Triplex with Billboard
New
For Sale
$999,999
5929 Florence Avenue, Bell Gardens, CA 90201
Each residence has two bedrooms and one bathroom, with on-site parking serving the property.
Property Size2,020 SF
Days on Market7
Property Features for 5929 Florence Avenue
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
2,020 SF
Year Built
1959
Listing Agency:
Century 21 Allstars
Listed By:
Alberto Sanchez · License #02028262
(323) 326-0133
Source:
Archetyperealty
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 9:27PM
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 Century 21 Allstars
Investment Insights
Based on property information with market context.
Built in 1959, this Bell Gardens triplex contains three residential units, each configured with two bedrooms and one bathroom. On-site parking is available, and the property includes two billboard signs that generate rental income.
The property is located on Florence Ave in Bell Gardens, with access to major freeways, shopping centers, grocery stores, and everyday amenities. Its Walk Score is 66 and its Bike Score is 50.
The property is located on Florence Ave in Bell Gardens, with access to major freeways, shopping centers, grocery stores, and everyday amenities. Its Walk Score is 66 and its Bike Score is 50.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- Two billboard signs on the property generate rental income
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,276
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,520
$705.5K
Cap Rate 7%
$503,943
$503.9K
Cap Rate 9%
$391,956
$392.0K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$54.5K $27.00/SF
− Vacancy
−$4.1K −$2.05/SF
EGI
$50.4K $24.95/SF
− OpEx
−$15.1K −$7.48/SF
NOI
$35.3K $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 Rate 5%
$705,520
Cap Rate 7%
$503,943
Cap Rate 9%
$391,956
Alternative Uses
Best Use
Multifamily LT 5
$503.9K
$441.0K – $587.9K
NOI $35,276 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$464.3K
$406.3K – $541.7K
NOI $32,503 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.08M
$946.3K – $1.26M
NOI $75,705 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,174
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
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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?
Triplex - Each residence has two bedrooms and one bathroom, with on-site parking serving the property.
Where is this triplex located?
The property is located at 5929 Florence Avenue Bell Gardens, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; Two billboard signs on the property generate rental income; Built in 1959
