Duplex with Two Front
For Sale
$699,999
Pending
6938 Purdy AVE, Bell Gardens, CA 90201
Duplex in Bell Gardens with two front-facing units: a 2-bedroom and a 1-bedroom.
Property Size1,348 SF
Days on Market82
Property Features for 6938 Purdy AVE
General Information
Standard status
Pending
Size
1,348 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Building Details
Building Size
1,348 SF
Year Built
1964
Tenancy
Multi
Listing Agency:
Century 21 A Better Service
Listed By:
Steven Padilla · License #00957274
(562) 607-1036
Source:
Milsteinestates
Added: Jun 26
Changed: Sep 4
Last Checked: Sep 14 at 9:57AM
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 A Better Service
Investment Insights
Based on property information with market context.
This duplex offers two units positioned at the front of the property. One unit features 2 bedrooms and 1 bathroom, while the second unit has 1 bedroom and 1 bathroom. The layout is described as functional, providing privacy while keeping the benefits of a central location.
The property is located just off Florence Avenue in Bell Gardens. Public remarks indicate it is within walking distance of shopping centers, grocery stores, restaurants, schools, and parks, with convenient access to major freeways.
Ideal for tenants or owner-occupants who value flexible living arrangements, the duplex configuration supports multi-generational living based on the two separate unit layouts.
The property is located just off Florence Avenue in Bell Gardens. Public remarks indicate it is within walking distance of shopping centers, grocery stores, restaurants, schools, and parks, with convenient access to major freeways.
Ideal for tenants or owner-occupants who value flexible living arrangements, the duplex configuration supports multi-generational living based on the two separate unit layouts.
Key Highlights
- Two units located at the front of the property
- Unit mix: one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath
- Just off Florence Avenue in Bell Gardens
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
$23,541
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
3.36%
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%
$470,820
$470.8K
Cap Rate 7%
$336,300
$336.3K
Cap Rate 9%
$261,567
$261.6K
Market Conditions
NOI Build-Up for 1,348 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
$36.4K $27.00/SF
− Vacancy
−$2.8K −$2.05/SF
EGI
$33.6K $24.95/SF
− OpEx
−$10.1K −$7.48/SF
NOI
$23.5K $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 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%
$470,820
Cap Rate 7%
$336,300
Cap Rate 9%
$261,567
Alternative Uses
Best Use
Multifamily LT 5
$336.3K
$294.3K – $392.4K
NOI $23,541 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$721.7K
$631.5K – $842.0K
NOI $50,520 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,191
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?
Duplex - Duplex in Bell Gardens with two front-facing units: a 2-bedroom and a 1-bedroom.
Where is this duplex located?
The property is located at 6938 Purdy AVE Bell Gardens, CA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two units located at the front of the property; Unit mix: one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath; Just off Florence Avenue in Bell Gardens
