6-Unit Multifamily
For Sale
$2,100,000
6019 Gotham Street, Bell Gardens, CA 90201
Two detached buildings offer a four-bedroom house alongside five one-bedroom apartment units.
Property Size5,538 SF
Lot Size0.27 Acres
Price / SF$379.20
Days on Market384
Property Features for 6019 Gotham Street
General Information
Standard status
Active
Size
5,538 SF
Lot size
0.27 Acres
Property subtype
Apartment
Zoning
BGR3
Units
Unit Mix
1 x 4BR/2BA, 5 x 1BR/1BA
Multifamily Units
6
Building Details
Building Size
5,538 SF
Year Built
1964
Buildings
2
Listing Agency:
KW Executive
(626) 594-4901
Listed By:
Matthew Guerra · License #02022646
Source:
Velocityrealtysd
Added: Jul 28, 2025
Changed: Aug 14
Last Checked: Aug 15 at 12:28PM
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 KW Executive
Investment Insights
Based on property information with market context.
Built in 1964, this multifamily property contains 6 units across two detached buildings. The configuration includes a 4-bed/2-bath house and five 1-bed/1-bath units, with 5,538 SF of living space overall. One unit is owner-occupied, creating a mixed occupancy profile within the existing layout.
The property occupies an 11,919 SF lot and carries BGR3 zoning. Its Bell Gardens setting provides walkable access to schools and shopping, with major employment centers also identified in the surrounding area. The combination of a larger residential unit and multiple apartment units provides a varied existing configuration for multifamily ownership.
The property occupies an 11,919 SF lot and carries BGR3 zoning. Its Bell Gardens setting provides walkable access to schools and shopping, with major employment centers also identified in the surrounding area. The combination of a larger residential unit and multiple apartment units provides a varied existing configuration for multifamily ownership.
Key Highlights
- 6‑unit multifamily property with 4‑bed/2‑bath house and five 1‑bed/1‑bath units
- 5,538 SF of living space across two detached buildings
- 11,919 SF lot with BGR3 zoning
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
$89,111
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
4.24%
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%
$1,782,220
$1.8M
Cap Rate 7%
$1,273,014
$1.3M
Cap Rate 9%
$990,122
$990.1K
Market Conditions
NOI Build-Up for 5,538 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
$176.1K $31.80/SF
− Vacancy
−$14.1K −$2.54/SF
EGI
$162.0K $29.26/SF
− OpEx
−$72.9K −$13.17/SF
NOI
$89.1K $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%
$1,782,220
Cap Rate 7%
$1,273,014
Cap Rate 9%
$990,122
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,111 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.59M – $3.46M
NOI $207,552 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,105
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two detached buildings offer a four-bedroom house alongside five one-bedroom apartment units.
Where is this apartment building located?
The property is located at 6019 Gotham Street Bell Gardens, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 6‑unit multifamily property with 4‑bed/2‑bath house and five 1‑bed/1‑bath units; 5,538 SF of living space across two detached buildings; 11,919 SF lot with BGR3 zoning
