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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15357 Bellflower Blvd Bellflower, CA 90706-3754

    • Apartment buildings
    • 32,810 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2021
    $11,950,119
    Value Estimations
    $11,205,000
    Show details
    Cap Rate Potential
    4.4%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-8588032
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Plaza / Apartment Complex
    • GEARBOOST LLC / Electronics Accessories Wholesaler
    • Somerset Plaza / Apartment Building

    Property Details for 15357 Bellflower Blvd

    Year built
    1963
    Lot size
    0.88 lot acres
    Property size
    32,810 SF
    Zone code
    BFR3*
    Property type
    Apartment buildings
    APN
    6271-035-024
    APU
    6271035024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,110,000
      ML approach
      $8,890,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,800,000
      6.5%
      $8,120,000
      7%
      $7,540,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,392,000
      Market price range: $3.08M - $11.4M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,845,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $19,970,000
      Change: +155% Conversion: Difficult
      MEDICAL BUILDING
      $14,915,000
      Change: +90% Conversion: Moderate
      OFFICE BUILDING
      $10,910,000
      Change: +39% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $9,900,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $9,805,000
      Change: +25% Conversion: Difficult
      WAREHOUSE, STORAGE
      $9,640,000
      Change: +23% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellflower
    County
    Los Angeles
    State
    California
    Longitude
    -118.126
    Latitude
    33.8932
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $149,331
    $4,161,600
    $8,074,850
    $12,236,450
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $505,000
      15,035 SF

      9215 Alondra Blvd

      APARTMENT HOUSE (5+ UNITS) • 15,035 SF
      9215 Alondra Blvd, Bellflower, CA 90706-4252
      View Details
    • Value Estimation
      $860,000
      178,693 SF

      10453 Artesia Blvd

      APARTMENT HOUSE (5+ UNITS) • 178,693 SF
      10453 Artesia Blvd, Bellflower, CA 90706-6873
      View Details
    • Value Estimation
      $610,000
      35,788 SF

      9146 Somerset Blvd

      APARTMENT HOUSE (5+ UNITS) • 35,788 SF
      9146 Somerset Blvd, Bellflower, CA 90706-3455
      View Details
    • Value Estimation
      $690,000
      27,908 SF

      9200 Somerset Blvd

      APARTMENT HOUSE (5+ UNITS) • 27,908 SF
      9200 Somerset Blvd, Bellflower, CA 90706-3457
      View Details
    • Value Estimation
      $605,000
      35,017 SF

      17818 Woodruff Ave

      APARTMENT HOUSE (5+ UNITS) • 35,017 SF
      17818 Woodruff Ave, Bellflower, CA 90706-7066
      View Details
    • Value Estimation
      $245,000
      3,750 SF

      17018 Woodruff Ave

      APARTMENT HOUSE (5+ UNITS) • 3,750 SF
      17018 Woodruff Ave, Bellflower, CA 90706-6053
      View Details

    Similar Nearby for Sale

    • $2,025,000

      Bellflower Multifamily Property with Garages

      Rare 8-unit property with diverse layouts and redevelopment potential.
      9863 Alondra Blvd, Bellflower, CA 90706
      View Details
    • $2,350,000
      10,041 SF

      Bellflower Mixed-Use Investment

      12-unit apartment building, high ROI.
      17819 Clark Ave, Bellflower, CA 90706
      View Details
    • $535,950
      1,017 SF

      Move-In Ready Gated Condominium

      Well-maintained 3-bedroom, 2-bathroom condominium with low HOA fees.
      9504 Harvard St, Bellflower, CA 90706
      View Details
    • New
      $4,495,000
      11,238 SF

      Bellflower Investment Opportunity on Acreage

      Rare Bellflower investment property with value-add potential on 1.14 acres.
      15551 Cornuta Ave, Bellflower, CA 90706
      View Details
    • $195,000

      Bellflower Home in All-Ages Community

      Well-maintained 2-bedroom home in desirable Lake Park Mobile Gardens.
      8811 Park St, Bellflower, CA 90706
      View Details
    • $975,000
      1,670 SF

      Income-Producing Triplex Near Downtown Bellflower

      Well-situated 3-unit property with strong rental appeal and long-term value.
      9520 Mayne St, Bellflower, CA 90706
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Senior Community Apartment For Rent

      Two-bedroom apartment in a gated senior community, available October 2025.
      9926 Cedar St, Bellflower, CA 90706
      View Details
    • $24 SF/Yr
      9,430 SF

      Bellflower Retail Space For Lease

      9,430 SF Retail Space - High Visibility
      17660 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing
      1,160 SF

      Bellflower Blvd Retail Space

      Prime Bellflower Retail, 1160 SF Available
      14301 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • $1.99 SF/Yr
      4,950 SF

      Bellflower Blvd Retail Space Available

      Retail space on Bellflower Blvd with high traffic volume.
      17424-17432 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Bellflower Specialty Property For Rent

      Specialty property available for rent in Bellflower, California.
      9820 Belmont St, Bellflower, CA 90706
      View Details
    • $2 SF/Yr
      450 SF

      Retail Space Available For Rent

      Retail space for rent, includes internet and parking spaces.
      16117-16119 Clark Ave, Bellflower, CA 90706
      View Details
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    15357 Bellflower Blvd
    Bellflower, CA 90706-3754
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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.

    More about this property
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