Bellflower Multifamily Investment
For Sale
$5,150,000
9240 Palm Street, Bellflower, CA 90706
16-unit apartment building in Bellflower, Los Angeles County.
Property Size13,421 SF
Price / SF$383.73
Days on Market224
Property Features for 9240 Palm Street
General Information
Standard status
Active
Size
13,421 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$63,617
Building Details
Building Size
13,421 SF
Year Built
1963
Listing Agency:
Morgan Skenderian
Listed By:
Doug Rodermund · License #01314304
(949) 251-8800
Source:
Velocityrealtysd
Added: Feb 25
Changed: Sep 23
Last Checked: Oct 7 at 6:33PM
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 Morgan Skenderian
Investment Insights
Based on property information with market context.
Located in the city of Bellflower, Los Angeles County, the property at 9240 Palm Street presents an investment opportunity in a family-oriented community of approximately 76,000 residents. Bellflower is situated roughly 14 miles southeast of Downtown Los Angeles, 3 miles north of Orange County, and 8 miles northeast of the Pacific Coastline. The property consists of 16 units, with a mix of eight 1-bedroom/1-bathroom units and eight 2-bedroom/2-bathroom units. The property size is 13,421 square feet. On-site amenities include laundry facilities, secure parking, and patios. Notably, Bellflower does not have municipal rent control.
Key Highlights
- 16‑unit apartment building featuring a mix of 1‑bedroom/1‑bathroom and 2‑bedroom/2‑bathroom units.
- Located in Bellflower, a family‑oriented community.
- No municipal rent control.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,955
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,319,100
$4.3M
Cap Rate 7%
$3,085,071
$3.1M
Cap Rate 9%
$2,399,500
$2.4M
Market Conditions
NOI Build-Up for 13,421 SF
Gross rent
$426.8K $31.80/SF
− Vacancy
−$34.1K −$2.54/SF
EGI
$392.6K $29.26/SF
− OpEx
−$176.7K −$13.17/SF
NOI
$216.0K $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%
$4,319,100
Cap Rate 7%
$3,085,071
Cap Rate 9%
$2,399,500
Alternative Uses
Best Use
Apartment 5plus
$3.09M
$2.70M – $3.60M
NOI $215,955 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.19M
$6.29M – $8.38M
NOI $502,989 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 90706, CA
79,179
Population
24,499
Households
3.2
Avg Household Size
36
Median Age
20%
College-Educated
78%
High-School Grad
6.1 sq mi
ZIP Area
12,980
Density / Sq Mi
$77,602
Median Household Income
$38,452
Median Earnings
$1,771
Median Rent
$661,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit apartment building in Bellflower, Los Angeles County.
Where is this apartment building located?
The property is located at 9240 Palm Street Bellflower, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 16‑unit apartment building featuring a mix of 1‑bedroom/1‑bathroom and 2‑bedroom/2‑bathroom units.; Located in Bellflower, a family‑oriented community.; No municipal rent control.
