For Sale
$1,800,000
10918 S Figueroa St, Los Angeles, CA 90061
Value-add opportunity: 11-unit motel on two contiguous parcels.
Property Size4,254 SF
Lot Size0.24 Acres
Price / SF$423.13
Days on Market235
Property Features for 10918 S Figueroa St
General Information
Standard status
Active
Property type
Motels, Hospitality properties, Mixed-use properties, Multifamily properties, Residential income properties, Other mixed-use properties, Other multifamily properties, Commercial real estate
Size
4,254 SF
Lot size
0.24 Acres
Building Details
Year Built
1948
Listed By:
yurii.kononov_555_17
(234) 567-8900
Added: Jan 31
Changed: Jun 23
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
$86,144
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
4.79%
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%
$1,722,880
$1.7M
Cap Rate 7%
$1,230,629
$1.2M
Cap Rate 9%
$957,156
$957.2K
Market Conditions
NOI Build-Up for 4,254 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
$153.1K $36.00/SF
− Vacancy
−$15.3K −$3.60/SF
EGI
$137.8K $32.40/SF
− OpEx
−$51.7K −$12.15/SF
NOI
$86.1K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,722,880
Cap Rate 7%
$1,230,629
Cap Rate 9%
$957,156
Alternative Uses
Best Use
Apartment 5plus
$75.21M
$65.81M – $87.74M
NOI $5,264,555 @ 7.0% cap · market cap 292.48%
Second Best
Mixed Use
$1.23M
$1.08M – $1.44M
NOI $86,144 @ 7.0% cap · market cap 4.79%
Theoretical Best
Multifamily LT 5
$86.18M
$75.41M – $100.55M
NOI $6,032,844 @ 7.0% cap · market cap 335.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90061, CA
29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
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
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Frequently Asked Questions
What type of property is this?
Motel - Value-add opportunity: 11-unit motel on two contiguous parcels.
Where is this motel located?
The property is located at 10918 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
