Building Details

Building Size 11,238 SF

Year Built 1987

Stories 2

Listing Agency: Keller Williams Premier Properties

Listed By: Bobejo Kelley · License #02085097 Show Phone

Source: Kw

Added: Jan 23 Changed: Sep 4 Last Checked: Aug 14 at 6:02AM

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Investment Insights

Based on property information with market context.

This Bellflower property presents a rare investment opportunity, featuring multiple detached residences situated on a single 1.14-acre parcel. Located in a supply-constrained Los Angeles County submarket, the property includes additional income-producing garages. It offers stable in-place income with potential upside through rent normalization and optimization of existing garage revenue. The current operations reflect long-term tenancy, with one unit positioned for anticipated rent adjustment, supporting potential near-term income growth. This asset is suited for value-add investors, long-term hold buyers, and 1031 exchange purchasers seeking durable cash flow in a high-demand infill location. Aerial and site context is available via video. Shown subject to accepted offer, with no interior access prior to acceptance. All information to be verified by buyer.

Key Highlights

• 1.14‑acre parcel with multiple detached residences.
• Income‑producing garages provide additional revenue.
• Located in a supply‑constrained Los Angeles County submarket.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$180,828

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,616,560 $3.6M

Cap Rate 7%

$2,583,257 $2.6M

Cap Rate 9%

$2,009,200 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,238 SF

Gross rent

$357.4K $31.80/SF

− Vacancy

−$28.6K −$2.54/SF

EGI

$328.8K $29.26/SF

− OpEx

−$148.0K −$13.17/SF

NOI

$180.8K $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 Rate 5%

$3,616,560

Cap Rate 7%

$2,583,257

Cap Rate 9%

$2,009,200

Alternative Uses

Best Use

Apartment 5plus

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,828 @ 7.0% cap · market cap 4.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.02M

$5.26M – $7.02M (±1% cap)

NOI $421,175 @ 7.0% cap · market cap 10.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Law Firm Food Market Travel Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

998

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multiple detached residences on 1.14 acres in Los Angeles County.

Where is this multifamily property located?

The property is located at 15551 Cornuta Bellflower, CA.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: 1.14‑acre parcel with multiple detached residences.; Income‑producing garages provide additional revenue.; Located in a supply‑constrained Los Angeles County submarket.