Contemporary
New
For Sale
$1,100,000
159 W 79th St, Los Angeles, CA 90003
MULTI_FAMILY - Los Angeles, CA
Property Size3,724 SF
Lot Size0.15 Acres
Price / SF$295.38
Days on Market3
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 5, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 9, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 10, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 8
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: Aug 15
Last Checked: Aug 16 at 12:06PM
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 was built in 2017 and contains approximately 3,724 square feet. The property is arranged as 2 units with a total of 10 bedrooms and 6 bathrooms, offering a substantial residential configuration within a multifamily setting. Central heating serves the building, while parking is provided through a driveway and attached garage.
The property occupies a 6,436-square-foot lot and is located in Los Angeles, CA 90003. LAR2 zoning applies to the site. The existing unit count, bedroom and bathroom totals, contemporary design, and on-site parking define the current physical offering; buyers should independently confirm permitted uses and applicable licensing requirements.
The property occupies a 6,436-square-foot lot and is located in Los Angeles, CA 90003. LAR2 zoning applies to the site. The existing unit count, bedroom and bathroom totals, contemporary design, and on-site parking define the current physical offering; buyers should independently confirm permitted uses and applicable licensing requirements.
Key Highlights
- 2017‑built contemporary duplex with 3,724 square feet
- 2 units totaling 10 bedrooms and 6 bathrooms
- 6,436‑square‑foot lot
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
7.66%
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 418.97%
Second Best
Multifamily LT 5
$1.20M
$1.05M – $1.41M
NOI $84,304 @ 7.0% cap · market cap 7.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,338
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Contemporary two-unit layout with central heating, driveway parking, and an attached garage.
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 $1,100,000.
What are key features of this property?
This property features: 2017‑built contemporary duplex with 3,724 square feet; 2 units totaling 10 bedrooms and 6 bathrooms; 6,436‑square‑foot lot
