Five-Unit Apartment
New
For Sale
$1,500,000
2521 S 6th, Arcadia, CA 91006
Combined detached and attached residences offer a varied multifamily configuration with covered parking and a detached garage.
Property Size4,390 SF
Days on Market3
Property Features for 2521 S 6th
General Information
Standard status
Active
Size
4,390 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
renovation
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Building Details
Building Size
4,390 SF
Year Built
1962
Buildings
2
Units
5
Listing Agency:
Douglas Elliman Real Estate
Listed By:
James Kezios · License #02112863
(818) 813-4619
Source:
Elliman
Added: Sep 14
Last Checked: Sep 15 at 5:45AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This multifamily property at 2521 S 6th in Arcadia combines a detached single-family residence with an attached four-unit building. The property contains five units, each arranged with 2 bedrooms and 1 bath. Two units offer renovation and leasing-up potential, while the attached building provides covered carport parking and the detached residence includes its own detached garage.
Built in 1962, the property may also support future accessory dwelling units, subject to city approval, applicable regulations, and buyer verification. Unit count, square footage, zoning, permits, and ADU feasibility should be independently confirmed.
Built in 1962, the property may also support future accessory dwelling units, subject to city approval, applicable regulations, and buyer verification. Unit count, square footage, zoning, permits, and ADU feasibility should be independently confirmed.
Key Highlights
- Five‑unit configuration with a detached residence and attached four‑unit building
- All five units are configured with 2 bedrooms and 1 bath
- Two units identified for renovation and lease‑up potential
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
$70,639
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
4.71%
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%
$1,412,780
$1.4M
Cap Rate 7%
$1,009,129
$1.0M
Cap Rate 9%
$784,878
$784.9K
Market Conditions
NOI Build-Up for 4,390 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
$139.6K $31.80/SF
− Vacancy
−$11.2K −$2.54/SF
EGI
$128.4K $29.26/SF
− OpEx
−$57.8K −$13.17/SF
NOI
$70.6K $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%
$1,412,780
Cap Rate 7%
$1,009,129
Cap Rate 9%
$784,878
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.0K – $1.18M
NOI $70,639 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,527 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
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Business Placement
Demographics for 91006, CA
31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Combined detached and attached residences offer a varied multifamily configuration with covered parking and a detached garage.
Where is this apartment building located?
The property is located at 2521 S 6th Arcadia, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Five‑unit configuration with a detached residence and attached four‑unit building; All five units are configured with 2 bedrooms and 1 bath; Two units identified for renovation and lease‑up potential
