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    Six-Unit Retail Building with Billboard Title is generated by Realmo AI

    9345-9361 Alondra Blvd, Bellflower, CA 90706

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    For Sale
    $5,200,000

    A well-maintained six-unit retail building with long-term tenants and recent building improvements in Bellflower.

    Type:Commercial
    Property size:
    9,276 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $560/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 3:55 am

    Property Features for 9345-9361 Alondra Blvd

    General Information

    Standard status
    Active
    Size
    9,276 SF
    Lot size
    0.51 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Ronald Tounian

    Listing agent Ronald Tounian

    Listing office

    Listing date Jun 4, 2026

    Source Elliman

    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 Ronald Tounian

    HighLights

    • Six‑unit retail building (9,276 SF) on a 0.51‑acre lot in Bellflower, built in 1979
    • Located on the NW corner of Alondra Blvd and Clark Avenue
    • Long‑term tenant mix includes Domino's Pizza, Granny's Donuts, Thai Restaurant, Electric Bikes, Hair Salon, and Nail Salon
    • More than $150,000 in improvements: new recessed lighting with sensors, remodeled units, and roof refurbishment
    • Infrastructure and mechanical updates include a new 100‑ft sewer line tied to the street sewer system and five new HVAC units
    • Parking lot resurfacing and restriping, plus full building painting, are in progress/awaiting city permit

    Overview

    This well-kept retail property consists of six units in a single retail building, totaling 9,276 square feet, situated on a 0.51-acre lot with an on-site billboard. The tenant mix includes Domino’s Pizza, Granny’s Donuts, a Thai Restaurant, Electric Bikes, a Hair Salon, and a Nail Salon. Recent improvements include new recessed lighting with sensors, remodeling in two units, roof refurbishment, and the installation of five new HVAC units. Additional work includes a new 100-foot sewer line connected to the street sewer system. The parking lot resurfacing and restriping and the full building repainting are in progress, with the owner awaiting the city permit for the parking lot work.

    The property is located on the northwest corner of Alondra Blvd and Clark Avenue in Bellflower, California.

    For buyers and investors, the building offers an established, long-term tenant base across restaurant and service-oriented uses, supported by documented capital improvements. For operators, the configuration of multiple retail units can support a variety of neighborhood-scale concepts while benefiting from the property’s existing tenant framework.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellflower
    County
    Los Angeles
    State
    California
    Longitude
    -118.1350447
    Latitude
    33.8900536

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    FAQs

    What type of property is this?
    Strip mall - A well-maintained six-unit retail building with long-term tenants and recent building improvements in Bellflower.
    Where is this strip mall located?
    The property is located at 9345-9361 Alondra Blvd Bellflower, CA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: Six‑unit retail building (9,276 SF) on a 0.51‑acre lot in Bellflower, built in 1979; Located on the NW corner of Alondra Blvd and Clark Avenue; Long‑term tenant mix includes Domino's Pizza, Granny's Donuts, Thai Restaurant, Electric Bikes, Hair Salon, and Nail Salon
    (818) 681-1222
    We can help!
    Listing Contact
    Ronald Tounian
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    9345-9361 Alondra Blvd, Bellflower, CA 90706
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