Contemporary Duplex with Attached
For Sale
$1,025,000
159 W 79th St, Los Angeles, CA 90003
Residential Income, Contemporary, Los Angeles, CA
Property Size3,724 SF
Lot Size0.15 Acres
Price / SF$275.24
Days on Market48
Property Features for 159 W 79th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR2
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 6, Bedroom 7, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 4
Parking
3
Parking features
Driveway, Garage - Attached
Directions
South of Florence Ave, west of Main St.
Subdivision
Metropolitan South
Standard status
Active
APN
6031-019-025
Size
3,724 SF
Lot size
0.15 Acres
Utilities
Heating system
Central
Building Details
Year built
2017
Floors in Building
2
Number of units
2
Architectural style
Contemporary
Listing Agency:
Keller Williams Hollywood Hills · Keller Williams Realty
(310) 623-1300
Listed By:
Donny Adams · License #02178733
(323) 492-6756
Added: Aug 14
Changed: Sep 12
Last Checked: Sep 30 at 10:06PM
MLS# 26872889
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This contemporary duplex at 159 W. 79th St. in Los Angeles includes two residential units within 3,724 square feet on a 0.1478-acre lot. The property was built in 2017 and is configured with 10 bedrooms and 6 bathrooms. Central heating, an attached garage, and a driveway provide core building and parking features. The property is designated LAR2 and is offered in its existing as-is condition.
The Florence neighborhood setting provides access to the 110 Freeway, public transportation, neighborhood shopping, schools, and everyday services. The address also connects with USC, Exposition Park, Downtown Los Angeles, and employment centers across the city. Buyers and their agents should independently confirm permits, zoning, unit configuration, square footage, condition, and other property details.
The Florence neighborhood setting provides access to the 110 Freeway, public transportation, neighborhood shopping, schools, and everyday services. The address also connects with USC, Exposition Park, Downtown Los Angeles, and employment centers across the city. Buyers and their agents should independently confirm permits, zoning, unit configuration, square footage, condition, and other property details.
Key Highlights
- Two‑unit duplex configuration
- 3,724 square feet on a 0.1478‑acre lot
- Built in 2017 with contemporary architecture
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,686,080
$1.7M
Cap Rate 7%
$1,204,343
$1.2M
Cap Rate 9%
$936,711
$936.7K
Market Conditions
NOI Build-Up for 3,724 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.9K $33.00/SF
− Vacancy
−$2.5K −$0.66/SF
EGI
$120.4K $32.34/SF
− OpEx
−$36.1K −$9.70/SF
NOI
$84.3K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,686,080
Cap Rate 7%
$1,204,343
Cap Rate 9%
$936,711
Alternative Uses
Best Use
Apartment 5plus
$65.84M
$57.61M – $76.81M
NOI $4,608,651 @ 7.0% cap · market cap 449.62%
Second Best
Multifamily LT 5
$1.20M
$1.05M – $1.41M
NOI $84,304 @ 7.0% cap · market cap 8.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit contemporary property with central heating, attached garage parking, and driveway access.
Where is this duplex located?
The property is located at 159 W 79th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 3,724 square feet on a 0.1478‑acre lot; Built in 2017 with contemporary architecture
