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 Market561
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
(714) 497-3550
Source:
Sevengables
Added: Mar 7, 2025
Changed: Sep 18
Last Checked: Sep 18 at 9:25AM
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
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 = 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
$120,697
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
4.47%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
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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 - 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
