Six-Unit Retail Building with
For Sale
$5,200,000
9345 9361 Alondra Boulevard, Bellflower, CA 90706
A well-maintained six-unit retail building with long-term tenants and recent building improvements in Bellflower.
Property Size9,276 SF
Lot Size0.51 Acres
Price / SF$560.59
Days on Market117
Property Features for 9345 9361 Alondra Boulevard
General Information
Standard status
Active
Size
9,276 SF
Lot size
0.51 Acres
Property subtype
Retail
Building Details
Building Size
9,276 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
Ronald Tounian, Broker
(818) 681-1222
Listed By:
Ronald Tounian · License #00884065
Source:
Archetyperealty
Added: Apr 30
Changed: Aug 23
Last Checked: Aug 23 at 9:15AM
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, Broker
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
$205,228
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
3.95%
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%
$4,104,560
$4.1M
Cap Rate 7%
$2,931,829
$2.9M
Cap Rate 9%
$2,280,311
$2.3M
Market Conditions
NOI Build-Up for 9,276 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
$313.9K $33.84/SF
− Vacancy
−$20.7K −$2.23/SF
EGI
$293.2K $31.61/SF
− OpEx
−$88.0K −$9.48/SF
NOI
$205.2K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$4,104,560
Cap Rate 7%
$2,931,829
Cap Rate 9%
$2,280,311
Alternative Uses
Best Use
Retail
$2.93M
$2.57M – $3.42M
NOI $205,228 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.79M
NOI $347,643 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
207k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 29%
Shops & Services 26%
Electronics 6%
Superior Grocers
Groceries
39,411 visits/mo
0.4 miles
McDonald's
Dining
32,729 visits/mo
0.5 miles
King Taco
Dining
28,536 visits/mo
0.5 miles
Aldi
Groceries
19,960 visits/mo
0.5 miles
Dollar Tree
Shops & Services
18,088 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Boulevard 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
