Bellflower Mixed-Use Multifamily/Retail
For Sale
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17819 Clark Ave, Bellflower, CA 90706
Mixed-use property with multifamily and retail units in Bellflower.
Property Size10,041 SF
Lot Size0.51 Acres
Price / SF$234.04
Days on Market864
Property Features for 17819 Clark Ave
General Information
Standard status
Active
Size
10,041 SF
Total Parking Spaces
24
Lot size
0.51 Acres
Property subtype
Retail, Multifamily, Mixed Use
Zoning
R-2/C-G
Occupancy
100%
Net Operating Income
$111,050
Building Details
Year Built
1949
Buildings
11
Stories
1
Units
12
Tenancy
Multi
Listing Agency:
CBRE LA
Listed By:
Jenny Eng · License #CA 01931224
(239) 631-8788
Source:
Crexi
Added: Jun 11, 2024
Changed: Oct 16
Last Checked: Oct 20 at 8:12PM
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 CBRE LA
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Investment Insights
Based on property information with market context.
Located in Bellflower, California, this mixed-use property features both multifamily and retail components. The property, constructed in 1949 and 1954, totals 10,041 square feet across 11 buildings situated on a lot of approximately 22,101 square feet. The property includes eight standalone bungalow-style multifamily structures, four retail units, and a separate laundry facility. The multifamily structures consist of six studio/one-bath units, one two-bedroom/one-bath unit, and one three-bedroom/one-bath unit. All residential buildings have been upgraded with new roofing, dual-paned windows, and electrical panels. The units are equipped with laminate and tile flooring, a stove, refrigerator, and in-unit heating. Each residential building has a private backyard space and adjacent surface parking spaces.
Key Highlights
- Mixed‑use multifamily/retail property in Bellflower, Los Angeles County.
- Total of 10,041 SF across 11 buildings on a ±22,101 SF lot.
- Featuring 8 standalone bungalow‑style multifamily structures, 4 retail units, and a separate laundry facility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,330
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,066,600
$4.1M
Cap Rate 7%
$2,904,714
$2.9M
Cap Rate 9%
$2,259,222
$2.3M
Market Conditions
NOI Build-Up for 10,041 SF
Gross rent
$361.5K $36.00/SF
− Vacancy
−$36.1K −$3.60/SF
EGI
$325.3K $32.40/SF
− OpEx
−$122.0K −$12.15/SF
NOI
$203.3K $20.25/SF
Area
Los Angeles County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,066,600
Cap Rate 7%
$2,904,714
Cap Rate 9%
$2,259,222
Alternative Uses
Best Use
Mixed Use
$2.90M
$2.54M – $3.39M
NOI $203,330 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,568 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$5.38M
$4.70M – $6.27M
NOI $376,314 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with multifamily and retail units in Bellflower.
Where is this mixed-use property located?
The property is located at 17819 Clark Ave Bellflower, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Mixed‑use multifamily/retail property in Bellflower, Los Angeles County.; Total of 10,041 SF across 11 buildings on a ±22,101 SF lot.; Featuring 8 standalone bungalow‑style multifamily structures, 4 retail units, and a separate laundry facility.
