Duplex with Detached
For Sale
$874,900
Pending
1132 W 56th, Los Angeles, CA 90037
Two residences offer updated kitchens, indoor laundry hookups, mini-split systems, and remodeled bathrooms.
Property Size2,412 SF
Days on Market52
Property Features for 1132 W 56th
General Information
Standard status
Pending
Size
2,412 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
landscaped backyard
indoor laundry hookups
mini-split
detached garage
Building Details
Building Size
2,412 SF
Year Built
1923
Construction
Craftsman-style
Listing Agency:
Realty Connection Group
Listed By:
Jun Hoang · License #01983735
Source:
Milsteinestates
Added: Aug 11
Changed: Sep 29
Last Checked: Sep 30 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Connection Group
Investment Insights
Based on property information with market context.
This vacant Los Angeles duplex contains two separate residences: a 1,840-square-foot front home with three bedrooms and two bathrooms, and a 572-square-foot rear home with one bedroom and one bathroom. Both units have open layouts, custom kitchens with quartz countertops, new appliances, luxury vinyl plank flooring, recessed lighting, remodeled bathrooms, indoor laundry hookups, and mini-split systems. Improvements also include cool roofs and fresh interior and exterior paint. The front unit has a primary suite with a private entrance; the rear unit has a new electrical panel and rewiring. The property was built in 1923.
The backyard has artificial turf and cement pavers. Parking is available in the front driveway and in a detached one-car garage, which has access doors on two sides.
The backyard has artificial turf and cement pavers. Parking is available in the front driveway and in a detached one-car garage, which has access doors on two sides.
Key Highlights
- Front residence: 1840 SQ FT, 3 bedrooms, and 2 bathrooms
- Rear residence: 572 SQ FT, 1 bedroom, and 1 bathroom
- Both units have custom kitchens with quartz countertops and new appliances
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
$40,299
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
4.61%
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%
$805,980
$806.0K
Cap Rate 7%
$575,700
$575.7K
Cap Rate 9%
$447,767
$447.8K
Market Conditions
NOI Build-Up for 2,412 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
$59.0K $24.48/SF
− Vacancy
−$1.5K −$0.61/SF
EGI
$57.6K $23.87/SF
− OpEx
−$17.3K −$7.16/SF
NOI
$40.3K $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%
$805,980
Cap Rate 7%
$575,700
Cap Rate 9%
$447,767
Alternative Uses
Best Use
Multifamily LT 5
$575.7K
$503.7K – $671.7K
NOI $40,299 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$511.7K
$447.7K – $597.0K
NOI $35,818 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$945.1K
$827.0K – $1.10M
NOI $66,158 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,441
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer updated kitchens, indoor laundry hookups, mini-split systems, and remodeled bathrooms.
Where is this duplex located?
The property is located at 1132 W 56th Los Angeles, CA.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Front residence: 1840 SQ FT, 3 bedrooms, and 2 bathrooms; Rear residence: 572 SQ FT, 1 bedroom, and 1 bathroom; Both units have custom kitchens with quartz countertops and new appliances
