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

    17516 Grand Ave Bellflower, CA 90706-6877

    • Apartment buildings
    • 10,708 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2023
    $3,875,038
    Value Estimations
    $3,545,000
    Show details
    Cap Rate Potential
    4.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6409885
    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

    • Pepper Pines Apartments / Apartment Building

    Property Details for 17516 Grand Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    10,708 SF
    Zone code
    BFCG*
    Property type
    Apartment buildings
    APN
    7163-004-040
    APU
    7163004040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,660,000
      ML approach
      $3,530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,870,000
      6.5%
      $2,650,000
      7%
      $2,460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,718,000
      Market price range: $1.00M - $3.72M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,560,000
      Current use
      MEDICAL BUILDING
      $4,870,000
      Change: +90% Conversion: Moderate
      OFFICE BUILDING
      $3,560,000
      Change: +39% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,230,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,200,000
      Change: +25% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,145,000
      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
    -118.113
    Latitude
    33.8732
    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
    $48,822
    $2,652,000
    $1,305,210
    $3,957,210
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      13,105 SF

      17436 Ardmore Ave

      APARTMENT HOUSE (5+ UNITS) • 13,105 SF
      17436 Ardmore Ave, Bellflower, CA 90706-6694
      View Details
    • Value Estimation
      $475,000
      7,578 SF

      9660 Harvard St

      APARTMENT HOUSE (5+ UNITS) • 7,578 SF
      9660 Harvard St, Bellflower, CA 90706-3676
      View Details
    • Value Estimation
      $290,000
      5,887 SF

      9710 Laurel St

      APARTMENT HOUSE (5+ UNITS) • 5,887 SF
      9710 Laurel St, Bellflower, CA 90706-5300
      View Details
    • Value Estimation
      $330,000
      5,073 SF

      9721 Mayne St

      APARTMENT HOUSE (5+ UNITS) • 5,073 SF
      9721 Mayne St, Bellflower, CA 90706-5363
      View Details
    • Value Estimation
      $505,000
      15,983 SF

      9730 Park St

      APARTMENT HOUSE (5+ UNITS) • 15,983 SF
      9730 Park St, Bellflower, CA 90706-5860
      View Details
    • Value Estimation
      $780,000
      16,596 SF

      8514 Ramona St

      APARTMENT HOUSE (5+ UNITS) • 16,596 SF
      8514 Ramona St, Bellflower, CA 90706-7709
      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
    • $169,900

      Remodeled Mobile Home in Bellflower

      Newly remodeled 2-bedroom mobile home in a convenient location.
      17820 Lakewood 30, Bellflower, CA 90706
      View Details
    • $699,900
      1,573 SF

      Bellflower Duplex on Oversized Lot

      Well-located duplex in Bellflower with income potential and large lot.
      9458 Beverly St, 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

    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
    • $4 SF/Yr
      1,080 SF

      Retail Space on Lakewood Boulevard

      Retail space available for lease in Bellflower, California.
      13528-13542 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • $0.60 SF/Yr
      34,848 SF

      M-1 Zoned Parcel with Improvements

      34,780 SF M-1 zoned parcel with office and shop.
      9624-9626 Artesia Blvd, Bellflower, CA 90706
      View Details
    • $0.31 SF/Yr
      19,561 SF

      Bellflower Land Parcel For Lease

      Land parcel available for lease in Bellflower, California.
      9021 Somerset Blvd, Bellflower, CA 90706
      View Details
    • $27 SF/Yr
      2,800 SF

      Bellflower Blvd Retail Spaces

      Prime Bellflower retail, 2 spaces available.
      14760 Bellflower Blvd, Bellflower, CA 90706
      View Details
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    17516 Grand Ave
    Bellflower, CA 90706-6877
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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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