Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5953 Florence Ave Bell Gardens, CA 90201-4627

    • Commercial land
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2021
    $590,005
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6351605
    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

    • Commercial land

    Property Details for 5953 Florence Ave

    Lot size
    0.27 lot acres
    Zone code
    BGC4*
    Property type
    Commercial land
    APN
    6329-006-020
    APU
    6329006020

    Description

    This exceptional 2024-built, Class A multifamily property, located at 5953 Florence Ave, Bell Gardens, CA 90201, presents a compelling investment opportunity. Comprising two, two-story buildings totaling 6,756 square feet of net rentable space, this four-unit apartment building offers four spacious units, each with a two-car garage. The property sits on an 11,768 square foot lot and is zoned BGC4. Currently vacant, the property boasts a projected Net Operating Income (NOI) of $166,750, based on a pro-forma of $4,200 monthly rent per unit. The property's modern design, beautiful landscaping, and low-maintenance features contribute to its strong appeal. Its prime location near popular destinations like Parkwest Bicycle Casino, Azalea Shopping Center, and Citadel Outlets ensures high occupancy rates and strong rental demand. Further enhancing its value, city-approved plans exist for a 3-bedroom, 2-bathroom Accessory Dwelling Unit (ADU), projected to add $3,880 in monthly income and significantly increase the property's overall value. This turnkey investment offers excellent income potential, a high capitalization rate, and significant long-term growth prospects. The property's strong financials, combined with its desirable location and future development potential, make it an ideal acquisition for discerning investors seeking a high-return, low-risk investment in the thriving Bell Gardens/Downey market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bell Gardens
    County
    Los Angeles
    State
    California
    Longitude
    -118.159
    Latitude
    33.9676
    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
    $7,413
    $613,836
    $0.00
    $613,836
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

      Bell Gardens, CA 90201

      VACANT COMMERCIAL LAND • 0.40 Acres
      Bell Gardens, CA 90201
      View Details
    • Value Estimation by Request
      0.03 Acres

      Bell Gardens, CA 90201

      VACANT COMMERCIAL LAND • 0.03 Acres
      Bell Gardens, CA 90201
      View Details
    • Value Estimation by Request
      0.13 Acres

      4419 Gage Ave

      VACANT COMMERCIAL LAND • 0.13 Acres
      4419 Gage Ave, Bell, CA 90201-1216
      View Details
    • Value Estimation by Request
      0.19 Acres

      6460 Florence Ave

      VACANT COMMERCIAL LAND • 0.19 Acres
      6460 Florence Ave, Bell Gardens, CA 90201-4844
      View Details
    • Value Estimation by Request
      0.19 Acres

      8021 Eastern Ave

      VACANT COMMERCIAL LAND • 0.19 Acres
      8021 Eastern Ave, Bell Gardens, CA 90201-6106
      View Details
    • Value Estimation by Request
      0.24 Acres

      6013 Clara St

      VACANT COMMERCIAL LAND • 0.24 Acres
      6013 Clara St, Bell Gardens, CA 90201-4723
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Commercial Land Available For Sale

      Commercial land for sale at $11 per square foot.
      8022 Eastern Ave, Bell Gardens, CA 90201
      View Details
    • $599,000

      Commercial Land For Sale

      Commercial land available for sale.
      7950 Garfield Ave, Bell Gardens, CA 90201
      View Details
    • $870,000

      Bell, CA 10-Unit Development Potential

      Prime Multifamily Land, R3 Zoning
      6633 Pine Ave, Bell, CA 90201
      View Details
    • $825,000
      12,320 SF

      Development Opportunity in Bell

      Land with R3 zoning, ideal for development.
      6629 Pine Ave, Bell, CA 90201
      View Details
    • $1,120,000
      3,640 SF

      Prime Bell Retail Investment

      High-Cap Retail Building, Excellent Location
      6904 Atlantic Ave, Bell, CA 90201
      View Details
    • $1,175,000
      2,048 SF

      Bell Gardens Duplex with Expansion Potential

      Duplex in Bell Gardens with converted garage and expansion possibilities.
      7114 El Selinda Ave, Bell Gardens, CA 90201
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,841 SF

      Cudahy Trucking Yard Investment

      Prime 1.2-Acre Industrial Lot
      8044 Salt Lk Ave, Cudahy, CA 90201
      View Details
    • Contact for pricing
      37,772 SF

      Patata Business Park Warehouses

      Cudahy, CA Industrial Space Available
      4901 Patata St, Cudahy, CA 90201
      View Details
    • $12 SF/Yr
      22,048 SF

      Cudahy Warehouse - 10,912 SF Available

      Spacious Vernon warehouse, ideal for distribution. Multiple tenants welcome.
      4630 Cecilia St, Cudahy, CA 90201
      View Details
    • Contact for pricing
      3,000 SF

      Retail Building in Bell Gardens

      Freestanding retail building in high-traffic area near freeways.
      6203 Gage Ave, Bell Gardens, CA 90201
      View Details
    • $1.60 SF/Yr
      22,685 SF

      Distribution Warehouse with Freeway Access

      Corner distribution unit with 24' clearance and immediate freeway access.
      5580-5598 Bandini Blvd, Bell, CA 90201
      View Details
    • Contact for pricing

      Bell Gardens Industrial Space Available

      Institutionally owned industrial space with excellent freeway access for lease.
      5554 Bandini Blvd, Bell Gardens, CA 90201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5953 Florence Ave
    Bell Gardens, CA 90201-4627
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.