Refreshed Triplex With Three-Car
New
For Sale
$899,000
6901 San Luis Ave, Bell, CA 90201
Three residential units include two one-bedroom apartments and one two-bedroom apartment.
Property Size1,958 SF
Lot Size0.16 Acres
Days on Market3
Property Features for 6901 San Luis Ave
General Information
Standard status
Active
Size
1,958 SF
Total Parking Spaces
3
Lot size
0.16 Acres
Property subtype
Investment
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Building Size
1,958 SF
Year Built
1953
Buildings
1
Stories
1
Units
3
Listing Agency:
(818) 492-4663
Listed By:
Sandee Hernandez
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 8:47AM
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 Sandee Hernandez
Investment Insights
Based on property information with market context.
This triplex at 6901 San Luis Ave includes two one-bedroom, one-bathroom apartments and a larger two-bedroom, one-bathroom unit. The exterior has been repainted, while the two-bedroom residence also features updated flooring in the living room and bedrooms along with fresh interior paint. A detached three-car garage structure is included, and the property was built in 1953.
The property sits on a 6,945-square-foot lot in Bell, California. Walk Score is 72, described as Very Walkable; Bike Score is 55, described as Bikeable; and Transit Score is 46, described as Some Transit. These metrics provide additional context for the property's access to walking, biking, and transit options.
The property sits on a 6,945-square-foot lot in Bell, California. Walk Score is 72, described as Very Walkable; Bike Score is 55, described as Bikeable; and Transit Score is 46, described as Some Transit. These metrics provide additional context for the property's access to walking, biking, and transit options.
Key Highlights
- Triplex with two 1‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit
- 6,945 sq ft lot
- 3‑car garage structure
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
$34,194
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
3.80%
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%
$683,880
$683.9K
Cap Rate 7%
$488,486
$488.5K
Cap Rate 9%
$379,933
$379.9K
Market Conditions
NOI Build-Up for 1,958 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
$52.9K $27.00/SF
− Vacancy
−$4.0K −$2.05/SF
EGI
$48.8K $24.95/SF
− OpEx
−$14.7K −$7.48/SF
NOI
$34.2K $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%
$683,880
Cap Rate 7%
$488,486
Cap Rate 9%
$379,933
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,194 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$450.1K
$393.8K – $525.1K
NOI $31,506 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.05M
$917.3K – $1.22M
NOI $73,381 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,395
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?
Triplex - Three residential units include two one-bedroom apartments and one two-bedroom apartment.
Where is this triplex located?
The property is located at 6901 San Luis Ave Bell, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Triplex with two 1‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit; 6,945 sq ft lot; 3‑car garage structure
