Hou · License #01026586
(626) 786-2143
Source:
Elliman
Added: Aug 15
Changed: Aug 21
Last Checked: Sep 4 at 9:38AM
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 IRN Realty
Investment Insights
Based on property information with market context.
This renovated quadplex at 6544 Specht comprises two detached buildings, a large yard, and open assigned parking for each unit. The property was built in 1948 and has received full updates throughout. Most occupants are long-term Section 8 tenants, and the property information states that the units are exempt from local rent control limits.
The property is located in Bell Gardens near major freeways, shopping centers, and local dining. WalkScore is 79, classified as Very Walkable, while BikeScore is 57, classified as Bikeable. The sale is to include 6548 Specht.
The property is located in Bell Gardens near major freeways, shopping centers, and local dining. WalkScore is 79, classified as Very Walkable, while BikeScore is 57, classified as Bikeable. The sale is to include 6548 Specht.
Key Highlights
- Renovated quadplex with two detached buildings
- Large yard with open assigned parking for each unit
- Most tenants are long‑term Section 8 occupants
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
$33,810
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
3.76%
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%
$676,200
$676.2K
Cap Rate 7%
$483,000
$483.0K
Cap Rate 9%
$375,667
$375.7K
Market Conditions
NOI Build-Up for 1,936 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
$52.3K $27.00/SF
− Vacancy
−$4.0K −$2.05/SF
EGI
$48.3K $24.95/SF
− OpEx
−$14.5K −$7.48/SF
NOI
$33.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$676,200
Cap Rate 7%
$483,000
Cap Rate 9%
$375,667
Alternative Uses
Best Use
Multifamily LT 5
$483.0K
$422.6K – $563.5K
NOI $33,810 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,152 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.04M
$907.0K – $1.21M
NOI $72,557 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
Business Placement
Demographics for 90201, CA
95,810
Population
24,989
Households
3.8
Avg Household Size
32
Median Age
7%
College-Educated
55%
High-School Grad
6.0 sq mi
ZIP Area
15,968
Density / Sq Mi
$56,824
Median Household Income
$30,264
Median Earnings
$1,623
Median Rent
$542,800
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?
Quadplex - Two detached buildings provide updated residential income space with assigned parking and a sizable outdoor area.
Where is this quadplex located?
The property is located at 6544 Specht Ave Bell Gardens, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Renovated quadplex with two detached buildings; Large yard with open assigned parking for each unit; Most tenants are long‑term Section 8 occupants
