Two-Unit Duplex Income
For Sale
$1,250,000
118 E 107th, Los Angeles, CA 90003
A spacious duplex with two 5-bedroom, 3-bath units and separate living areas, suited for owner-use or rental housing.
Property Size3,715 SF
Days on Market86
Property Features for 118 E 107th
General Information
Standard status
Active
Size
3,715 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
3,715 SF
Year Built
1926
Listing Agency:
Excellence RE Real Estate, Inc.
Listed By:
Silvestre Medel · License #01782189
(323) 997-2016
Source:
Truthrealty
Added: Jun 11
Changed: Aug 28
Last Checked: Sep 2 at 12:34AM
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 Excellence RE Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex is configured as two separate, residential units, each offering a 5-bedroom, 3-bath layout. Across the property, there are approximately 10 total bedrooms and 6 total bathrooms, with functional floor plans designed around independent living areas. The units also feature individual utility configurations, providing separation and practicality for day-to-day operations.
The property is located near schools, shopping, dining, public transportation, and major freeway access, supporting convenient connectivity for residents. Its convenience to surrounding amenities may be particularly useful for households that value access to everyday needs and commuting options.
For an owner-user, the duplex offers the flexibility to live in one unit while renting the other to help offset housing costs. For buyers seeking a multi-unit setup, the two distinct living arrangements and separate utility configurations can simplify management compared with shared-unit layouts. This is a straightforward residential income property option for those looking for a larger bedroom mix within a duplex structure.
The property is located near schools, shopping, dining, public transportation, and major freeway access, supporting convenient connectivity for residents. Its convenience to surrounding amenities may be particularly useful for households that value access to everyday needs and commuting options.
For an owner-user, the duplex offers the flexibility to live in one unit while renting the other to help offset housing costs. For buyers seeking a multi-unit setup, the two distinct living arrangements and separate utility configurations can simplify management compared with shared-unit layouts. This is a straightforward residential income property option for those looking for a larger bedroom mix within a duplex structure.
Key Highlights
- Duplex with two 5‑bedroom, 3‑bath units, totaling approximately 10 bedrooms and 6 bathrooms
- Separate living areas for each unit with functional floor plans
- Individual utility configurations for the duplex units
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
$84,100
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
6.73%
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%
$1,682,000
$1.7M
Cap Rate 7%
$1,201,429
$1.2M
Cap Rate 9%
$934,444
$934.4K
Market Conditions
NOI Build-Up for 3,715 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
$122.6K $33.00/SF
− Vacancy
−$2.5K −$0.66/SF
EGI
$120.1K $32.34/SF
− OpEx
−$36.0K −$9.70/SF
NOI
$84.1K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /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%
$1,682,000
Cap Rate 7%
$1,201,429
Cap Rate 9%
$934,444
Alternative Uses
Best Use
Apartment 5plus
$65.68M
$57.47M – $76.63M
NOI $4,597,513 @ 7.0% cap · market cap 367.80%
Second Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,100 @ 7.0% cap · market cap 6.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
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 - A spacious duplex with two 5-bedroom, 3-bath units and separate living areas, suited for owner-use or rental housing.
Where is this duplex located?
The property is located at 118 E 107th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Duplex with two 5‑bedroom, 3‑bath units, totaling approximately 10 bedrooms and 6 bathrooms; Separate living areas for each unit with functional floor plans; Individual utility configurations for the duplex units
