5-Unit Apartment
For Sale
$1,050,000
6608 Ira, Bell Gardens, CA 90201
Income-producing residential asset with four detached buildings and rear carport parking.
Property Size2,488 SF
Days on Market54
Property Features for 6608 Ira
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Mixed Use
Building Details
Building Size
2,488 SF
Year Built
1947
Listing Agency:
REAL BROKERAGE TECHNOLOGIES
Listed By:
Alan Ramirez · License #01964515
(909) 714-3847
Source:
Archetyperealty
Added: Aug 16
Changed: Sep 26
Last Checked: Oct 7 at 4:12PM
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 REAL BROKERAGE TECHNOLOGIES
Investment Insights
Based on property information with market context.
Built in 1947, this multifamily property contains five residential units distributed across four separate buildings. Three buildings contain one unit each, while the fourth houses two units. A rear carport provides off-street parking, and the property is currently generating rental income.
Rents were recently adjusted in accordance with applicable regulations. The property is positioned near shopping, transportation, major freeways, and other local amenities. The reported gross rent multiplier is 13.50.
Rents were recently adjusted in accordance with applicable regulations. The property is positioned near shopping, transportation, major freeways, and other local amenities. The reported gross rent multiplier is 13.50.
Key Highlights
- Five residential units across four separate buildings
- Unit mix includes three single‑unit buildings and one two‑unit building
- Rear carport provides off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,034
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,680
$800.7K
Cap Rate 7%
$571,914
$571.9K
Cap Rate 9%
$444,822
$444.8K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$79.1K $31.80/SF
− Vacancy
−$6.3K −$2.54/SF
EGI
$72.8K $29.26/SF
− OpEx
−$32.8K −$13.17/SF
NOI
$40.0K $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%
$800,680
Cap Rate 7%
$571,914
Cap Rate 9%
$444,822
Alternative Uses
Best Use
Apartment 5plus
$571.9K
$500.4K – $667.2K
NOI $40,034 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,245 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
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?
Apartment building - Income-producing residential asset with four detached buildings and rear carport parking.
Where is this apartment building located?
The property is located at 6608 Ira Bell Gardens, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five residential units across four separate buildings; Unit mix includes three single‑unit buildings and one two‑unit building; Rear carport provides off‑street parking
