Tenant-Occupied
For Sale
$750,000
4512 S Figueroa, Los Angeles, CA 90037
Los Angeles, CA
Property Size2,205 SF
Lot Size0.16 Acres
Price / SF$340.14
Days on Market21
Property Features for 4512 S Figueroa
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Laundry Room, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Kitchen, Bedroom 3
Parking features
Covered, Carport, Driveway
Window features
Double Pane Windows
Patio and Porch features
Patio
Appliances
6 Burner Stove
Lot features
0-1 Unit/ Acre
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
north on 10th Fwy, west on Vernon ave, south Figueroa st.
Subdivision
699 - Not Defined
Standard status
Active
APN
5018034018
Size
2,205 SF
Lot size
0.16 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1916
Floors in Building
2
Number of units
2
Flooring type
Laminate
Architectural style
Other
Listing Agency:
Realty One Group West
(714) 602-2600
Listed By:
Raul Gomez Garcia · License #01778693
(714) 272-7285
Added: Aug 24
Changed: Sep 12
Last Checked: Sep 13 at 12:06AM
MLS# OC26185314
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 duplex contains two units within one structure, totaling 2,205 square feet of living space on a 6,760-square-foot lot. The property is delivered with tenants and includes separate gas and electric meters for each unit. Interior features include laminate flooring, electric heating, window or wall-unit cooling, kitchens, bedrooms, bathrooms, and a laundry room. A patio and covered driveway parking are also provided.
Located in Los Angeles, the property carries LAC2 zoning and was built in 1916. Public water and sewer serve the site, with natural gas available. The address offers access to schools, shopping, public transportation, major freeways, and Downtown Los Angeles, as identified in the property information.
Located in Los Angeles, the property carries LAC2 zoning and was built in 1916. Public water and sewer serve the site, with natural gas available. The address offers access to schools, shopping, public transportation, major freeways, and Downtown Los Angeles, as identified in the property information.
Key Highlights
- Two units in one structure with 2,205 square feet of living space
- 6,760‑square‑foot lot with LAC2 zoning
- Separate gas and electric meters for each unit
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
$36,840
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
4.91%
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%
$736,800
$736.8K
Cap Rate 7%
$526,286
$526.3K
Cap Rate 9%
$409,333
$409.3K
Market Conditions
NOI Build-Up for 2,205 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
$54.0K $24.48/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$52.6K $23.87/SF
− OpEx
−$15.8K −$7.16/SF
NOI
$36.8K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /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%
$736,800
Cap Rate 7%
$526,286
Cap Rate 9%
$409,333
Alternative Uses
Best Use
Multifamily LT 5
$526.3K
$460.5K – $614.0K
NOI $36,840 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$467.8K
$409.3K – $545.7K
NOI $32,744 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$864.0K
$756.0K – $1.01M
NOI $60,480 @ 7.0% cap · market cap 8.06%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
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 property with separate gas and electric meters, driveway parking, and public water and sewer service.
Where is this duplex located?
The property is located at 4512 S Figueroa Los Angeles, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two units in one structure with 2,205 square feet of living space; 6,760‑square‑foot lot with LAC2 zoning; Separate gas and electric meters for each unit
