12-Unit Apartment Building with On-Site
For Sale
$2,699,999
5659 Quinn Street, Bell Gardens, CA 90201
Built in 1962, this 12-unit building offers one- and two-bedroom units with separate electric and gas meters.
Property Size7,501 SF
Price / SF$359.95
Days on Market657
Property Features for 5659 Quinn Street
General Information
Standard status
Active
Size
7,501 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
12
Additional Details
Gross Income
$229,392
Amenities
laundry room
Building Details
Year Built
1962
Listing Agency:
Marcus & Millichap
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Sevengables
Added: Jan 19, 2025
Changed: Nov 5
Last Checked: Nov 4 at 5:09PM
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 Marcus & Millichap
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit apartment building was built in 1962 and contains a mix of eight two-bedroom, one-bath units and four one-bedroom, one-bath units. The property is separately metered for electricity and gas, supporting independent utility management by unit. An on-site laundry room provides additional revenue for the building.
On-site parking is available with carports, along with four garage spaces and open spaces. The layout and features are designed to be practical to operate.
The property is located near Eastern Avenue, Jaboneria Road, the 710 Freeway, and Florence Avenue, placing it close to major retailers, services, and employment centers. Tenants benefit from quick access to shopping and transit, supporting demand in this established rental area.
On-site parking is available with carports, along with four garage spaces and open spaces. The layout and features are designed to be practical to operate.
The property is located near Eastern Avenue, Jaboneria Road, the 710 Freeway, and Florence Avenue, placing it close to major retailers, services, and employment centers. Tenants benefit from quick access to shopping and transit, supporting demand in this established rental area.
Key Highlights
- 12 units total: eight two‑bedroom one‑bath and four one‑bedroom one‑bath
- Separately metered electricity and gas for each unit
- On‑site parking with carports plus four garage spaces and open spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,697
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,413,940
$2.4M
Cap Rate 7%
$1,724,243
$1.7M
Cap Rate 9%
$1,341,078
$1.3M
Market Conditions
NOI Build-Up for 7,501 SF
Gross rent
$238.5K $31.80/SF
− Vacancy
−$19.1K −$2.54/SF
EGI
$219.4K $29.26/SF
− OpEx
−$98.8K −$13.17/SF
NOI
$120.7K $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%
$2,413,940
Cap Rate 7%
$1,724,243
Cap Rate 9%
$1,341,078
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,697 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.51M – $4.69M
NOI $281,120 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
774
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1962, this 12-unit building offers one- and two-bedroom units with separate electric and gas meters.
Where is this apartment building located?
The property is located at 5659 Quinn Street Bell Gardens, CA.
What is the asking price?
The asking price for this property is $2,699,999.
What are key features of this property?
This property features: 12 units total: eight two‑bedroom one‑bath and four one‑bedroom one‑bath; Separately metered electricity and gas for each unit; On‑site parking with carports plus four garage spaces and open spaces
