1921 Triplex With Vacant
For Sale
$890,000
1146 W 52nd, Los Angeles, CA 90037
1921 triplex with fresh interior paint and one unit vacant by escrow for potential owner-occupancy or leasing flexibility.
Property Size1,720 SF
Days on Market106
Property Features for 1146 W 52nd
General Information
Standard status
Active
Size
1,720 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
3
Building Details
Building Size
1,720 SF
Year Built
1921
Listing Agency:
Homequest Real Estate
Listed By:
Helen Villavicencio · License #02047401
(909) 606-0888
Source:
Milsteinestates
Added: Jun 13
Changed: Sep 21
Last Checked: Sep 24 at 4:57PM
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 Homequest Real Estate
Investment Insights
Based on property information with market context.
This classic 1921 multi-family triplex offers three residential units within a single income property. The property has new paint, and the front units are currently occupied by tenants on month-to-month terms. One unit is expected to be vacant close of escrow, which can provide near-term flexibility for an owner-occupant or for a tenant replacing that space.
The property is located in the Vermont Square/South Los Angeles area of Los Angeles. It is described as being close to SOFi Stadium, museums, and USC, with the seller highlighting nearby demand drivers for residential renters. Access and frontage details are not provided in the available information.
For buyers seeking a small residential income asset, this triplex presents a manageable configuration with two occupied units and a third unit that will be available at closing. Month-to-month tenancy in the front units may support operational flexibility, while the new paint and upcoming vacancy can reduce immediate cosmetic turnover. FHA financing is available, subject to lender approval and standard underwriting requirements.
The property is located in the Vermont Square/South Los Angeles area of Los Angeles. It is described as being close to SOFi Stadium, museums, and USC, with the seller highlighting nearby demand drivers for residential renters. Access and frontage details are not provided in the available information.
For buyers seeking a small residential income asset, this triplex presents a manageable configuration with two occupied units and a third unit that will be available at closing. Month-to-month tenancy in the front units may support operational flexibility, while the new paint and upcoming vacancy can reduce immediate cosmetic turnover. FHA financing is available, subject to lender approval and standard underwriting requirements.
Key Highlights
- 1921 multi‑family triplex in the Vermont Square/South Los Angeles area
- New interior paint
- One unit will be vacant at close of escrow
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
$28,737
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
3.23%
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%
$574,740
$574.7K
Cap Rate 7%
$410,529
$410.5K
Cap Rate 9%
$319,300
$319.3K
Market Conditions
NOI Build-Up for 1,720 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
$42.1K $24.48/SF
− Vacancy
−$1.1K −$0.61/SF
EGI
$41.1K $23.87/SF
− OpEx
−$12.3K −$7.16/SF
NOI
$28.7K $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%
$574,740
Cap Rate 7%
$410,529
Cap Rate 9%
$319,300
Alternative Uses
Best Use
Multifamily LT 5
$410.5K
$359.2K – $479.0K
NOI $28,737 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$364.9K
$319.3K – $425.7K
NOI $25,542 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$674.0K
$589.7K – $786.3K
NOI $47,177 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,501
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?
Triplex - 1921 triplex with fresh interior paint and one unit vacant by escrow for potential owner-occupancy or leasing flexibility.
Where is this triplex located?
The property is located at 1146 W 52nd Los Angeles, CA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 1921 multi‑family triplex in the Vermont Square/South Los Angeles area; New interior paint; One unit will be vacant at close of escrow
