Multi-Unit Property with Income
For Sale
$1,599,900
9324 Mandale Street, Bellflower, CA 90706
Multi-unit property on a large lot with income potential.
Property Size4,950 SF
Lot Size0.30 Acres
Price / SF$323.21
Days on Market686
Property Features for 9324 Mandale Street
General Information
Standard status
Active
Size
4,950 SF
Lot size
0.30 Acres
Property subtype
Multi Family
Building Details
Year Built
1941
Listing Agency:
Realty One Group West
(714) 602-2600
Listed By:
Isela Vargas · License #02013343
(714) 851-8539
Source:
Exitrealty
Added: Nov 29, 2024
Changed: Sep 1
Last Checked: Sep 15 at 6:02AM
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 Realty One Group West
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-unit property features a duplex, an Accessory Dwelling Unit (ADU), and additional living quarters with its own laundry and kitchenette. Situated on a 13,000 sq. ft. lot in an established neighborhood, the property offers potential for passive income and cash flow. The location borders Downey, providing access to dining, shopping, and entertainment. The property has a bike score of 54, indicating it is bikeable, and a walk score of 63, suggesting it is somewhat walkable.
Key Highlights
- Multi‑unit property: Duplex, ADU, and additional living quarters.
- High income potential: Ideal for passive income and cash flow.
- Large 13,000 sq. ft. lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,649
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,592,980
$1.6M
Cap Rate 7%
$1,137,843
$1.1M
Cap Rate 9%
$884,989
$885.0K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$157.4K $31.80/SF
− Vacancy
−$12.6K −$2.54/SF
EGI
$144.8K $29.26/SF
− OpEx
−$65.2K −$13.17/SF
NOI
$79.6K $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%
$1,592,980
Cap Rate 7%
$1,137,843
Cap Rate 9%
$884,989
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$995.6K – $1.33M
NOI $79,649 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,515 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,699
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-unit property on a large lot with income potential.
Where is this multifamily property located?
The property is located at 9324 Mandale Street Bellflower, CA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Multi‑unit property: Duplex, ADU, and additional living quarters.; High income potential: Ideal for passive income and cash flow.; Large 13,000 sq. ft. lot.
