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    854 Alandele Ave Los Angeles, CA 90036

    View on Map
    Sponsored
    For Sale
    $1,595,000

    Triplex - Los Angeles, CA

    Type:Triplex
    Property size:
    3,041 SF
    Lot size:
    6,173.00 Acres
    Days on Market:
    54
    Last Refresh:
    Mar 18 at 1:06 pm

    Property Features for 854 Alandele Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    5089013010
    Parking
    3
    Exterior features
    Community Features Included: Urban, Rectangular Lot
    Size
    3,041 SF
    Lot size
    6,173.00 Acres

    Building Details

    Year built
    1947
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Raymond Rodriguez

    Equity Union (818) 631-1660

    Listing agent Raymond Rodriguez (805) 892-8119 License #01402283

    Listing date Jan 23, 2026

    MLS# SR26016733 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mid-Wilshire Triplex For Sale

    Alandele Court is a three-unit multifamily property located at 854 Alandele Avenue in the Mid-Wilshire / Miracle Mile area of Los Angeles. Constructed in 1947, the wood-frame building features a pitched roof and smooth stucco exterior, showcasing classic mid-century architectural elements. The property includes approximately 3,041 square feet of building area on a 6,173 square-foot lot zoned LAR3. Driveway access on both sides of the property leads to garages located on each side of the building. The unit mix consists of three two-bedroom, one-bath apartments with high ceilings, storage areas, and efficient layouts. Unit #852 was converted from a one-bedroom to a two-bedroom configuration without permits. Units #854 and #856 share a similar floor plan. Two units include central air conditioning, and one unit includes a wall-mounted air-conditioning system. Each unit includes washer and dryer hookups, individual hot water heaters, and furnaces installed in 2024. The property is master-metered for water and individually metered for gas and electricity. Recent improvements include installation of a sump pump and updated rain gutters in 2024. Parking includes one two-car garage and one single-car garage, with additional street parking available in the surrounding area. A landscaped courtyard is located at the rear of the property and includes patio space and outdoor seating areas. Each unit includes both front and rear entry access. The property is located near Miracle Mile with proximity to neighborhood retail, dining, cultural destinations, and major transportation corridors, including Wilshire Boulevard and Olympic Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.35796
    Latitude
    34.059194

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    FAQs

    What type of property is this?
    Triplex - Three-unit property in a central Los Angeles location.
    Where is this triplex located?
    The property is located at 854 Alandele Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Prime Mid-Wilshire/Miracle Mile location near retail, dining, cultural destinations, and major transportation corridors.; - Three two-bedroom, one-bath units offer a desirable unit mix.; - Each unit has washer/dryer hookups, individual hot water heaters, and furnaces installed in 2024.
    (818) 581-5829
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    854 Alandele Ave Los Angeles, CA 90036
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    Los Angeles, CA 90036
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    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
    854 Alandele Ave Los Angeles, CA 90036
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    We can help!
    Listing Contact
    Raymond Rodriguez
    Real Estate License ID: 01402283
    (818) 581-5829 (805) 892-8119 (818) 657-6500
    Learn more
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