Ten-Unit Apartment Property in
For Sale
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6800 Wilcox Ave, Bell, CA 90201
Ten-unit apartment building with private garages and laundry hookups.
Property Size6,635 SF
Price / SF$422
Days on Market193
Property Features for 6800 Wilcox Ave
General Information
Standard status
Active
Size
6,635 SF
Property subtype
Multifamily
Zoning
R3
Net Operating Income
$162,933
Building Details
Year Built
1950
Units
10
Listing Agency:
Legaspi Commercial, Inc
(562) 205-1700
Listed By:
Gil Legaspi · License #CA 01524247
Source:
Crexi
Added: Feb 11
Changed: Aug 17
Last Checked: Aug 22 at 4:24PM
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 Legaspi Commercial, Inc
Investment Insights
Based on property information with market context.
Located in the City of Bell, California, this property features ten apartment units. The unit mix includes one two-bedroom, one-bath unit and nine one-bedroom, one-bath units. Each unit is equipped with its own private garage and individual washer and dryer hookups. The property is currently operating at a 5.82% cap rate, offering stable in-place cash flow with long-term upside potential. The City of Bell is a dense infill Los Angeles County market with strong rental demand due to its central location and proximity to major employment centers and transportation corridors. The property size is 6,635 square feet.
Key Highlights
- 10‑unit apartment property in Bell, California.
- Each unit has a private garage with washer and dryer hookups.
- Currently operating at a 5.82% cap rate.
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
$106,762
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
3.81%
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%
$2,135,240
$2.1M
Cap Rate 7%
$1,525,171
$1.5M
Cap Rate 9%
$1,186,244
$1.2M
Market Conditions
NOI Build-Up for 6,635 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
$211.0K $31.80/SF
− Vacancy
−$16.9K −$2.54/SF
EGI
$194.1K $29.26/SF
− OpEx
−$87.4K −$13.17/SF
NOI
$106.8K $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%
$2,135,240
Cap Rate 7%
$1,525,171
Cap Rate 9%
$1,186,244
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.33M – $1.78M
NOI $106,762 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,665 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,149
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 - Ten-unit apartment building with private garages and laundry hookups.
Where is this apartment building located?
The property is located at 6800 Wilcox Ave Bell, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 10‑unit apartment property in Bell, California.; Each unit has a **private garage with washer and dryer hookups**.; Currently operating at a 5.82% cap rate.
