6-Unit Apartment
New
For Sale
$1,250,000
6636 Granger Ave, Bell Gardens, CA 90201
Residential Income, Bell Gardens, CA
Property Size3,178 SF
Lot Size0.26 Acres
Price / SF$393.33
Days on Market3
Property Features for 6636 Granger Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BGR3*
Bedrooms
6
Bathrooms
6
Full bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 1
Parking
12
Parking features
Driveway
Directions
South of Gage Avenue and East of Garfield Avenue.
Subdivision
Bell Gardens, Bell E of 710, Commerce S of 26th
Standard status
Active
APN
6358-010-016
Size
3,178 SF
Lot size
0.26 Acres
Amenities
private patio
Building Details
Year built
1940
Floors in Building
1
Number of units
6
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Nick Petrosian · License #01462598
(949) 607-7096
Added: Sep 28
Last Checked: Sep 30 at 8:06PM
MLS# 26994079
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property contains six legally designated one-bedroom, one-bathroom apartments in two detached, single-story buildings. One apartment is currently arranged with a second bedroom. Five units received interior updates approximately within the last five years, including kitchen, bathroom, flooring, and finish work. Water heaters were replaced around that time, roofs within approximately the last two years, and plumbing improvements have also been completed. The buildings total 3,178 square feet on a 0.2554-acre parcel. Each residence has a private patio and two parking spaces. Separate gas and electric meters serve the units.
Zoning is BGR3*. The property is located at 6636 Granger Avenue in Bell Gardens, California. Rental income has approximately 25% upside, according to the property information.
Zoning is BGR3*. The property is located at 6636 Granger Avenue in Bell Gardens, California. Rental income has approximately 25% upside, according to the property information.
Key Highlights
- Six apartments, each legally designated as one bedroom and one bathroom
- Two detached, single‑story buildings totaling 3,178 square feet
- 0.2554‑acre 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
$51,137
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
4.09%
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%
$1,022,740
$1.0M
Cap Rate 7%
$730,529
$730.5K
Cap Rate 9%
$568,189
$568.2K
Market Conditions
NOI Build-Up for 3,178 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
$101.1K $31.80/SF
− Vacancy
−$8.1K −$2.54/SF
EGI
$93.0K $29.26/SF
− OpEx
−$41.8K −$13.17/SF
NOI
$51.1K $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%
$1,022,740
Cap Rate 7%
$730,529
Cap Rate 9%
$568,189
Alternative Uses
Best Use
Apartment 5plus
$730.5K
$639.2K – $852.3K
NOI $51,137 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,104 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
908
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 - Six residences occupy two separate, single-story buildings, with private patios and dedicated parking for each.
Where is this apartment building located?
The property is located at 6636 Granger Ave Bell Gardens, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six apartments, each legally designated as one bedroom and one bathroom; Two detached, single‑story buildings totaling 3,178 square feet; 0.2554‑acre lot with BGR3* zoning
