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

    6216 Riverside Ave Bell, CA 90201-1142

    • Apartment buildings
    • 8,180 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 08, 2024
    $390,000
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8692152
    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

    • Apartment buildings

    Property Details for 6216 Riverside Ave

    Year built
    1963
    Lot size
    0.26 lot acres
    Property size
    8,180 SF
    Zone code
    BLR3YY
    Property type
    Apartment buildings
    APN
    6317-030-020
    APU
    6317030020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $390,000
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $317,000
      Market price range: $318k - $667k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bell
    County
    Los Angeles
    State
    California
    Longitude
    -118.194
    Latitude
    33.9815
    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
    $11,785
    $169,052
    $430,345
    $599,397
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      6633 Pine Ave

      Multifamily properties • 4,000 SF
      6633 Pine Ave, Bell, CA 90201
      View Details
    • Value Estimation
      $300,000
      4,241 SF

      6425 Bear Ave

      APARTMENT HOUSE (5+ UNITS) • 4,241 SF
      6425 Bear Ave, Bell, CA 90201-2301
      View Details
    • Value Estimation
      $210,000
      7,565 SF

      5043 12th Cecilia St

      APARTMENT HOUSE (5+ UNITS) • 7,565 SF
      5043 12th Cecilia St, Cudahy, CA 90201-6086
      View Details
    • Value Estimation
      $315,000
      8,514 SF

      5063 12th Cecilia St

      APARTMENT HOUSE (5+ UNITS) • 8,514 SF
      5063 12th Cecilia St, Cudahy, CA 90201-6087
      View Details
    • Value Estimation
      $310,000
      3,813 SF

      6815 Colmar Ave

      APARTMENT HOUSE (5+ UNITS) • 3,813 SF
      6815 Colmar Ave, Bell Gardens, CA 90201-4040
      View Details
    • Value Estimation
      $280,000
      7,854 SF

      5818 Live Oak St

      APARTMENT HOUSE (5+ UNITS) • 7,854 SF
      5818 Live Oak St, Bell Gardens, CA 90201-4600
      View Details

    Similar Nearby for Sale

    • $870,000

      Bell, CA 10-Unit Development Potential

      Prime Multifamily Land, R3 Zoning
      6633 Pine Ave, Bell, CA 90201
      View Details
    • $1,500,000
      4,404 SF

      Updated Cottage Homes in Bell Gardens

      Six updated cottage homes with long-term tenants in Bell Gardens.
      5523 Gotham Ave, Bell Gardens, CA 90201
      View Details
    • $1,600,000
      2,878 SF

      Bell, CA Multifamily Investment

      Five-unit multifamily property in a desirable Bell neighborhood.
      3427 Bell Ave, Bell, CA 90201
      View Details
    • $1,500,000
      4,000 SF

      Secluded Bell Multifamily Investment

      Five-unit apartment building, high potential.
      6633-1/4 Pine Ave, Bell, CA 90201
      View Details
    • $2,950,000

      Five Townhouse Units For Sale

      Five townhouse-style units, built five years ago, tenants pay all utilities.
      5842 Quinn St, Bell Gardens, CA 90201
      View Details
    • $2,350,000

      Renovated Multifamily Property For Sale

      Turnkey, fully occupied 7-unit property with modern renovations.
      6221 Corona Ave, Bell, CA 90201
      View Details

    Similar Nearby for Lease

    • $3,250 /Mo
      1,000 SF

      New ADU Home For Rent

      New ADU with 2 master bedrooms, 4 parking spaces.
      6914 Adamson Ave, Bell Gardens, 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
    • $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
    • $9,995,000
      27,200 SF

      Versatile Industrial Property with Expansion Potential

      Adaptable industrial space featuring office mezzanine and development opportunities.
      6700 Garfield Ave, Bell Gardens, 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
    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.
    6216 Riverside Ave
    Bell, CA 90201-1142
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.